Three-Step Forecasting Framework for Crisis Management PPT

This PPT slide, part of the 29-slide Forecasting Uncertainty PowerPoint presentation, outlines a structured approach to forecasting during or after a crisis, emphasizing the need for effective cost management. It begins by identifying critical elements that businesses should focus on to emerge stronger from challenging times. These elements include coherent planning through scenario analysis, cash flow forecasting, and developing a long-term view of the business. The slide also highlights the importance of making informed investments and building unique capabilities.

Central to the slide is a three-step approach to forecasting. The first step involves selecting a flexible forecasting tool that aligns with the necessary scope and detail. This is crucial for ensuring that the tools used can adequately address the specific questions that arise during uncertain times. The second step focuses on sharing, corroborating, and evaluating assumptions. This step is vital, as it ensures that the foundational assumptions driving forecasts are reflective of new realities and possibilities, which may have shifted due to the crisis.

The final step is about outlining the impact of decisions. This step encourages organizations to consider the consequences of their actions and the levers available to them. Each of these steps is paired with corresponding questions designed to guide executives in assessing their forecasting processes. The overall message is clear: in times of crisis, a methodical approach to forecasting can help organizations navigate uncertainty and make informed decisions that drive resilience and recovery.

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