Forecasting and Planning

FORECASTING AND PLANNING

 

 

            You may use forecasting and planning as an individual manager or organize them with the other members of your team or department.

 

            A forecast is a definition of the performance you believe will happen and a goal of the results you hope to achieve. Since the objective in forecasting is to set goals you actually achieve, forecasting and planning should be done with considerable thought about the goal and the plan you set to achieve it.

 

Time Period of the forecast:____________________________________________________

 

 

Forecast outcomes in one or more of the following areas which apply to you.

 

A. Earnings________________________________________________________________

B. Cost or expenditure control__________________________________________________

C. Production_______________________________________________________________

D. Achieving a standard of efficiency_____________________________________________

E. Safety record______________________________________________________________

F. Personnel achievement (e.g. absenteeism, etc.)___________________________________

G. Others__________________________________________________________________

 

 

Develop a Plan

 

Identify what needs to be done to achieve your forecasted goals (be specific).

 

1._______________________________________________________________________

2._______________________________________________________________________

3._______________________________________________________________________

4._______________________________________________________________________

5._______________________________________________________________________

 

 

Assignments: Who will be responsible for the successful achievement of each part of your plan?                   

 

                      Assignment                                              Name of Person or Persons Assigned

___________________________________                   _____________________________

___________________________________                   _____________________________

___________________________________                   _____________________________

___________________________________                   _____________________________

___________________________________                   _____________________________

 

 

How Will You Measure Your Results and Report Them?

1.______________________________________________________________________

2.______________________________________________________________________

3.______________________________________________________________________