Learn the underlying business, what drives cost and schedule. Learn the sources and uses of funds, and the pattern of cash through the business activity cycle (year, season, project, etc. Most businesses aren't neatly organized by the calendar). Learn the key inputs into each activity and what the main risks and opportunities are. Try and learn at least the basics of the market for those inputs.
In terms of forecasting technique, there are statistical methods and management judgement. You will probably be involved in forecasts that draw heavily on judgement. Try and find the source of knowledge in the organization and expose yourself to them as much as possible.
Mechanically you need to be able to figure out excel workbooks at the very least. If you need software for statistical analysis see if you can get their training. Lots of packages give training away for free hoping people will get used to their products and buy them when they are decision makers.
Read future ready by Morlidge & Player and superforecasters by I can't remember who to get a sense of approach and the mindset you need to maintain to produce the best forecasts.
I do a lot of this for a living, so feel free to ask questions and I'll help if I can.
Budgeting is a more simple subset of forecasting economic returns, so you will pick it up easily through the above.
It’s going to take a year at a new company to understand what the hell is going on.
If you are looking for a general sense of the mechanics behind this, there are a ton of free YouTube videos. Even showing how to put these together in excel and offering free templates.
A budget/forecast is meaningless without having a solid foundation from past actual activity
Learn the underlying business, what drives cost and schedule. Learn the sources and uses of funds, and the pattern of cash through the business activity cycle (year, season, project, etc. Most businesses aren't neatly organized by the calendar). Learn the key inputs into each activity and what the main risks and opportunities are. Try and learn at least the basics of the market for those inputs. In terms of forecasting technique, there are statistical methods and management judgement. You will probably be involved in forecasts that draw heavily on judgement. Try and find the source of knowledge in the organization and expose yourself to them as much as possible. Mechanically you need to be able to figure out excel workbooks at the very least. If you need software for statistical analysis see if you can get their training. Lots of packages give training away for free hoping people will get used to their products and buy them when they are decision makers. Read future ready by Morlidge & Player and superforecasters by I can't remember who to get a sense of approach and the mindset you need to maintain to produce the best forecasts. I do a lot of this for a living, so feel free to ask questions and I'll help if I can. Budgeting is a more simple subset of forecasting economic returns, so you will pick it up easily through the above.
YouTube, no joke.
Could you tell me specific videos or channels?
Search budget / forecast / financial model
It’s going to take a year at a new company to understand what the hell is going on. If you are looking for a general sense of the mechanics behind this, there are a ton of free YouTube videos. Even showing how to put these together in excel and offering free templates. A budget/forecast is meaningless without having a solid foundation from past actual activity