Budgeting Next Generation
Budgeting Operations Traditionally Is NO Longer Useful For Business Success.
Home  |   About Us  |   Services  |   Consultants  |   Search  |   Sitemap  |   Contact Us

Budgeting Going the Way of Dinosaurs SiteMap

According to a survey of finance executives budgets become obsolete for decision making very quickly:

  • 27% of budgets are obsolete before the year starts
  • 68% of budgets are obsolete by June for calendar year organizations

Budgeting Defined by Wikipedia

  • budget (from old French bougette, purse) is generally a list of all planned expenses and revenues.
  • plan for saving and spending.[1]
  • important concept in microeconomics, which uses a budget line to illustrate trade-offs between two or more goods.
  • organizational plan stated in monetary terms.

Budgeting Purpose as Defined by Wikipedia

purpose of budgeting is to:

  1. Provide a forecast of revenues and expenditures i.e. construct a model of how our business might perform financially speaking if certain strategies, events and plans are carried out.
  2. Enable the actual financial operation of the business to be measured against the forecast.

Capital Budgeting for most organizations does NOT Support Strategy Execution

Capital Budgeting in most organizations does NOT support the Strategic Plan.

Operational  Budgeting for most organizations does NOT Support Strategy Execution

In many large organizations there is a disconnect between Strategic Planning and Operational Budgets.

If Capital and Operational Budgets Do NOT Support Execution of Strategy, What Should an Organization Do

  • Discontinue preparing a traditional operating budget
  • Continue creating a long term capital budget for cash flow and funding purposes
  • Replace the traditional annual operating budget with rolling 12 month or quarterly budgets

Call John Antos at 972.980.7407 to find out how Next Generation Budgeting can help you achieve your goals.

Budgeting Articles
Budgeting Consulting
Budgeting Consultants
Budgeting & Cost Accounting
Budgeting Disadvantages
Budgeting FAQ
Budgeting Software
Budgeting Training

Next Generation Budgeting Info Request Form

Have a Next Generation Budgeting Specialist contact me


Phone: 972.980.7407 email: Contact us
Value Creation Group, Inc.
7820 Scotia Dr. #2000
Dallas, TX 75248


copyright 1984-2013 Value Creation Group , Inc. For additional information, click Contact Us