Answer:
Budgeting
Explanation:
Budgeting is the process of balancing your expenses and income. It involves creating a spending plan that allocates income effectively to different activities of an entity.
Creating a budget help in meeting set objectives of a business by assigning funds to the most relevant activities per time.
In this scenario the oil and gas businesses require large upfront investments against long-term paybacks.
So they need to create very long range forecasts about energy in order to understand the risk from these paybacks.
This is called budgeting
