Planning is essential, not because what is plan is going to happen but because what is about to happen can be considered against what was planned
Every year Organizations Go through a planning cycle to formulate the Business Plans which is then revised every quarter / every month with a Forecasting Process
Organizations frequently put their business plans together for the next year, which is followed by forecasting of those plans every month or quarter based on the business landscape.
“PLANNING IS ESSENTIAL NOT BECAUSE WHAT IS PLANNED IS GOING TO HAPPEN BUT BECAUSE WHAT IS ABOUT TO HAPPEN CAN BE CONSIDERD AGAINST WHAT WAS PLANNED”. ~ Umesh Biyani This is where the variance reporting plays an important role in explaining the causes behind what was planned & what has happened. Historically Businesses would be using Variance Report which would look … Read more
In case if you have just made the submission of your Business Plan for the current financial year or are going to do so but having a night mare of the challenging process.
As the world in which we operate today has become increasingly more complicated than ever before especially the processes deployed to arrive at the Business Plans.
Most of the Today’s Businesses either make use of Spreadsheets or some sort of Software for Planning Purposes. As the Businesses evolves most of time the spreadsheets or traditional systems does not stand the test of the time. In Organizations, there are planning process taking place at any time as depicted in graphics below: In … Read more