by Kara Batt, Strategic Communications Manager, Neubrain
Performance-based budgeting or budgeting for outcomes (BFO) has taken center stage and not in the best light. Earlier this summer, the Department of Veterans Affairs (VA) introduced the world to BFO -- the idea of linking spending to performance -- and showed how unrealistic goals, inadequately managed performance measurement systems and improperly used, inaccurate data can have unforeseen, irreparable consequences.
What the public didn't see, however, is how a properly run budgeting for outcomes system, such as the award winning one currently running in Park City, Utah, can greatly improve how an organization's budget is prepared, managed and executed, saving time, money and increasing overall efficiency.
