The document summarizes Össur's journey from a traditional annual budgeting process to adopting a Beyond Budgeting approach. It describes how in 2009, large budget variances initiated a project to search for improved forecasting methods. This led to discovering Beyond Budgeting in 2010. After several years of implementation efforts, Össur abandoned the annual budget in 2013 in favor of a rolling 5-quarter forecast focused on key metrics and trends rather than budgets. The new approach shifted focus from past budgets to the future and improved planning, cost control, and organizational alignment.