This month I was lucky enough to talk with Steve Morlidge to talk about the Beyond Budgeting. He is an expert in Beyond Budgeting, a financial method that searches for a lot of the same anti fragile outcomes as the Agile manifesto.

Why is this important?

Yearly budgets are inefficient and wasteful.
Trying the forecast your budget for the year is like trying to forecast your roadmap for the year. It will most likely change with new information, so moving to “just enough” planning is less wasteful.

Yearly budgeting encourages bad behaviour.
Forcing people to allocate dollars before they know what they need it ends up with them asking for too much at the beginning and madly spending before the EOFY.

Here is What You Will Learn

The six pillars of change.
Understand the six pillars that will support your organisation to this more Agile financial method.

The Beyond Budgeting iterative method.
See the cycle that manages failure within boundaries and allow for a greater opportunity for growth and learning.

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