Annual budgets often feature key negotiations of authorization for capital expenditures. While much has been written about different approaches to this process, it often resembles a pitched battle to make sure your division gets its share of the bag of spendable money. Forms are filled out for each proposed project clearing the magical hurdle rates. Explanations are provided as to why each investment is the most important one that should be made. As you would expect, this often leads to a once per year great game of negotiation.
Yet in the real world, investment opportunities come and go on an irregular schedule. Ideally, an organization’s “investment bank” would always be open. The shift to Agile Planning focuses on how to create processes that make sure that the organization is always ready to evaluate growth investments. It also focuses of how to change the investment process to make it less risky as well as continuous.
As finance seeks to play a more strategic role, it needs to better support growth. This webcast will help attendees learn how by:
– Examining the growth problems caused by traditional budgeting
– Investigating the shift to a more agile approach
– Exploring what parts of the planning process change.
C-suite leaders, managers and staff in a financial planning & analysis function, Controllers and senior leaders in corporate finance