Rolling Forecasts: Future Data Based Budgeting. Best Practices, Five Core Components, Key Business Drivers, “What If” Analogies and More
OVERVIEW The current technology driven turbulent business environment presents many challenges to business managers. One primary challenge is the ability to predict and plan for the future which is unexpectedly unpredictable. Changes are constant. Companies struggle to find ways to find manage resources and find ways to thrive and survive in this turbulent business environment. Traditional budgeting has been overtaken by these constantly changing events as it is currently outdated and irrelevant for the following reasons: Too time consuming Based on assumptions that may not be valid Focuses on past events not future possibilities Creates a “use it” or “lose it” mentality Restricts creative thinking in resource management WHY SHOULD YOU ATTEND Rolling forecasts are the wave of the future. They are rapidly replacing traditional budgeting. This webinar discusses rolling forecast vs. traditional budget and outlines the critical differences and adva...