Jun

15

Is your budgeting process adding value to your company?

June 15, 2007 | Leave a Comment

Vast amounts of management and accountants’ time are invested right across the country in this exercise. Yet, within months the whole exercise is revisited, and then forecasts are performed. Have you ever worked out how much is invested in the budget process? We estimate that for a hypothetical company with 500 staff, the personnel costs [...]

Jun

13

Nine Lessons When Implementing a Quarterly Rolling Forecast on a Planning Tool

June 13, 2007 | Leave a Comment

A recent study done in America indicated that over 80% of the organisations were expecting to have a rolling forecast in place in 2005. Why are our cousins in America so keen on a rolling forecast? I believe it is one of the most important management tools that has been greatly under estimated here in [...]

Jun

11

Action meetings and other major management breakthroughs

June 11, 2007 | Leave a Comment

Management today are ensnared by many time wasting traps. Fortunately a few enlightened organisations around the world are forging a pathway for us to observe and follow. The time wasters I want to address are: morning meetings unproductive meetings unnecessary travel the annual planning process rewriting Board papers monthly performance reporting handling emails Let’s take [...]

Jun

8

Article: Creating a dashboard for the Board

June 8, 2007 | Leave a Comment

David Parmenter states “Since the Board’s role is clearly one of governance and not of management it is, I believe, inappropriate to be providing the Board with the KPIs.” There is a major dilemma in most organisations that have boards over what information is appropriate for the Board, and what is not. In an earlier [...]

Jun

7

Convert your monthly reporting to a decision based tool

June 7, 2007 | 1 Comment

Many management reports are not a management tool, they are merely memorandums of information. Management reports as a management tool help with the alignment of behaviour in that the reports encourage action to take place, on a timely basis and in the correct direction. In other words, you need to measure and report on those [...]

« go back — keep looking »