Best Practice Approaches to Planning, Budgeting, and Forecasting
As part of an ongoing research program, the Beyond Budgeting Roundtable (BBRT) teamed with the American Productivity & Quality Center (APQC) to conduct a study entitled "Planning, Budgeting, and Forecasting: A Best Practices Snapshot." The study examined five industry-leading companies that each used markedly different approaches to planning, budgeting, and forecasting. While each of the companies' approach was different, the study identified ten best practices that were continued in and vital to the overall success of these best-in-class organizations. This white paper will outline these best practices and illustrate each lesson learned.