misbudgeting

Example:The company identified a misbudgeting error in their sales forecast, leading to a surplus of inventory.

Definition:A mistake made in the budgeting process that leads to incorrect financial planning or spending.

Example:The finance team noticed major budget misallocation issues in the capital expenditures.

Definition:The incorrect distribution of a budget across different departments or purposes, often leading to financial inefficiency.

Example:The CFO warned about the potential misbudgeting risk during the annual budget review.

Definition:The risk associated with making errors in budgeting, which can lead to financial losses or poor business decisions.