Posted by: Margaret Rouse
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“It’s no secret that the BYOA trend creates new security challenges. Internal applications typically rely on firewalls, but best practices for cloud-based services usually rely on secure passwords and encryption technologies.” — Chris Moyer
Today’s WhatIs.com Word of the Day is rolling forecast, an add/drop process for predicting the future over a set period of time. Rolling forecasts are often used in long-term weather predictions, project management, supply chain management and financial planning. If, for example, an organization needs to anticipate operating expenses a year in advance, the rolling forecast’s set period of time would be 12 months. After the first month had passed, that month would be dropped from the beginning of the forecast and another month would be added to the end of the forecast. Because a rolling forecast window requires routine revisions, it is sometimes referred to as a continuous forecast or an iterative forecast. Continued…
A rolling forecast budget uses a FIFO approach for time. What does FIFO stand for?
a. first in/first out
b. financial information/forecast ongoing
Rolling forecast model can improve usefulness of financial data
Should you adopt a rolling forecast model to replace slow and broken processes? You won’t need a crystal ball to guess the answer.
Gartner Symposium forecast: Cloudy with a good chance of 3-D printing
This CIO Searchlight shares some predictions from the Gartner Symposium along with some innovation news from Disney.
Which budget technique is right for your organization?
Explore which approach to forecasting budget requirements meets your organization’s needs.