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My day at EACUBO
I had the pleasure of participating in the annual EACUBO workshop at the end of March. Hands down, it was one of the best events I’ve ever attended. For those of you who do not know EACUBO, the acronym stands for the Eastern Association of College &...
Naked Budgeting
(The Streaker of ’74 behind Oscar presenter David Niven) For those of you who are squeamish, I apologize for the Streaker of ’74. He won’t show up again in this post, but I have to get your attention somehow. Now on to more serious matters… When it...
Just how fast is the world changing?
Every once in a while I’m reminded of fast the world is changing, and at the same time small it’s getting (truly we live in a global village). Our planning processes are supposed to be informed by these changes and keep pace with them. A colleague of mine...
Is Your Budget Process Fair?
I realize that the question isn’t one you stop and think about during the heat of the budget battle. There are templates to be created, links that need to be validated, formulas to be edited. And that’s just preparation! All of that work represents just a...
It Takes A Village To Build A Budget
There’s no doubt that Finance runs the budget process, and probably should. But we can get so focused on the mechanics of getting the budget done, that we can almost forget that it takes a village to build it. Let’s keep in mind that the purpose of budget...
Incredible Video on Coordination & Planning
How do you get 185 people in 12 countries, who have never met before, to come together and sing in a virtual choir? Coordination & planning, that’s how. I don’t want to give too much away, but this video will set you back on your heels....
A Failing City Calls in the Budget Doctor
Every once in a while I come across a podcast that I think is illuminating – makes a point but does so in a clever or revealing way. I found one the other day and wanted to share it. A Failing City Calls in the Budget Doctor...
Distributed Budgeting
At XLerant, we’re changing how budgeting is done… and who’s doing it Our clients use our flagship application, called BudgetPak, to distribute budgeting to the people driving the actual results. To understand why, read on. Who does the budget in your...
How Impact Bias and Focalism Make for Bad Decisions
People who study purchasing behavior have discovered a curious phenomenon they call Impact Bias. It’s a tendency to overestimate the impact a particular change will have. There’s another phenomenon called Focalism; the tendency to magnify the importance of...
