How Performance Management Can Help You to Navigate Through Turbulent Times: Know Where You're Going in the Near-Term
Continuous planning and rolling forecasts are the keys to managing the future and keeping 'In control'. It is also a change that is uncontroversial and can be made without fanfare and directives. Most importantly, it is a key step in convincing senior executives to let go of the old annual planning and budgeting system with its time consuming revisions. It fills the gap between the coordination elements of budgeting and the more dynamic elements of real-time management. Forecasting also plays a key role in managing cash flows and investments by informing executives of available resources so they can turn the flows of investment funding on or off.