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Differences between two

Forums › FIA Forums › MA2 Managing Costs and Finance Forums › Differences between two

  • This topic has 2 replies, 2 voices, and was last updated 3 years ago by James124.
Viewing 3 posts - 1 through 3 (of 3 total)
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  • August 13, 2021 at 11:45 am #631441
    James124
    Participant
    • Topics: 166
    • Replies: 138
    • ☆☆☆

    Distinguish between Revised forecast and Rolling forecast.
    Also distinguish between Cost card and Job Card.

    August 13, 2021 at 2:09 pm #631457
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10594
    • ☆☆☆☆☆

    Revised: eg economy shrinks unexpected, so you change the forecast to keep it more realistic.

    Rolling: continually drops last month and brings in new one 12 months away so that forecast always covers next 12 months.

    Cost card: usually set out in advance for mass produced items on a cost per unit basis.

    Job card: for a unique item, contract or job. Budget costs might be entered in advance then actual costs entered in another column

    August 14, 2021 at 4:11 pm #631573
    James124
    Participant
    • Topics: 166
    • Replies: 138
    • ☆☆☆

    Thank you tutor for fabulous differentiation.

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