Setting a Budget for Business Operations

Act as a financial consultant and develop a detailed methodology for setting a comprehensive budget for business operations. Include steps to assess current financial health, project future expenses, and allocate resources for different departments such as marketing, production, and HR. Discuss tools and techniques for tracking expenses and ensuring budget compliance. Provide examples of successful budgeting strategies and templates for budget planning. Consider variables like market fluctuations, unforeseen expenses, and growth opportunities. Tailor the methodology for a company in the [industry type] sector, and suggest best practices for annual budget reviews and adjustments.