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Livefutureready

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Cpe webinars
Effective Scenario Planning Workshop

EFFECTIVE SCENARIO PLANNING WORKSHOP

Cost $250.00
CPE Credits 4.0 hours
CE Credits 0.0 hours
Course Level Basic
Instructional Method Group Internet Based
Prerequisites None
Advanced Preparation None
Course Description

The continuing uncertainty caused by COVID-19 has led many accountants to realize that traditional budgeting fails to meet management’s business needs. Many have tried to turn to scenario planning to help deal with uncertainty and fast-changing circumstances. But scenario planning only helps if implemented correctly. This hands-on workshop shows you how to effectively implement scenario planning in your organization.

Attendees will review the basic seven-step implementation process, explore what upside and downside scenarios should be considered, and discuss how to prioritize which should be planned first. They will also examine the role of leading indicators and how to develop early warning systems to help anticipate needed actions. The hands-on activities will help identify your needed action plans to prepare for rapid response as scenarios develop and how to find and close any gaps in your game plans. Finally, the group will discuss how to integrate scenario planning into your overall planning process to ensure a higher return on your planning activities including learning how to “become future-ready.”

Learning Objectives:


  • Determine how to utilize forward-looking tools such as driver-based rolling forecasts, league tables for relative performance measures, and dynamic resource allocations

  • Recall the process of developing rolling forecasts

  • List the five attributes of diamond-level forecasting and evaluate over a dozen design decisions that are key to structuring effective rolling forecasts

Linkedin

Steve Player

Live Future Ready
Founder and Implementation Director
steve@theplayergroup.com

Livefutureready

Steve Player serves as the Managing Director of Live Future Ready. He also leads the Beyond Budgeting Round Table North America (BBRTNA), working with companies to implement continuous planning processes. Steve has over 30 years of experience in improving performance management. He is the co-author of Future Ready: How to Master Business Forecasting and Beyond Performance Management and five other books. Steve interviews CFOs for the CFOThoughtLeaders.com website, discussing innovative finance and planning processes.

Frequently Asked Questions
  • To receive CPE credit, you must register for the webinar before it starts.
  • CPE is available to all eligible participants within 24 hours of each webinar.
  • To receive CPE for multiple attendees, at least one person must sign up for the webinar. The post-webinar email contains a link to instructions for the proctor letter. Alternatively, you may log in to your account following the webinar and click on the MY ACCOUNT button to find a link to instructions. For paid courses, payment needs to be made for each attendee before credit will be issued.
Nasba

NASBA Approved

CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

CPAacademy.org 1685 S. Colorado Blvd, Suite #205, Denver, CO 80222

About Our Presenter

Livefutureready
Live Future Ready expresses our ambition of helping organizations prepare and be ready for whatever comes. We cannot perfectly predict the future. But if you stop doing the "dumb stuff" required for traditional budgeting you create time to do forecasting and scenario plans that create contingency plans for whatever comes.