Anton Oussov, Partner and Head of KPMG’s Oil & Gas Practice in Russia and the CIS, jointly with Roman Malyuga, Arkady Petrosyan and Sergey Selin of the Finance & Treasury Management team, comments on the most effective approach to budgeting in oil & gas companies in the current highly volatile environment, as well as on probability budgeting.
The KPMG professionals note, “Of course we can't know the future, but we can predict possible development scenarios and assess the probability and consequences of their implementation. And, in this case, probability budgeting could be the solution that will take the budgeting process and the process for making key managerial decisions in Russian oil & gas companies to a quite new and more efficient level.”
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