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The 8 myths around annual planning
Myth 1: There is a need to set annual targets
It is a myth that we know what good performance will look like before the year starts and, thus, it is a myth that we can set relevant annual targets. In reality, as former CEO of General Electric, Jack Welch says, […]
Many accountants find themselves having to maintain an annual planning process even though they would rather be doing quarterly rolling planning. This checklist is designed to help make the antiquated process quicker and at the same time plant the seed for quarterly rolling planning. This checklist assumes you have a robust planning tool.
Key tasks
Is it […]
These Five Efficient Annual Planning Processes Support The Eight Annual Planning Foundation Stones
1. Hold a Focus Group Workshop to get the go ahead
A focus group needs to be formed. The workshop is important for a number of reasons:
moving from 4 months to 2 weeks will have many doubters, we need to ensure all likely […]
There are eight foundation stones that need to be laid before we can commence a project on reducing the annual plan to two weeks.
Separation of targets from the annual plan
Bolt down your strategy beforehand
Avoid monthly phasing the annual budget
The annual plan does not give an annual entitlement to spend
Budget committee commit […]
Quarterly Rolling Forecasting – the ten foundation stones
Quarterly Rolling Forecasting is one of the most important management tools of this decade and is a process that will revolutionise any public or private sectore organisation.
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How to implement quarterly rolling planning – and get it right first time
“Quarterly rolling planning (QRP) is the […]
Having Annual Planning Nightmares?
(Late nights in the office, Errors, Too much detail)
Buy this ground breaking whitepaper
Annual Planning Process is Wrong as Soon as the Ink is Dried
The annual planning process is part of the trifecta of lost opportunities for a corporate accountant. The other two being the year-end accounts and the monthly accounts processes. All three […]
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