- This topic has 1 reply, 2 voices, and was last updated 5 years ago by
.
Viewing 2 posts - 1 through 2 (of 2 total)
- Posts
What is the feed forward control as it means that we compare budgeted results against the forecast but the budget itself means that we forecast it, then what is the diff in both ?
Please guide.Planning variances are an example of feedforward control. If things have changed since the budget was prepared such as a permanent price rise in materials, then we will look to see if we can change our plans to compensate for the extra cost (e.g. perhaps use different materials in the future).
Viewing 2 posts - 1 through 2 (of 2 total)
- You must be logged in to reply to this topic.