The term “continuous planning” may conjure up images of never-ending meetings in which nothing gets accomplished, but Ventana Research uses it to describe a highly collaborative, action-oriented approach to corporate planning built on frequent, short planning cycles. This style of planning enables organizations to enhance the relevance and accuracy of their plans for three reasons. One is that this is an integrated operational and financial plan rather than a budget. The second is that it is high- participation planning, which creates a single, integrated view of individual departmental or business- unit plans. The third is that plans are created and updated frequently using very short cycles with a rolling-time horizon focused on key drivers rather than a highly detailed, time-consuming bottom-up process.
Continuous Planning Provides Action, Agility and Accuracy
Fill out the form to continue reading
About the Author
SVP and Research Director
Robert Kugel is responsible for the Office of Finance and business research, focusing on the intersection of information technology with the finance organization and business. His research agenda includes the application of IT to finance and business process optimization, looking particularly at ERP and continuous accounting, financial performance management, predictive planning, price and revenue management, revenue and lease accounting and robotic finance.