Forward-looking PM

Thanks to the kind cooperation of Strategy and Finance Magazine, I got permission to publish a very good article by Anthony L. Politan on Taking PM to the Next Level on Value Based Management.net.

As Politan explains:
When you're driving, you only glance into the rear-view mirror because, if you stare too long, you just might crash. Many businesses today are spending way too much time looking in the rear-view mirror at the road they've traveled by focusing on historical PM methods. A few leading companies, however, are applying many of the basic principles and technology of historical PM methods to forward-looking PM. This new trend is scenario-based planning, and it concentration on the future rather than on what has already happened.

By generating multiple what-if scenarios using data you already have and applying PM as if the scenarios were actual situations, you can take PM to the next level. The result: You can integrate optimal what-if scenarios with traditional budgeting and planning systems to change faster than industry norms and increase your organization's competitive advantages.

Check it out...