Podcast
Questions and Answers
What is necessary for effective planning?
What is necessary for effective planning?
What provides a trended view of performance?
What provides a trended view of performance?
What helps understand the impact of external market business drivers and internal initiatives?
What helps understand the impact of external market business drivers and internal initiatives?
What gives managers visibility into financial plans?
What gives managers visibility into financial plans?
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What is imperative for effective planning?
What is imperative for effective planning?
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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.
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Description
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.
