Sample interview questions: Have you ever created a long-term budget plan or forecast? What factors did you consider?
Sample answer:
- Historical data: Analyzed historical financial data to understand past trends and patterns relevant to the budget.
- Economic forecasts: Considered economic forecasts and projections to anticipate changes in the economic environment that could impact the budget.
- Operational plans: Reviewed operational plans and strategies to align the budget with the organization’s long-term goals and objectives.
- Stakeholder input: Gathered input from key stakeholders, including department heads and senior management, to understand their needs and priorities.
- Risk assessment: Conducted a comprehensive risk assessment to identify potential risks that could impact the budget and developed strategies to mitigate those risks.
- Sensitivity analysis: Performed sensitivity analysis to assess the impact of different scenarios and… Read full answer