What are the likely cost implications for a business which expands rapidly?
To what extent are the employees in a team/ section/ division responsible for:
Data collection to support the budget?
Developing realistic and attainable budgets for the section/ division?
Monitoring expenditure?
Using the budget to measure actual work against projected work achievements?
1
Expert's answer
2018-08-04T01:13:08-0400
1) Financial risk is the most difficult to predict and painful can manifest in this way: • Increased cash flows and tightened requirements • Funds needed to service debt exceed cash flow • Lack of analysis of ROI and capital investment • Investments in unknown geographic areas and business areas, as well as in expansion of production capacities • The need to attract additional risk capital
2) Responsible: Data collection to support the budget. Partially responsible: Developing realistic and attainable budgets for the section/division. Responsible: Monitoring expenditure. Partially responsible: Using the budget to measure actual work against projected work achievements.
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