Reflecting on your past financial year, outlining your goals for the next one, and considering the implications for the years beyond can help you overcome the more challenging aspects of budget planning.
Budgeting for the new year is a task that I have always approached with a sense of apprehension. Though outlining the upcoming year’s plans is an important step for managing future projects, it can be a difficult task to manage due to the three factors below:
- Software requirements: Software projects are inherently intricate in nature with ever-changing requirements.
- Software design: The design can often throw unexpected technical curveballs and come with regulatory hoops to jump through.