Leveraging Predictive Analytics in Management Control for Planning, Forecasting, and Budgeting: A Literature Review

DOI

10.2991/978-94-6463-892-9_6How to use a DOI?

Keywords

Artificial intelligence; predictive analytics; management control; budgeting; forecasting; systematic literature review

Abstract

Management control systems are increasingly challenged by the complexity of data-driven decision-making, necessitating advanced methodologies to enhance planning, forecasting, and budgeting processes. This systematic literature review, examines the integration of predictive analytics into management control frameworks. By analyzing peer-reviewed studies from Scopus and Web of Science, the study identifies key trends, methodologies, and theoretical contributions in the field. Bibliometric and content analyses reveal a growing emphasis on quantitative approaches, with applications spanning anomaly detection, cost estimation, and strategic forecasting. Findings underscore the transformative potential of predictive analytics in improving accuracy, operational efficiency, and strategic alignment, while also identifying persistent challenges, including data quality and infrastructure limitations. The review contributes to theoretical discourse by mapping research trajectories and offers practical insights for organizations seeking to adopt AI-driven tools. Future research should address scalability, sector-specific adaptations, and the interplay between predictive analytics and organizational workflows to advance management control practices in dynamic environments.

Copyright

© 2025 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Abdelaziz Ourrani
AU  - Nawal Ilahiane
AU  - Abdellatif Aziki
AU  - Houcine Khinibilla
AU  - Moulay Hachem Fadili
PY  - 2025
DA  - 2025/11/17
TI  - Leveraging Predictive Analytics in Management Control for Planning, Forecasting, and Budgeting: A Literature Review
BT  - Proceedings of the International Conference on Multidisciplinary Research in Management and Economics (ICMRME 2025)
PB  - Atlantis Press
SP  - 78
EP  - 95
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-892-9_6
DO  - 10.2991/978-94-6463-892-9_6
ID  - Ourrani2025
ER  -