I design a five-quarter rolling forecast for my coaching clients, similar to what Bogsnes advocates in the book.
What does RF stand for?
RF stands for Rolling Forecast (finance & marketing)
This definition appears very frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of RF
We have 54 other meanings of RF in our Acronym Attic
- Rim Fire (ammunition)
- Ripper Free (DVD backup software without ripping decoders)
- Ripping Friends
- Rising Force (Yngwie J. Malmsteen album)
- Risk Factor
- River Forest (suburb of Chicago, IL)
- Rockefeller Foundation
- Rockford Fosgate (car audio)
- Roger Federer (tennis player)
Samples in periodicals archive:
So I look at how to create efficient budgetary processes, such as rolling forecasts, and how to streamline the whole process.
The Beyond Budgeting Round Table recommends the rolling forecast go out at least five quarters, but many span six quarters.
By involving front-line managers and personnel in setting expectations, key performance indicators based on those expectations, and using three performance level targets, organizations can move from the fixed performance contract of the traditional yearly budget to the relative performance contract of the rolling forecast.
This 12-month rolling forecast helps to bridge the timing gap between the budget and the 10-year strategic plan, allowing the organization a certain flexibility and sensitivity to change to re-allocate resources on the fly if needed To accomplish this, we had to bridge another classic corporate gap between the operational units of an organization and the higher-level finance functions.
As every conveyor became faster and precision greater," says Napoleoni, "it was apparent that the time had come to look for another supplier that could not only meet our expectations, but grow along with us by stocking inventory on a three-month rolling forecast, ensuring that we never had a stock rupture.
Insurers need timely, rolling forecasts and "on-demand" financial decision support.
Principle #3 -- Using rolling forecasts Managers use rolling forecasts to identify necessary changes in key estimates.