Here's how you can prevent conflicts in a Budgeting & Forecasting role proactively.

According to me to proactively prevent conflicts in a Budgeting & Forecasting role, it is crucial to communicate clearly and regularly with all stakeholders to ensure alignment on goals and expectations. Establishing transparent and consistent processes for budgeting and forecasting activities helps maintain clarity and trust. Leveraging data driven decision making provides objective insights and rationale, minimizing subjective disagreements. Additionally, fostering a collaborative environment by encouraging feedback and promptly addressing concerns can significantly reduce potential conflicts.

Não apenas entender as necessidades e prioridades dos envolvidos mas fazer com que eles entendam as necessidades da organização e de como podem contribuir efetivamente. É vital comunicar claramente e ter um processo orçamentário organizado, com fases e datas definidas, para balizar a colaboração e responsabilidade de todos. O planejamento é da organização, não do FP&A. Not just understanding the needs and priorities of those involved but making them understand the needs of the organization and how they can contribute effectively. It's vital to communicate clearly and have an organized budget process, with defined phases and dates, to guide everyone's collaboration and responsibility. Planning belongs to the organization, not only FP&A Team.

It is important to communicate clearly with regard to how assumptions were derived, as well as the underlying variables in your budget and forecasting models. This will ensure that leadership understands the rationale behind your projections and will allow them the opportunity to provide more informed feedback.

Solicit feedback and input from your team members or departments, when possible. This promotes a collaborative approach to refining expectations and ensuring alignment with larger organizational goals. This will enhance the accuracy and "buy-in" of the forecast.

Establish a meeting series to discuss any modifications or updates to the budget or forecasts. This will help you to foster transparency and accountability throughout the process. Additionally, you'll be better able to administer timely adjustments to the forecast, as needed.

Hoje, mais do que nunca, é necessária a integração do planejamento com a área responsável pelos compromissos e iniciativas relacionadas à sustentabilidade, pois as novas Normas do IFRS demandam informações financeiras sobre riscos e oportunidades relacionados à sustentabilidade, explicitando como essas informações estão correlacionadas com o fluxo de caixa das organizações.

Budgeting and forecasting is about being transparent and setting expectations from the onset. Be honest but back your recommendations with reliable data. Work collaboratively to understand needs but also be realistic. Don’t sugarcoat things or be off putting. It’s important to hear the true concerns without a bias. Listening to understand is key to being successful. Even if you don’t reach your desired conclusion, you can at least built trust and trust is everything to moving things forward.