Cycle time in days to update/revise the rolling forecast

This measure calculates the number of calendar days (including weekends) it takes to update/revise the rolling forecast. A rolling forecast requires regular updates to forecast figures, and may or may not replace traditional budgeting. 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.

Benchmark Data

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Measure Category:
Cycle Time
Measure ID:
100635
Total Sample Size:
2,408 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 update/revise the rolling forecast

Key Terms

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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)