FP&A Predictive Analytics and Scenario Planning represent a truly powerful force for dealing with uncertainty, complexity, and risk. Watch the full recording of the UK&Ireland Board to learn more about the key factors that are needed for the successful implementation of Predictive Planning and Scenario Planning.
In this environment of ‘unknown unknowns’, the future is becoming more and more difficult to predict. Traditional management accounting methods based on historical data alone are no longer sufficient for planning and forecasting. Scenario Planning can help us overcome this challenge.
Traditional management accounting methods are no longer sufficient in the environment of “Unknown Unknowns”. To help navigate this challenge, we must turn to Scenario Planning to guide us.
The COVID-19 pandemic has forced many companies to revise their strategies and budgets in preparation for the "new normal". In times of such unprecedented uncertainty, complexity and risk, Scenario Planning and Predictive Planning processes came to the forefront of the management teams and FP&A professionals.
The Digital Pan-Australian FP&A Board will be held on the 26th of October at 4:30 PM AEDT to discuss how to manage risks and opportunities of Rolling Forecast and Scenario Planning.
If the last year has taught us anything, traditional financial planning and analysis approaches did not work (or at least proved suboptimal) when navigating through uncharted landscapes. The pandemic forced FP&A practitioners to reassess and adapt our approach to planning, forecasting, and bringing to the forefront the importance of scenario planning.