Best Estimate
Created Jun 15, 2023 (08:28)
, last modified Jun 15, 2023 (08:28)
by Yuanyuan Chen
Definition
Best Estimate forecast triggered by a business event. Adjustments are done at the same level (Macro-Package or Package) as it is defined for budget by GBU/Function. It includes the actuals for past quarters, plus the best estimate for current and future quarters
Label(s)
Budget
Created Jun 15, 2023 (08:29)
, last modified Jun 15, 2023 (08:29)
by Yuanyuan Chen
Definition
Zero Base Budget performed in Anaplan with defined Macro Package targets, supported by bottom up drivers modelling ‘should-cost,’ that rationalize spend to what is needed and creating a mechanism to optimize spend by Macro Package.
Label(s)
Budget Entry
Created Jun 15, 2023 (08:29)
, last modified Jun 15, 2023 (08:29)
by Yuanyuan Chen
Definition
Act of estimating next year period. Done at the intersection level of a cost center (or group of cost centers) at Package level using a Driver based (P*Q), Itemized or Lump-sum approach
