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top   »  risk   »  business risks   »  financial risk   »  budget risk

What is Budget Risk?

 , November 26, 2015 updated on December 14, 2016
Budget risk is the potential for the estimates or assumptions built into a budget to turn out to be inaccurate. All budgets are based on future looking forecasts that typically involve some degree of uncertainty. This uncertainty can be managed as a risk.
Overview: Budget Risk
TypeRisk
DefinitionThe potential for assumptions and estimates built into a budget to be inaccurate resulting in budget control issues such as cost overruns.
Risk TreatmentsAvoid
Reduce
Transfer
Accept
Related ConceptsProject Risk
Schedule Risk

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