Matthew Felzke
Is Forecasting the Most Important Piece of your Planning Pie?

This article discusses the importance of forecasting in the context of planning processes.

I’ve written about Forecasting versus Budgeting before, but in the face of the apparent trend of forecasting becoming more and more popular and impactful, I wanted to examine its place in the task of planning.  Is it true that forecasting is the most important process for corporate performance management today – why or why not?  What is the difference between a business plan, a forecast, and a budget?  When should you be planning for your business, forecasting, and/or budgeting?  What does each entail?  This article will zoom in on planning today for your organization’s success in the future.

Continue reading