Cycle time in days to prepare the financial forecast

This measure calculates the number of calendar days (including weekends) it takes to prepare the financial forecast. A financial forecast identifies internal and external trends, and anticipates the future financial status of the organization. This measure is part of a set of Cycle Time measures that help companies analyze the duration of the process "perform planning/budgeting/forecasting" from beginning to end.

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Measure Category:
Cycle Time
Measure ID:
100604
Total Sample Size:
3,883 All Companies
Performers:
25th
-
Median
-
75th
-
Key Performance
Indicator:
No

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Compute this Measure

Units for this measure are days.

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Cycle time in days to prepare the financial forecast

Key Terms

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Cycle Time

Cycle time is the total time from the beginning of the process to the end. This includes both time spent actually performing the process and time spent waiting to move forward.

Measure Scope

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Cross Industry (7.3.1)

  • 9.1.1.1 - Develop and maintain budget policies and procedures (10771)
  • 9.1.1.2 - Prepare periodic budgets and plans (10772)
  • 9.1.1.3 - Operationalize and implement plans to achieve budget (20135)
  • 9.1.1.4 - Prepare periodic financial forecasts (10773)
  • 9.1.1.5 - Perform variance analysis against forecasts and budgets (20136)