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Making Financial Models Reflect the Real World
Summary • Financial models are used to forecast future outcomes and make decisions, but they can be flawed if they don’t consider real-world factors. • To reflect real-world factors in…
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Making COBIT Work For IT and Other Business Processes
COBIT (Control Objectives for Information and Related Technology) is a framework that provides a set of guidelines and best practices for IT governance and management. COBIT analysis evaluates and assesses…
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Employing Behavioural Economics Methods to Business Planning
Summary • Behavioural economics is a relatively new field of study that emerged in response to the limitations of classical finance, recognizing that human behaviour is complex and often irrational.…
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Effective Use of Operational Planning
Summary • Key Performance Indicators (KPIs) are metrics used to measure the performance of individuals, departments or businesses. KPIs should be SMART (Specific, Measurable, Achievable, Relevant and Time-bound). • Goal-oriented planning…
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Are You Making Great Operating Plans?
An operating plan is a document that outlines the day-to-day operations of a business or organisation, and it typically includes the following key elements: Overall, an operating plan is essential…
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