What are the best practices for budget smoothing across multiple projects or departments?
Budget smoothing is a technique that aims to distribute the costs and revenues of multiple projects or departments over a certain period, such as a fiscal year, to avoid fluctuations and imbalances. It can help you align your spending with your strategic goals, optimize your resource allocation, and improve your financial performance. However, budget smoothing also has some challenges and risks that you need to be aware of and manage carefully. In this article, we will discuss some of the best practices for budget smoothing across multiple projects or departments, and how to apply them in your budget management process.
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Muhammad SuhailTOP LINKEDIN VOICE EARNED 44-BADGES HAVING 31-YEARS BANKING INDUSTRIES EXPERIENCE ON DIFFERENT ROLE AS HIGHLIGHTED IN…
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Pratik Rathod??? 188x LinkedIn Top Voice??| Founder @ LTTRBX TECHNOLABS | Building Innovative Tech Solutions
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Raquel Von Rondow RojoDiretora de Implanta??o de Projetos Correntes na VALE | Lideran?a, Performance e ESG