Planning, Budgeting, and Forecasting Process Maturity

Published On:
March 13, 2024
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Strategic plans, budgets, and forecasts are key tools in making informed—and advantageous—decisions, so they are logical and rewarding organizational starting points for process optimization. Whether organizations are just refining or totally rehauling these key processes, APQC recommends ensuring that process improvement isn’t a one-time event. To avoid fragmented and random acts of improvement, continuous improvement should be an ongoing responsibility to ensure the best possible results.

Excerpted from APQC’s 2021 edition of Blueprint for Success: Planning, Budgeting, and Forecasting, this article details how finance systematically approaches process maturity in planning, budgeting, and forecasting.