Jun
10
Extract from “Pareto’s 80/20 Rule for the Corporate Accountant” published by John Wiley & Sons Inc
Background
This sounds impossible yet it is achieved. It takes good organization and recognition that the annualplanning process is not adding value, instead it is undermining an efficient allocation of resources,encouraging dysfunctional budget holder behaviour, negating the value of monthly […]
Oct
17
Recent Reviews of my Pareto’s Book
October 17, 2007 | Leave a Comment
Excellent - Eddy Peach (Erie PA)
Great book, great ideas… inspiring! (or, at least as inspirational as you can get I guess, for a book about acctg)
Great practical advice - Damien Kelly (Chicago, USA)
I first came across David Parmenters work on [bettermanagement.com] where he has a number of artcles and webinars posted. What I like about […]
Jun
21
Companies in Asia, Europe, America and some in New Zealand are recognising that the existing budget process cannot continue. It has been with us, some say, since the Roman calendar was adopted by the western world. It is now seen by many that the budget process is a hindrance to management rather than a help. […]
Jun
19
How to implement quarterly rolling planning - and get it right first time
June 19, 2007 | Leave a Comment
“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!â€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 […]
Jun
18
Barriers to implementing a quarterly rolling forecast
June 18, 2007 | Leave a Comment
In earlier articles I promoted the use of quarterly rolling forecast forecasts, explained what they are and set out the lessons that organisation have learnt, the painful way. Now I wish to look at the implementation issues.
Whilst all implementations will be unique they should have many common features just like a fingerprint. This article will […]