Budget vs. Forecast vs. Actuals: What's the difference?
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Listen to this article In Project Management and in Business, I often see people struggle with these three financial concepts and the difference between them: budget, forecast and actuals. Some people mistakenly think they are the same thing or often confuse them. But each of these have their own meaning and purpose and understanding the difference between them and how to correlate them or compare them is actually important. So here we go:
Budget vs. Forecast vs. Actuals: What's the difference?
Budget vs. Forecast vs. Actuals: What's the…
Budget vs. Forecast vs. Actuals: What's the difference?
Listen to this article In Project Management and in Business, I often see people struggle with these three financial concepts and the difference between them: budget, forecast and actuals. Some people mistakenly think they are the same thing or often confuse them. But each of these have their own meaning and purpose and understanding the difference between them and how to correlate them or compare them is actually important. So here we go: