5 Questions
What is necessary for effective planning?
Dynamic forecasting and "what-if" modeling
What provides a trended view of performance?
Rolling forecasts
What helps understand the impact of external market business drivers and internal initiatives?
Multi-year planning
What gives managers visibility into financial plans?
Detailed budgets
What is imperative for effective planning?
Aligning plans, models, and budgets
Study Notes
- Planning across multiple time horizons is important.
- Historical run-rates are not reliable for future performance.
- Dynamic forecasting and "what-if" modeling are necessary.
- Aligning plans, models, and budgets is imperative.
- Rolling forecasts provide a trended view of performance.
- Multi-year planning helps understand the impact of external market business drivers and internal initiatives.
- Detailed budgets give managers visibility into financial plans.
- Refinements are made collaboratively with each department.
- All plans must be kept in sync using the same assumptions.
- This supports informed decisions.
Learn about the importance of planning across multiple time horizons, dynamic forecasting, aligning plans with budgets, rolling forecasts, multi-year planning, and collaborative refinements for informed decision-making.
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