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