All we really know is the past, but all that really matters is the future. How can you take the historical knowledge you have about your company, its performance, your competitors, your industry and the economy to help your company plan for the future? In this session, John F. Levy will examine current budgeting and forecasting best practices as well as the critical roles of strategic planning and risk management in developing best projections. He will look at the many uses of projections from cash management to compensation.
*Discuss why budgeting is essential for every enterprise and why the risk we don't know might be the most important
*Explore the critical roles of strategic planning and risk management in developing best projections
*Discover the many purposes and types of budgets and projections and how the many uses of budgets and projections can cause distortions
*Learn how budgets affect actions and how to avoid common budgeting mistakes
*Discuss how to project revenue and expenses and how benchmarking and metrics have changed the budget process
*Strategic Planning
*Forecasting
*Risk Management
*Projections