Budget planning season is crucial for setting the following year’s strategic direction, the team’s top priorities, and where your team needs to invest in order to achieve business objectives.
The question of whether to build software in-house or rely on third-party vendors is more fraught than ever, as budgets come under scrutiny and internal teams get stretched after waves of layoffs.
Reflecting on your past financial year, outlining your goals for the next one, and considering the implications for the years beyond can help you overcome the more challenging aspects of budget planning.
With knowledge of business context, an understanding of leadership’s priorities, and a strong roadmap, you can make the most of your annual planning process.