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Re engineering the planning system

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Published: 28 Oct 2015 Updated: 04 Jul 2023 Update History

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According to David Parmenter, annual planning, as businesses use it today, is one of the greatest mistakes organisations have made since 1494, the year mathematician Luca Pacioli wrote about double-entry bookkeeping.

In the second of our series of workshop guides, David Parmenter explains how to re-engineer the planning regime.

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The ICAEW Library & Information Service provides full text access to leading business, finance and management journals. Further reading on improving forecasting and planning processes is available through the resources below.
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  • Update History
    28 Oct 2015 (12: 00 AM GMT)
    First published
    04 Jul 2023 (12: 00 AM BST)
    Page updated with Related resources section, adding further reading on changing your forecasting and planning processes. These new articles provide fresh insights, case studies and perspectives on this topic. Please note that the original article from 2015 has not undergone any review or updates.