An Annual Plan in Two Weeks or Less

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An Annual Plan in Two Weeks or Less

USD $250.00 USD $200.00

Streamlining annual planning processes so the organization can move across to a rolling planning regime. This toolkit covers the foundation stones of a quick forecasting and planning process, the processes you need to adopt and how to sell this change to the senior management team. This comprehensive toolkit comes with electronic templates including selling the change powerpoints, implementation checklists, examples of forecasting and planning tools, and a comprehensive list of planning software to assist you with implementation. I have spent around US$50,000 developing and updating this toolkit. I guarantee, you will save many times the cost of the toolkit. Priced in US Dollars.

Please click here to look inside the toolkit.

Product Description

Please click here to look inside the toolkit.

For a number of years, corporate accountants have been questioning the validity of spending months on an annual planning process which is out of date before the ink has dried. An annual planning process is not worth more than two weeks of effort, so why are we spending months on it? 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 – through quarterly rolling forecasting and planning.

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 unique implementation toolkit comprise my latest thinking on the subject matter. The toolkit contains 50 pages designed to help readers to radically change the next planning cycle. This toolkit covers the foundation stones of a quick forecasting and planning process, the processes you need to adopt and how to sell this change to the senior management team. This comprehensive toolkit comes with electronic templates including selling the change powerpoints, implementation checklists, examples of forecasting and planning tools, and a comprehensive list of planning software to assist you with implementation. I have spent around US$50,000 developing and updating this toolkit. I guarantee, you will save many times the cost of the toolkit. 

Why you need this toolkit:

  • To understand how monthly targets (budgets) can be set later
  • Understand the foundation stones that radically shorten your annual planning process to 2 weeks
  • Apply the checklists and templates designed to help you to implement QRF
  • Avoid the common implementation pitfalls
  • To help sell change to your management (selling presentation template included).

Table of Contents:

1      Background…………………………………………………………………………………………… 3

Leaving a Legacy……………………………………………………………………………………….. 3

Getting the Balance of Work Right…………………………………………………………………… 3

The Costs of a Draw out Annual Plan………………………………………………………………… 4

A Quick Annual Plan Is a Good Annual Plan………………………………………………………… 5

2      The Foundation Stones of an Annual Planning Process…………………………………………. 6

Separation of Targets from the Annual Plan………………………………………………………… 6

Bolt Down Your Strategy Beforehand………………………………………………………………… 6

Avoid Monthly Phasing the Annual Budget………………………………………………………….. 7

The Annual Plan Does Not Give an Annual Entitlement to Spend………………………………… 7

Budget Committee Commits to a “Lock-up”………………………………………………………… 8

Planning At a Detailed Level Does Not Lead To a Better Prediction of the Future……………… 9

CEO Makes a Fast Timeframe Non Negotiable……………………………………………………… 9

Built in a Planning Application – Not in Spreadsheets……………………………………………. 12

3      Efficient Annual Planning Processes……………………………………………………………… 14

Hold a Focus Group Workshop to get the go ahead………………………………………………. 14

Some tips on running a ‘post-it’ re-engineering session…………………………………………. 16

Forecasting Demand by Major Customers by Major Products…………………………………… 17

Pre-Work: On the Annual Planning Model…………………………………………………………. 19

Expand Your Team As Budget Holders Will Need One-To-One Support……………………….. 21

Hold a Briefing Workshop Instead Of Issuing Budget Instructions…………………………….. 21

Budget Committee in Five Day Lock-Up……………………………………………………………. 22

Have One Page Summary for Each Budget Holder……………………………………………….. 22

4      Selling the Change to the SMT, Finance Team and Board…………………………………….. 24

The elevator speech………………………………………………………………………………….. 24

The sales presentation……………………………………………………………………………….. 24

Selling a Quick Annual Planning Process through the “Emotional Drivers”……………………. 25

5      Establishing the monthly budgets………………………………………………………………… 27

The quarterly process (based on a June year-end)………………………………………………. 27

6      Budget Holders Reports……………………………………………………………………………. 31

The Redesigned Month-End Report…………………………………………………………………. 31

Suggested Budget holder’s Annual Report………………………………………………………… 32

7      Writer’s biography………………………………………………………………………………….. 35

Appendix 1 Useful Letters………………………………………………………………………………. 36

Appendix 2 Streamlining an Annual Planning Process Checklist………………………………….. 39

Appendix 3 Examples of a Planning Tool…………………………………………………………….. 41

Appendix 4 Suggested Sales Pitch to the Board…………………………………………………….. 44

Appendix 5 Delivering bulletproof PowerPoint presentations……………………………………… 48

 

 

Thank you for your interest in the intellectual property I have developed. I will send you the electronic media you have purchased as soon as I have received confirmation from PayPal.