Number of budget versions produced before final approval
This measure calculates the approximate number of budget versions that are produced during the budget cycle before approval of the final budget. It is part of a set of Process Efficiency measures that help companies optimize their "perform planning/budgeting/forecasting" process by minimizing waste and refining resource consumption.
Benchmark Data
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Learn about MembershipMeasure Category:
Process Efficiency
Measure ID:
100892
Total Sample Size:
1,482 All Companies
Performers:
| 25th | Median | 75th |
|---|---|---|
| - | - | - |
Key Performance Indicator:
No
Compute this Measure
Units for this measure are budget versions.
Number of budget versions produced before final approval
Key Terms
Process efficiency represents how well a process converts its inputs into outputs. A process that converts 100% of the inputs into outputs without waste is more efficient than one that converts a similar amount of inputs into fewer outputs.