:: Forecasting for Profit

Forecasting for Profit

You’ve been tapped to create the forecast process for your division.  Now what? Even if you understand the basics, what can you do to make the process faster? More efficient? Cleaner? More accurate? Just better? We’ll discuss best practices in budgeting and forecasting, along with some tips and tricks to make your product the best it can be. This course is a facilitated walk-through of the forecasting process using one division’s product or service. 

Course Objectives

  • Linking the forecast to the strategic plan
  • Planning for the short-term and long-term
  • Forecasting and maximizing revenues
  • Forecasting and minimizing expenditures
  • Identifying variables and assumptions that impact revenues and expenditures
  • Identifying drivers of performance results
  • Diagnosing the root causes of not meeting forecast and responding promptly

Who Should Attend

  • Directors
  • Managers and Supervisors responsible for forecasting and budgeting to maximize profitability

top of page