{"id":13011,"date":"2011-05-03t21:29:12","date_gmt":"2011-05-04t01:29:12","guid":{"rendered":"https:\/\/48e130086c.nxcli.net\/?p=13011"},"modified":"2015-10-24t19:23:08","modified_gmt":"2015-10-24t23:23:08","slug":"good-bye-annual-budget-hello-rolling-forecast","status":"publish","type":"post","link":"\/\/www.g005e.com\/2011\/05\/03\/good-bye-annual-budget-hello-rolling-forecast\/","title":{"rendered":"good-bye annual budget. hello rolling forecast"},"content":{"rendered":"
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via cfo.com<\/figcaption><\/figure>\n

world moving too fast to plan even a year ahead.<\/strong><\/p>\n

so an increasing number of companies are abandoning the age-old tradition of annual budgeting and adopting instead a system of constantly updated forecasts. they call them rolling forecasts,\u00a0flexible budgets, or event-driven planning. but they aren’t annual budgets.<\/p>\n

cfo.com \u00a0cites as examples: unilver, norton lilly international, statoil, and american century investments.\u00a0“meanwhile, other companies continue to execute a budget but, for the most part, manage the business without it,” russ banham reports. “call it a sign of the times, literally.”<\/p>\n

read more →<\/a><\/strong><\/p>\n