Driver based planning deloitte university

Driverbased planning uses key business and value drivers to create business plans and budgets, and to model different business scenarios. Chris expertise in finance transformation and analytics has made him a trusted advisor to organizations on key initiatives ranging from driver based planning to. But to get even more value from driverbased forecasting you need an integrated platform. Deloitte provides audit, tax, consulting, and financial advisory services to public. Scenariobased planning using econometric analysis can enhance the competitive advantage of a business and position an organization to be better able to adapt to an everchanging business environment. How to use driverbased planning to improve performance. As an exinvestment banker having joined a finance team the concept of drivers when talking about a forecast. A synchronized planning and fulfillment strategy can help your business reconfigure its supply chain planning and fulfillment ecosystem, allowing your organization to continually optimize. Implementing driverbased forecasting is something you can set up in a spreadsheet environment for the purposes of scenario analysis with a very small, limiteduse footprint. View amie wei lius profile on linkedin, the worlds largest professional community. Worries over the future of the eurozone have been a consistent theme in the cfo surveys conducted globally by deloitte s member firms. How to identify key drivers that have the most influence over company performance.

How might driverbased forecastingan approach that bases financial forecasts on operational driverssupport. Best practices for developing an insightful driver based planning process. Barrett then demystified what is actually required to deliver driverbased budgeting and planning. Driverbased planning is an approach to planning and management that is focused on identifying an organizations key business and value drivers and then creating business plans and budgets based on these key drivers. Babies, bathwater, and best practices rethinking planning. Amie wei liu senior consultant strategy operations. Utilizing business intelligence supported, driverbased rolling forecasting can align an. Driver based forecasting allows users to effectively predict and estimate business drivers and immediately evaluate the financial impacts of those decisions. Samrat chakraborty managing director deloitte linkedin. In this way, synchronized planning and fulfillment orchestrates supply chain efficiency, helping to streamline and accelerate core processes while delivering insights that drive smarter decisions. Finally, budgeting and forecasting at the institution was heavily dependent on a. Replacing the annual budget with business intelligence driver. They are not so applicable for forecasting line items that are essentially fixed.

Apply to financial planning analyst, director of accounting, director of finance and more. Technology that can help you develop forwardlooking plans based on realtime data. To allow management to make timely decisions and interventions based on a realistic. When i first came across the term driver based planning and forecasting i was confused. View samrat chakrabortys profile on linkedin, the worlds largest professional community. Predictive analytics enables companies to produce consistent and wellunderstood metrics reports based on internal and external information available across the organisation. Haub school of business, saint josephs university, philadelphia, usa. Drivers such as input prices, productivity ratios, and even staff turnover have an important role in modeling the key variable expenses such as travel, staffing costs, and other demand driven consumables.

Quadrant for financial management consulting services, jacqueline heng, december 19, 2011. Provide the ability to support tuition revenue modeling based on statistical data and drivers, as well as allocations. Headcount modellin optimisation tool 14 headcount modelling approach the headcount modelling approach comprises four main development stages. Synchronized planning and fulfillment services deloitte us.