Agile Budgeting for Predictable Costs

👋 Hi, I’m Martin Hinshelwood from NKD Agility, and in this video, I discuss how traditional budgeting methods are holding organizations back in dynamic, fast-changing markets. Instead of rigid, annual budgets, we explore how Beyond Budgeting principles enable more adaptive, flexible, and value-driven financial management aligned with modern product development practices.

📌 Chapters:

1. 00:00 – Introduction: The Problem with Traditional Budgeting
2. 02:30 – Why Annual Budgets Don’t Fit Agile Product Development
3. 05:15 – Missed Opportunities: The Hidden Costs of Rigid Budgets
4. 08:45 – Adopting a Venture Capitalist Approach to Budgeting
5. 12:00 – Real-World Examples: The Cost of Inflexibility
6. 15:30 – Aligning Budget Cycles with Product Cycles
7. 18:00 – Exploring Beyond Budgeting for Agile Teams

🎯 Who This Video is For:

• Product managers and project managers struggling with rigid budgeting cycles • Finance leaders seeking to support agile product development • Organizations transitioning from project-based to product-based operating models • Teams looking for strategies to better align budgets with market opportunities

📖 What You’ll Learn:

• The limitations of traditional yearly budget cycles in dynamic markets • How Beyond Budgeting principles support adaptability and value-driven decisions • The benefits of treating budgets like venture capital funding for products • How aligning budgeting with product cycles reduces missed opportunities • Real-world examples of how rigid budgeting has led to massive losses

💡 Key Takeaways:

• Traditional budgeting creates inflexibility and unrealized value. • Agile product development requires continuous adaptation, not fixed yearly plans. • Product-focused budgeting empowers teams to allocate resources dynamically. • Beyond Budgeting principles enable organizations to seize opportunities and minimize risks.

At NKD Agility, we help organizations align their financial practices with modern product development approaches. Ready to move beyond rigid budgets and unlock more value? Visit us today on https://www.nkdagility.com  and let’s explore how Beyond Budgeting can transform your organization.

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