Forecasting, Budgeting, and Projection Considerations

For this discussion, think about the forecasting and budgeting processes for a company that you work for, or have worked for, and post your answer to these questions:

1) How does the budgeting processes relate to the company's business planning process?

2) What sort of review or after-the-fact analysis is conducted?

3) In considering financial forecasts, budgets, and projections, how would the perspectives of management, investors, and creditors be similar?

4) How would it differ?

5) What is the goal of each, when considering the plans of the company?