Category: Budget

Volume – Cost – Profit (CVP) Analysis and Excel Templates

During business planning, strategy development, budgeting and financial planning business managers will most likely give attention to product sales (quantity in addition to valuation) together with earnings overall performance. Long term strategies in many cases are based upon exactly what has long been accomplished previously having an focus on development plus, with regard to larger […]

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Zero Based Budget Example and Template

The process of budgeting in most organizations follows the logic that the next year budget will be same as this year with only a few minor changes. The sales budget will follow this logic as well as any production, marketing or operational budget. Is anything wrong with this budget development approach? The answer is yes […]

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How to Estimate a Project – Techniques for Better Project Estimation and Planning

Estimating your project is one of the most important stages in the project planning process. In order to create decent project plan budgeting, estimating and financial analysis is critical for success. This is important for the success of the project as well as for getting support on the project from various stakeholders within your company. […]

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Project Cost Estimate

1. Estimate and Maximize ROI on your project 2. Plan resources and allocate necessary costs to your project activities 3. Minimizing the project cost while achieving all of your project goals and objectives The goal of each and every project is to add value to your organization. At the end the benefits should outweigh the […]

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Cost to Hire a New Employee (HR KPIs and Metrics)

Every time a company makes a decision to hire a new employee it should look at the total cost. By focusing on the direct cost only or focusing on the salary range in many cases poor decisions are made. This is especially true for many professionals like legal, IT, sales, marketing, etc. As an example, […]

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