Aug
21
Questions and Answers – August 21, 2007
August 21, 2007 | Leave a Comment
Just finished Pareto’s 80/20 and thought it excellent. However, one issue I did not see addressed here or in your other writings was how to address performance management with rolling plans/forecasts. In a traditional system there is a fixed contract as you call it and how you perform against it determines your rewards. How does [...]
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 [...]
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 [...]