As you prepare your budget, confront ambiguities head-on. If your projections are shrouded in unavoidable uncertainties, be conservative. But don’t go overboard or you’ll lose credibility and undermine your ability to use the budget as a management tool. Arrive at reasonable figures by studying year-over-year trends, weighing each variable that can throw off your plans and seeking advice from a mentor.
Microsoft® Excel® dashboards are a powerful way to pull together different information in a single place to give a high-level overview of a business. A meaningful “big picture” view of business activities can drive the allocation of scarce resources....Click here to find out more.