There is an
associated Excel template on On-Demand Business Outlook (DBO).
Requirements:
Assume your CFO assigns you to engage in determining sensitivity to critical business drivers which
face your organization. Use the DBO template from Chapter 13 provided and modify suitably.
• Understand the difference between budget and operating plan
• Based on situational analysis, develop a game plan for the coming year. The current uncertainty due to Covid-19 provides a realistic backdrop to projections.
• Develop preliminary financial projections.
• Identify critical assumptions
• Develop process for on-demand business outlook / rolling forecasts
• Identify critical business drivers (such as 80/20 rule)