Forecasting Uncertainty (PowerPoint PPTX Slide Deck)

DESCRIPTION

The impact of unforeseen crises—such as economic depressions, natural disasters, and black swan events (e.g. the recent COVID-19 pandemic)—is immense. There are safety concerns everywhere. People have restricted movement, business activities slow down, and cash flow squeezes.

Planners typically prepare forecasts based on historical trends, past performance, and market trends. During these uncertain times, customers' requirements shift dramatically and this demands different ways of working from the organizations.

This framework provides a detailed overview of a robust 3-step approach to Forecasting in times of uncertainty:

1. Select a flexible forecasting tool suite with the right level of scope and detail.
2. Share, corroborate, and evaluate your assumptions.
3. Outline the impact of decisions.

Once the 3-phased approach to forecasting has been successfully executed, uncertain times demand from the executives to concentrate on evaluating their organizations' existing capabilities and leveraging Business Intelligence tools. The next critical steps for the executives to focus on are:

1. Assess existing Forecasting and Scenario Planning competencies.
2. Create tactical models necessary for detailed analysis.
3. Confirm the assumptions.

Each of these 6 steps are discussed in detail in the presentation.

This PowerPoint presentation on Forecasting uncertainties also includes slide templates for you to use in your own business presentations.

This presentation also delves into the critical impacts of crises on financial forecasting and scenario planning. It highlights the necessity of adapting business models, leveraging online collaboration tools, and managing cost-cutting measures. The PPT provides actionable insights for finance teams to support their organizations through economic disruptions. It also includes practical guidelines for holding effective forecasting meetings and appreciating team efforts during stressful conditions. This resource is indispensable for executives looking to navigate their companies through volatile and unpredictable times.

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Source: Best Practices in Scenario Planning, Disruption, Forecasting PowerPoint Slides: Forecasting Uncertainty PowerPoint (PPTX) Presentation Slide Deck, LearnPPT Consulting