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The 8 myths around annual planning

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, […]

By |February 18th, 2020|Comments Off on The 8 myths around annual planning

Checklist to Streamline the Annual Planning Process Into Two Weeks

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 […]

By |December 30th, 2019|Comments Off on Checklist to Streamline the Annual Planning Process Into Two Weeks

Five annual planning steps that support the eight annual planning foundation stones

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 […]

By |December 30th, 2019|Comments Off on Five annual planning steps that support the eight annual planning foundation stones

The Eight Foundation Stones of an Rapid Annual Planning Process

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 […]

By |December 30th, 2019|Comments Off on The Eight Foundation Stones of an Rapid Annual Planning Process

Articles

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.

For full article click here

How to implement quarterly rolling planning – and get it right first time

“Quarterly rolling planning (QRP) is the […]

By |June 25th, 2013|Comments Off on Articles

Having Annual Planning Nightmares. (Late nights in the office, Errors, Too much detail ) Buy this ground breaking whitepaper

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 […]

By |January 27th, 2013|Comments Off on Having Annual Planning Nightmares. (Late nights in the office, Errors, Too much detail ) Buy this ground breaking whitepaper