Forecasting
The forecasting of key business metrics helps an organization paint a picture of what their organization will look like at some point in the future. In good economic times a company may forecast key metrics quarterly, in bad they may forecast key metrics daily.
What Organizations Need A Forecast?
All organizations need to forecast their key metrics. A forecast helps an organization measure their success or failure in an objective and quantifiable way.
What Is A Key Metric?
- A Key Metric is a Key Performance Indicator (KPI), that helps an organization define their success.
- A Key Metric must be measurable.
- Key Metrics will be different from one organization to the next.
- Most organizations include some financial measurements among their Key Metrics.
- Key metrics are normally set for an organization with different metrics for departments within an organization.
Examples of Organizational Metrics:
- Revenue
- Headcount (number of employees in an organization)
- Expense
- Pre-Tax Profit
Example of Department Metrics, In This Case A Call Center::
- Length of Call
- First Call Resolution
What Are Your Next Steps?
Are you ready to get started on your Forecast? An initial consultation is only $100. Here is what you get.
- A 60 minute one-on-one phone consultation with Jackie Willey. Each consultation is personalized to fit the client’s needs.
- After the phone consultation you will receive a document detailing the conversation including any decisions you have made, ideas that have been raised and any other pertinent information.
- The $100 fee is applied to the cost of developing your Forecast if you decide to use Jackie Willey.
- Clients often find it most effective to send Jackie Willey an e-mail with their questions in advance of their discussion. Other clients don’t know where to start and need help developing a plan. Jackie is flexible and will work with you to get the most out of the conversation.
Still Not Sure ? Free Consulting Is Available
Jackie Willey is available for a free 30 minute consultation to discuss developing your Forecast and help you develop the best strategy to meet your needs.