FIVE KEY FACTORS GUIDE DYNAMIC PLANNING

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Hi! Friend,

With today’s rapidly economic changes, volatility and change have become the norm and not exception, thus making dynamic planning  imperative for organizations. Hence, a more reliable and versatile framework is needed to cope with these changes, now and in the future, where competitive pressures emerge from multiple regions and sources. As a result, organizations need dynamic planning to help them to stay focused on key areas to compete.

Below are the five key factors that guide dynamic planning:-

1. IDENTIFY THE KEY VALUE DRIVERS

These are the main factors that drives success or failure in an organization. Input across the organization is needed. Agreement on key value drivers is crucial in a way that they will help to demonstrate a clear focus on business strategy. Thereafter,  execution and alignment of plan with strategy can follow suit before the “acceptable” tolerance range for these key value drivers can be established. Consequently, corrective actions if there is a need, will then be taken.

2. INCORPORATE THE SELECTED VALUE DRIVERS INTO DYNAMIC PLANNING MODEL 

Depending on the complexity of the organization's model,  software with multiple applications in the market may more likely facilitate the planning process to certain extent.  The choice of technology is not as important as the thinking behind value drivers and model construction. As such, it is clear that dynamic modeling with the right set of value drivers will lead to faster and more accurate resource allocation, portfolio analysis and target setting. 




Please click the link below to read other points............


http://moneytellsstories.blogspot.com/2010/04/five-key-factors-guide-dynamic-planning.html

The above solutions are provided TO guide for your betterment.

Hope the above discussion has given you a good insight of having dynamic planning. 

Stay tuned for more exciting programs that are in store for your reading.

James Oh