Forecasting and Budget-vs-Actual Analysis Process Flow

This process flow outlines detailed steps for the development of the annual plan, development of the quarterly forecast, and the quarterly forecast-vs-forecasted actual review. The discussions resulting from the meetings with key executives are translated into the operating plan by the FP&A group. Upon completion of the operating plan, the annual plan is presented to the board of directors for approval This document should be used as a general guide to understand and review this business process. Organizations should customize this tool to ensure that it reflects their business operations and continuously monitor the process to ensure that the steps described are accurate.