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 [...]

Jun

21

Throw out the budget process, or at least radically alter it

June 21, 2007 | Leave a Comment

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!”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 [...]

Jun

15

How to implement a quarterly rolling forecasting on a planning tool – the lessons to learn

June 15, 2007 | Leave a Comment

“Many have had to rebuild the planning model within 18 months of its commissioning, as a better understanding of the planning tool and its capabilities comes to light”. In my article “Demolishing barriers to success” (March 2005) I said that quarterly rolling planning (QRP) is the most important management tool of this decade. I explained [...]

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