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Rolling Forecast vs Traditional Budgeting

Rolling Forecast vs Traditional Budgeting

  Duration: 75 Minutes

Faculty: Carl Young      Level: All      Course ID: 1153


Rolling Forecasts are the wave of the future. They are rapidly replacing traditional budgeting. This webinar will outline and explain the critical differences and advantages of Rolling Forecasts over traditional budgeting. It challenges finance personnel and other managers to think outside the box and embrace the advantages of Rolling Forecasts.

Objectives of the Presentation:

  • Why Rolling Forecasts are critical in today’s turbulent environment
  • Using key business drivers & cash to influence and impact the future
  • The use of technology in Rolling Forecasts
  • Using “what if” analogies to validate forecasts
  • Focusing on future possibilities rather than past events to manage resources
  • Pitfalls to prevent successful implementation of Rolling Forecasts
  • Selling the culture changes to make rolling forecasts acceptable

Why Should you Attend:

The current technology driven turbulent business environment presents many challenges to business managers. One primary challenge is the ability to predict and plan for the future which is unexpectedly unpredictable. Changes are constant. Companies struggle constantly to find ways to manage resources and find ways to thrive and survive in this turbulent business environment. Traditional budgeting has been overtaken by these constantly changing events and is currently outdated and irrelevant for the following reasons:

  • Too time consuming
  • Based on assumptions that may not be valid
  • Focuses on past events rather than future possibilities
  • Creates a use it or lose it mentality of resource management
  • Restricts creative thinking in resource management

Areas Covered:

  • What are Rolling Forecasts and why they are important
  • Definition of key business drivers as the basis for rolling forecasts
  • 5 core components of Rolling Forecasts with explanations and illustrations
  • Using “what if” analogy to forecast the future
  • Use of technology in Rolling Forecasts
  • Illustration and samples of Rolling Forecasts with RF planning tools
  • Making it happen-moving from budgeting to rolling forecasts
  • The relevance of cash as a key business driver
  • Benefits of Rolling Forecasts
  • Human side of Rolling Forecasts-selling the concept

Who will Benefit:

  • CFO
  • COO
  • Controllers
  • Accounting Managers
  • Budget and Resource Managers
  • Financial Analyst
  • Budget Analyst
  • Business Owners
  • Entrepreneurs
  • Anyone responsible for cost centres and other resource departments divisions etc

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Finance and Accounting Consultant