Budget Forecasting (Organizational Forecasting)

Develops models or projections based on studying past results, relationships, and data and anticipating future trends/events.

Key Behaviors
  • Reviews information and data being used to generate forecasts.
  • Conducts analysis utilizing various forecasting tools and methodologies to assess actual performance and quantify risks.
  • Reviews forecasts for accuracy.
  • Prepares forecasting reports/communications and disseminates them to various stakeholder groups as required.

Developmental opportunities for this competency are available from the NIH Training Center.