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.
Ask the Tutor ACCA PM
Budget
5y ago#1Planning 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).
Sign in to reply to this topic.