What could do from an organizational standpoint

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Problem 1. Scalability and Replicability

One of the main goals of good model/template design is scalability and replicability. What do each of these words mean in the context of model/template building?

Problem 2. The budget process is often iterative and may involve a first, second, and even third round of discussions and updates with department managers/senior management. Given this situation, what could we do from an organizational standpoint to effectively keep track of all these changes and why is it important to build a flexible budget template?

Reference no: EM132696846

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