This is the process of setting a realistic budget, based on historic data, trends and ambitions.
Agreeing a finance timetable.
Ask the questions around costs, prioritisation of expenses and investments decisions.
It will produce a budget for performance (Profit & Loss), balance sheet and cashflow.
Use variance analysis to gain a full understand of actual costs against budget
Reforecast the budget for fair winds or other significant events
Departmental budgets and ownership