Budgeting and Headcount Decision-Making

Prior to beginning work on this discussion forum,
-Read Chapter 6: Operating Budgets from Using Accounting and Financial Information: Analyzing, Forecasting, and Decision MakingLinks to an external site..
-Watch Budgetary Control for ManagersLinks to an external site..
-Watch (L029) Basic Budgeting Concepts - Leadership and ManagementLinks to an external site..
For your initial post, share an example from your own experience about how your workplace established spending and hiring goals. Please summarize:
What worked well and what did not work well?
How might the forecasting processes be improved?
Guidelines:
Your post must be at least 250 words.
Please avoid naming the actual company or any person. Your experience and analysis of the situations are important, not the names.
If you do not have relevant experience in your professional life, you can use your experience from your personal life. For example, have you planned an event, done budgeting, and hired people for the event? What worked well there, and how do you think forecasting be improved?
You can create an imaginary situation for writing the post if you do not have relevant experience in your professional or personal life.