Long gone are the days when annual budget steered business decisions, with only predictable, minimal changes. With increasing competition and a volatile economic environment, companies need a better way to predict the future. As a result, new forecasting techniques have emerged to help anticipate changes and drive better informed strategic decisions.
Traditional forecasts take a structured approach to scoping uncertainties within a specific timeframe. Those predictions have a reasonable chance of being accurate. In today’s highly capricious GovCon environment, however, organizations are forced to be dynamic and adapt to changes to ensure their survival. Companies that don’t expect to encounter economic or political disturbance and operate via traditional annual budgets and forecasts are finding it increasingly difficult to generate plans and convey results that meet expectations, be they internal management objectives or external performance goals set by management, financial experts, or industry advisors.
In such the GovCon environment, chief financial officers need reliable and relevant insights into risks and opportunities. By embracing continuous planning and rolling forecasts, companies can remain nimble, energized, focused, and flexible in meeting both internal and external performance goals.
This white paper discusses the essentials for making rolling forecasts a reality:
To find out more about Rolling Forecasts and how we can help your organization reach the next level, contact us today.