Budgeting · The budget · Element
The assumptions
What each figure depends on being true.
The part
What it is
Volume, price, headcount, rate and timing are the recurring five. Written down, a variance becomes diagnosable.
Assumptions shared across several lines should be stated once, so that a single change propagates rather than being missed in three places.
The smallest level
The attributes it carries
Each attribute is one of the framework’s shared types. What a date is, and how it is written, is defined once for the whole model — the note here says what it means in this particular place.
The other elements in the budget
The lines
Each budget line with its amount and period.
LearnThe owner
Who is accountable for the line.
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