Quarterly rolling planning (QRP) is the most important management tool of this decade and is a process that will revolutionise any public or private sector organisation!
QRP removes the four main barriers to success that an annual planning process erects. An annual funding regime where budget holders are encouraged to be dysfunctional, a reporting regime base around monthly targets that have no relevance, a three month period where management are taken away from making money, and the remuneration system based on an annual target. The only thing certain about an annual target is that it is definitely wrong, it is either too soft or too hard for the trading conditions.
The critical building block for the QRP is the quarterly rolling forecast. This article is part of a series that will explain why QRP is the most important management tool of this decade and why the rolling forecasts of the past are a different beast to the 21st century QRP.