answersLogoWhite

0

Forward Planning is used in conjunction with business forecasting, current economics Vs. "Where do we want to be in ## years/months etc?", and situation management to create a business or political plan that will either be initiated gradually over a set period, or at the very least, will not be initiated until a certain time, or certain circumstances are met. It is a strategy to ensure that critical decisions can be prepared long before there is a situation that will require it, and is generally based on the assumption (and forecast) that there will eventually be a situation that requires it.

Here is an example:

"

Joe Blog Enterprises has won 3 major widget projects. Let's call them 1, 2 and 3.

Currently projects 1 and 2 utilize all the resources that Joe Blog has. Project 3 has a deadline that is later than 1 and 2, but it is cutting a fine line.

"

Forward planning will be used here to create a process, and timeline for the project that will be started, and continue at specific deadlines where resources are planned to be freed up by the completion of stages within project 1 and/or 2.

Normally, a business should only have to make about 15% of critical decisions on the fly, and 85% in preparation.

Without Forward Planning, businesses would have to make ALL critical decisions on the fly, leaving no room for growth and development planning.

User Avatar

Wiki User

11y ago

What else can I help you with?