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Forecasting is critical to the success of any organization.  Implementing a rolling forecast can have some very attractive benefits but comes with some potential pitfalls as well.

In this course, Matt Justice, an experienced Controller, provides some of his favorite best practices that have contributed to the success of implementing rolling forecasts in several organizations.

Although not a comprehensive list, these best practices cover many of the aspects that must be addressed when implementing a rolling forecast.  Whether you are planning for your first rolling forecast or are an experienced forecaster just looking for some fresh ideas, your organization can benefit from the implementation of some of these proven best practices.

Learning Objectives

  • Explore the benefits of implementing a rolling forecast in your organization.
  • Identify approaches to maximize the likelihood of a successful implementation.
  • Discover what to consider in selecting a forecasting software solution.
Last updated/reviewed: November 15, 2019

4 Reviews (17 ratings)Reviews

5
Member's Profile
Very good coverage of the rolling forecast including the why behind doing it. Specific steps to take, areas to avoid, and tools to make it successful. Well done!
4
Anonymous Author
Content was thorough and informative. Instructor was engaging and knowledgeable on the subject matter.
5
Anonymous Author
I like the way this course was presented in 15 bullets essentially.
4
Member's Profile
Good Course. I recommend all users to take this course

Prerequisites

Course Complexity: Intermediate

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  3:57Introduction & Rolling Forecast vs. Traditional Annual Budget
  1:20Best Practice #1: Get Buy Early On
  6:13Best Practice #2: Thorough Analysis of Potential Key Drivers
  2:56Best Practice #3: Become A True Business Partner
  5:22Best Practice #4: Think Hard About Frequency of Updates and Forecast Time Horizon
  2:10Best Practice #5: Scrub Your Data
  1:34Best Practice #6 & #7
  5:39Best Practice #8: Deep Understanding of Statistical Techniques and Predictive Models
  2:52Best Practice #9 & #10
  3:59Best Practice #11 & #12
  2:17Best Practice #13: Continuous Improvement
  3:15Best Practice #14 & #15
  1:39Recap
CONTINUOUS PLAY
  43:1415 Best Practices of Implementing a Rolling Forecast
SUPPORTING MATERIALS
  PDFSlides: 15 Best Practices of Implementing a Rolling Forecast
  PDF15 Best Practices of Implementing a Rolling Forecast Glossary/Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM