Finance Budgeting Rubric

This Finance Budgeting Rubric serves as a tool for evaluating our financial planning process. It assesses accuracy, completeness, and alignment with goals, aiming to enhance transparency and guide continuous improvement in our budgeting practices.

Accuracy of Financial Projections

How closely the projected figures align with actual performance.

Scoring
1 (Poor)	2 (Fair)	3 (Good)	5 (Excellent)
>15% variance	10-15% variance	5-10% variance	<5% variance

Completeness of Budgetary Components

Inclusion of all relevant income and expenditure categories.

Scoring
1 (Poor)	2 (Fair)	3 (Good)	5 (Excellent)
Missing more than 3 key components	Missing 2-3 key components	Missing 1 key component	All components included

Strategic Alignment

Alignment of budget with company's strategic goals.

Scoring
1 (Poor)	2 (Fair)	3 (Good)	5 (Excellent)
No clear alignment	Partial alignment	Mostly aligned	Fully aligned

Flexibility and Adaptability

Ability to adjust budget in response to changing circumstances.

Scoring
1 (Poor)	2 (Fair)	3 (Good)	5 (Excellent)
No flexibility; rigid structure	Limited flexibility	Moderately flexible	Highly flexible and adaptable

Stakeholder Involvement and Communication

Involvement and effective communication with relevant stakeholders.

Scoring
1 (Poor)	2 (Fair)	3 (Good)	5 (Excellent)
Minimal or no stakeholder involvement	Some involvement; communication gaps exist	Adequate involvement and communication	High level of involvement; clear and continuous communication

The assessment of our finance budgeting process highlights commendable strengths in realistic projections, comprehensive coverage, and effective monitoring mechanisms. 

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