The annual budgeting process in the aviation, aerospace and defense (AA&D) industry puts greater pressure on any Digital Transformation initiative. First, a typical program will span multiple years, depending on the scope and scale of the transformation targeted, to enable the future operating model desired. Second, this program will compete for resources such as budget and people and other investments or initiatives which target growth and the future of the enterprise.
This is in addition to the ever-present surprises, course corrections and policy or compliance ‘mandatory actions’, all naturally occurring in AA&D.
Check out the following considerations to aid in the puts and takes of the annual budgeting process where a Digital Transformation is in play.