When was the last time you were thanked for the annual planning process? At best you have a situation where budget holders have been antagonized; at worst, budget holders who now flatly refuse to cooperate!
It is important for management to understand why a quick annual plan is a good annual plan. This is not particularly difficult as there are few managers who enjoy the process or find it rewarding and worthwhile. The difficulty is that while they will concur with the concept, getting them to change old and embedded bad practices requires a culture change.
In this seminar, you will learn how to:
- Convey the flawed logic of the traditional planning process (setting budgets at account code level, setting monthly budgets too soon, etc.).
- Recall the foundation of a quick annual planning process.
- Begin radically reducing your annual planning process.
Join David Parmenter, CEO of waymark solutions and author of Pareto's 80/20 Rule for Corporate Accountants, as he shows how you can complete your annual planning process in 10 working days … or less!
About David Parmenter
David Parmenter is the CEO of Waymark Solutions, a performance management company. He is an international presenter who is known for his thought-provoking and lively sessions, which have led to substantial change in many organizations. Parmenter is a leading expert in developing winning KPIs, replacing the annual planning process with quarterly rolling planning and converting reporting to a decision-based tool.
His work on KPIs has received international recognition. He has recently released 2 new books, Pareto's 80/20 Rule for the Corporate Accountant and Key Performance Indicators: Developing, Implementing, and Using Winning KPIs. His white paper titled The New Thinking on KPIs: Why You May Be Working with the Wrong Measures was the most read article on BetterManagement.com in 2005.
Parmenter has an in-depth understanding of better practices of corporate accountants across all sectors. He has worked for Ernst & Young, BP Oil Ltd., Arthur Andersen and Price Waterhouse. He is a member of the Institute of Chartered Accountants of New Zealand and is a fellow of the Institute of Chartered Accountants of England and Wales.
Parmenter has presented to more than 5,000 accountants covering Australia, Ireland, New Zealand and the UK. He has written more than 30 articles for accounting and management journals, including “Quarterly Rolling Planning – Removing the Barriers to Success,” “Throw Away the Annual Budget,” “Beware Corporate Mergers,” “Implementing a Balanced Scorecard in 16 Weeks,” “Convert Your Monthly Reporting to a Management Tool,” “Smash Through the Performance Barrier,” “Is Your Board Reporting Process Out of Control?” “Implementing Winning Key Performance Indicators” and “Quick Month-End Reporting.”
