An annual planning process is not worth more than two weeks of effort, so why are we spending months on it? Quotes David Parmenter

Companies in Asia, Europe, the US, Australia and New Zealand are recognising that the existing annual planning process cannot continue. It has been with us since the Roman calendar was adopted by the West and is now seen by many as a hindrance to management rather than a help. An international survey found that nearly 90% of CFOs were dissatisfied with their annual planning process.

What CFOs and management accountants need to know is how to cut the time out of the existing annual planning process and at the same time prepare the way to managing the business in a more appropriate way.

Existing annual planning processes encourage budget holders to be dysfunctional, undermines the reporting regime as the monthly budgets have no relevance, and involves management in a three month period where management are taken away from making money.

This course will explain the two weeks process, the key steps, and show how this will lead to the natural progression of a quarterly rolling planning process (QRP). Do not miss out, book early.


  • the flawed logic of the traditional planning process ( setting budgets at account code level, setting monthly budgets too soon etc)
  • the foundation stones of a quick annual planning process
  • the two week process – step by step
  • a checklist to get this done
  • how to implement this within existing system constraints
  • how to set monthly targets which are more meaningful to BHs, Management and the Board
  • selling strategies to move to a two week annual planning cycle

Benefits of attending

Upon attending you will be able to:

  • understand and apply the building blocks to radically shorten your annual planning process to 2 weeks!
    • understand how monthly targets (budgets) can be set later
    • sell this change based around the emotional drivers
    • start the change process next week!

Target Audience:

  • CEOs, GMs, finance directors, CFOs or financial controllers who want to an efficient annual planning process
  • Financial accountants and management accountants working on the annual planning process

Event Organizers and Professional bodies

If this course is relevant to your clients / members, please complete the enquiry form or email to

Booking an in-house course

If you have over eight staff that would benefit from this course, it is financially viably to run this in-house. Please complete the enquiry form or email to


David Parmenter travels on at least five major speaking tours a year. It is highly likely that a mutually convenient date can be found.