Pursuing opportunities through a budget reset

Difficult times, like those encountered during COVID-19 also present opportunities.  Organisational budgets need to be lean, ensuring limited funds are not being wasted, but include resources to take advantage of opportunities the future may present or that an organisation may pursue.

The typical process of looking at previous budgets and making adjustments based on anticipated trends may not be relevant in 2021.  It may actually limit an organisation’s opportunities to plan for digitisation and other growth projects.

Zero-based budgeting is a great reset but it generally too large an exercise to carry out every year.

A slimmed down version of a zero-based budget may be the answer.  It allows your organisation to have an incremental reset each year and will challenge management to think more closely about resources and cost and what is required to deliver against objectives.

A slimmed down version of a zero-based budget may be the answer.

Our Budget Reset Methodology (BRM) allows us to work with clients to ensure they have budgets appropriate for their operations, that are lean were necessary, and provide for growth and the pursuit of opportunities where required.  We adopt a view that focuses on what is mandatory and what is discretionary and look to reduce waste and unnecessary overheads were possible.

Talk to us to learn more about how our BRM can help your organisation improve profitability and create properly considered, sustainable outcomes.

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