One of the most important things when revising a budget is to clearly communicate the reasons behind the changes. Whether it's due to shifting priorities, external financial constraints, or a strategic pivot, explaining the why helps your team understand the bigger picture. This transparency prevents confusion and helps avoid resentment or skepticism. Budget revisions are a collaborative process. Encouraging team members to provide input can bring new insights, foster innovation, and help identify areas where resources can be used more efficiently. When it comes to implementing budget changes, assigning clear ownership of specific tasks helps ensure accountability,

Um revisão de orçamento em função de mercado geralmente é uma solicitação de cima para baixo, neste caso cabe uma comunicação clara e transparente dando prioridade a projetos estratégicos e formalizando o motivo da decisão.

Involving your team during market volatility and budget revisions requires clear communication and collaborative decision-making. Start by explaining the situation and its impact on the budget to ensure everyone understands the stakes. Host regular team meetings to gather input and brainstorm solutions. Assign responsibilities to team members based on their expertise to optimize resource allocation. Encourage transparency by sharing financial data and updates regularly. Foster a culture of flexibility and adaptability, where team members are empowered to propose cost-saving measures and efficiency improvements. Recognize and reward contributions to maintain morale and commitment.

Market volatility is a wake-up call for every leader, forcing us to rethink budgets. How do you get your team on board with this? First, let them know why changes are happening. When they understand the why, they're more invested. Then, give them a voice. Encourage suggestions, so they feel part of the solution. Lastly, make roles crystal clear. Each person should know what they own in this revision process. I’ve seen teams succeed when these steps are followed—ownership creates momentum. In tough times, clarity, inclusion, and accountability will make all the difference.