Budgeting vs. Forecasting: What’s the Difference? by Chia-Li Chien.
Chia-Li Chien | Aug. 28, 2014 In my previous article, How Well Do You Forecast in Business? we explored the difference between forecasting and budgeting. We concluded that regular monitoring to forecast and reforecast can help businesses achieve goals proactively. Remember, forecasting is a process, not just a set of numbers. But what if you’re tasked with forecasting a project, an initiative,...
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