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Energy Budgeting

Making Energy Budgeting a Manageable Process to Help Keep Surprises Down

Those responsible for energy budgeting often operate under common misconceptions that can undermine the development and tracking of a thorough and accurate budget.

Living with your budget is hard work, but it is a manageable process. The tactics described within this white paper will help keep surprises, or variances, to a minimum. Remember that your approach to budget development needs to be consistent with how expenses hit your General Ledger. Keep track of assumptions like usage and unit cost so you can analyze variance in terms of their impact. Make sure you know how your accruals are calculated and budget accordingly. Finally, use your variance information to take positive steps moving forward, re-forecast and operational practices changes for example.

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