Improving Forecast Accuracy
Thursdays, 5/2/2019 - 5/9/2019
1:00 PM - 3:00 PM Eastern Standard Time
Forecasts are all but guaranteed to be wrong. Nevertheless, companies should always aspire to be as accurate as possible. This half day course is designed to provide participants with implementation ready and theoretical approaches for improving the accuracy of forecasts. Attendees will discover how to identify key business drivers of growth and improve future visibility for agile decision making. Attendees will learn how to implement simple yet powerful modeling techniques to remove guesswork, increase their confidence, and mitigate risk through data integration, scenario management, and predictive simulation.
- Develop Cross-departmental forecasting processes and workflows allowing forecasts to be updated regularly efficiently
- Identify which elements of the forecast need the most diligence and which elements expose the organization to risk
- Review a driver-driven and flexible financial model to accommodate changing internal and external information
- Assess whether agile planning and automated re-forecasting tools are right for their organizations
Carl Seidman is a disciplined and trusted advisor specializing in business transformation.Carl has served in an array of financial advisory and interim management roles to mid-sized and small companies throughout the United States and United Kingdom. He most recently served as Interim Controller of an $80 million Chicago-based manufacturing collaborative where he was responsible for strategic financial growth planning; implementation of financial infrastructure; forecasting, budgeting; and all internal and external financial correspondence.
In training capacities, Carl is a subject matter expert on a wide range of business topics and has conducted nearly 100 public and onsite trainings for professionals on strategic planning, forecasting, corporate financial planning & analysis, advanced financial modeling, finance and accounting for non-financial managers, and cost accounting.