- Build the budget bottom-up and not top-down, to ensure it is as accurate as possible – Involve all needed departments
- Make sure the budget is a financial model that can be easily tweaked and sensitized to simulate various scenarios
- Challenge the budgeted targets in order to make sure they are ambitious yet achievable, since KPIs related to bonuses will be derived accordingly
- Stress-test the budget’s various output sheets to make sure data is consistent and well corroborated
- Build the budget bottom-up and not top-down, to ensure it is as accurate as possible – Involve all needed departments
- Make sure the budget is a financial model that can be easily tweaked and sensitized to simulate various scenarios
- Challenge the budgeted targets in order to make sure they are ambitious yet achievable, since KPIs related to bonuses will be derived accordingly
- Stress-test the budget’s various output sheets to make sure data is consistent and well corroborated
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