Topic Thread

Topic: Predictive Modeling for Services and Budgeting

1.  Predictive Modeling for Services and Budgeting

Posted 9 days ago
Good Afternoon,

Recently, I have found myself at a loss for where to find industry information (facilities maintenance and management) relating to budgeting and modeling. I am trying to find if there is a general standard within the industry that companies are using in order to project their budgets based on services performed versus services invoiced. Currently, my company places a great deal of emphasis on services we are invoiced for, this becomes the basis for our future budgeting and also has been attempted to be used as a lever to adjust when we are over budget. However, I believe, and the models I have developed prove, that basing our business on services performed is a better business practice then to base it on being invoiced for services (in which services could be invoiced way after the fact). I am hoping to find any type of white paper, or general publication that I could use to support my assertion in this type of modeling.

If anyone could point me in the right direction for this research it would be greatly appreciated.

Regards,

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Jeffrey Ryan
Chicago IL
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