Fast & Flexible Planning/Forecasting for the 21st Century

Learn how lean organisations have been able to produce the annual plan quickly, in less than two weeks, and eventually replace it with a quarterly rolling planning process. Learn about how rolling forecasting is the key to funding on a quarterly rolling basis, the setting of monthly budgets a quarter ahead, and meeting your banker’s and Board requirements.

Content Description

Annual planning, the two to three-month drama, is anti-lean and is preventing organisations from being future ready. Hence, the resulting monthly budgets bears no relevance to the actual results. Forecasting often occurs too frequently, is based on error prone spreadsheets and includes too much detail. The webinars will show you the way forward.

Session Highlights:

Session 1: Sorting out the annual planning process

  • The burning platform- why change is necessary.
  • Why setting funding and setting monthly budgets annually can never work in an era of rapid change.
  • The foundation stones and techniques of a fast and flexible planning process.
  • Useful planning report formats and templates.
  • Managing the planning process with daily scrums and a Kanban board.
  • Post-it re-engineering the planning process.
  • The two-week annual planning timetable.

Session 2: Establishing a quarterly rolling forecasting process

  • Setting monthly budgets from a quarterly forecasting process.
  • Foundation stones and techniques of a fast and flexible rolling forecasting process.
  • How to meet all your bankers’ and holding company requirements.
  • Why monthly reforecasting is unnecessary.
  • The one-week quarterly forecast timetable.
  • The need for a planning tool and why Excel spreadsheets should be limited to 100 rows.

Session 3: How to sell the change and get the green light for a planning tool

  • A three- step selling process.
  • 21st century forecasting and planning tools.
  • Steps to purchasing a planning tool.
  • Planning tool implementation case study.
  • The one-week quarterly forecast timetable.
  • Why monthly reforecasting is unnecessary.

Learning Outcomes

Upon satisfactory completion of this webinar you will be able to:

  • Streamline the annual planning process saving months of time.
  • Compose the planning process on best practices methodologies.
  • Implement an adaptive funding and target setting forecasting process.
  • Define the bankers’ and holding company planning requirements and successfully meet them.
  • Propose the need for change to the executive team and Board.
  • Acquire and implement successfully, an appropriate planning tool.


Reduce the time spent by the finance team and budget holders in annual planning while establishing a robust quarterly rolling forecasting process based on best practice. Also understand how to build your planning and forecasting model in a robust planning tool.


David Parmenter, author and international presenter, has been helping finance teams around the world, embrace rapid month-end and year-end reporting, adopt 21st century applications, and replicate better practice report formats for 20 years. John Wiley & Sons Inc have published his four books, including “The Financial Controller and CFO’s Toolkit” the previous edition being his book “Winning CFOs: Implementing and Applying Better Practices”, and “Key Performance Indicators – developing, implementing and using winning KPIs” (now in its third edition) David has worked for Ernst & Young, BP Oil Ltd, Arthur Andersen, and Price Waterhouse and is a fellow of the Institute of Chartered Accountants in England and Wales. He has spoken in 32 countries and has presented successful workshops and webinars for CAANZ for the last 20 years.


Topic: Corporate Finance

Sub-Topic: Business Planning & Analysis, Finance Management

Format: Recorded Webinar

Proficiency Level: Intermediate

CPD: Upto 4.5 hours