This chapter considers what budgets are comprised of, how they are created and who uses them. It will also look at how a budget differs from a forecast and why both are important in running an effective business or department.
For some people a budget is something they are given to work with or within, or even to spend up to, but for those managers wanting to have greater control of their company or division it is essential to understand the value of a budget and forecast, how they differ and, of most importance, how to create them.
Only by having this insight can a manager hope to run a more effective business.
My old manager would say the only thing you can say with any degree of certainty about ...