ABSTRACT
During a project’s budget life cycle there is always the risk of expected income not materializing, or expected expenses differing. Most large organizations have a complexity of departments, where one department consumes another’s product, or multiple departments compete with one another by providing a similar product using different technologies. In such an interlocked environment, budgeting risks may propagate across related projects and impact many seemingly unrelated departments. Being able to predict the risks and expose them to all related parties is crucial.
