Expert Panel

Common job issues and solutions in Finance & Economics

Forecasting uncertainty.


Always annotate assumptions and make estimations for variability.  Communicate your assumptions as you are working on the forecast to ensure they are the same assumptions made by members within your organization.  It is helpful to everyone if you prepare a base forecast using a static environment, then comparing that to the strategic elements provided to you.  When you note these items and discuss them, they will become more realistic or unrealistic to all parties.


How comfortable are you at preparing your company’s financial forecast?