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Quarterly rolling forecasting (QRF) is a process where management sets out the required revenue and expenditure for the next 18 months. Each quarter, before approving these estimates, management sees the bigger picture six quarters out. All subsequent forecasts, while firming up the short-term numbers for the next three months, also update the annual forecast. Budget holders are encouraged to spend half […]
The 14 Foundation stones of a quarterly rolling forecast process
By David Parmenter
Quarterly rolling forecasting is a process that will revolutionize any organization, whether public or private sector. It removes the major problems that are associated with annual planning including:
An annual funding regime where budget holders are encouraged to be dysfunctional building silos and barriers […]
Seven tips to speed up planning and forecasting
By David Parmenter
In the past accountants have tried in vain to budget at an ever more detailed level to somehow see into the future. It was and is now still a pointless exercise. We need to acknowledge that it will be wrong so let’s get it wrong quicker! […]
The workshop is important for a number of reasons:
there are many pitfalls in such a project and many have failed to deliver
a wide ownership is required and a focus group can have a huge impact on the selling process
the foundation stones need to be understood and put in place early on in […]
Groundbreaking Toolkit (100 page whitepaper +Etemplates) That Fixes Forecasting Nightmares – (Late nights, errors, too much detail)
David Parmenter’s articles.
Does this sound familiar? If so, read:
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The 14 Foundation stones of a quarterly rolling forecast process
Seven tips to speed up planning and forecasting
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4 rules for accurate […]
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