In his book THINKING, FAST AND SLOW Daniel Kahneman describes two schools of psychology within the study of decision making. Clinical psychologists advocate the use of methods like heuristics (rules of thumb) and intuition for making decisions. Statistical psychologists, on the other hand, advocate the use of methods like simple algorithms or formulas for making decisions.
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Workflow is critical to a CPM application in the same way that it is critical to ERP. It is through workflow that users are directed and their attention focused onto their roles and responsibilities through the different performance management processes. The activities involved tend to be classified into the management processes.
The central CPM business model requires multi-dimensional technology. The CPM business model will typically consist of the 7 dimensions.
Driver-based planning (DBP) is an essential part of the financial planning and analysis (FP&A) armoury, enabling organisations – ranging from the smallest non-profit to a multinational – to become quicker, more dynamic and agile in their planning and in responding to internal and external changes in the business environment.
Criticism is defined as “the expression of disapproval of something based on perceived mistakes.” FP&A is a learning process that creates insight into what organizations are doing and where they are going. Processes are not perfect; mistakes are likely to occur. As a result, FP&A practitioners need to recognize that their work is subject to criticism.
Dubai FP&A Board Registration Form - 5 February 2026Participation in the FP&A board's events is strictly by-invitation-only, with 25-30 attendees per meetingIt is exclusive to CFO, FD, and Head of Finance practitioners.
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Amsterdam FP&A Board Registration Form - 23 Sep 2025Participation in the FP&A board's events is strictly by-invitation-only, with 25–30 attendees per meetingIt is exclusive to practitioners at the CFO, FD, and Head of Finance levels
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Stockholm FP&A Board Registration Form - 18 September 2025Participation in the FP&A board's events is strictly by-invitation-only, with 25-30 attendees per meetingIt is exclusive to practitioners at the CFO, FD, and Head of Finance levels who are in active employment
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Last week I led a workshop on management reporting at the IMA Northern Lights Council’s annual seminar in Minneapolis. While there, I had the opportunity to sit in on several excellent presentations.
By Randall Bolten, longtime Silicon Valley CFO, author of "Painting with Numbers: Presenting Financials and Other Numbers So People Will Understand You” and adjunct professor at U.C. Berkeley Extension.
At a dinner party last night, one of the guests posed a question: Imagine a roomful of people chosen at random. How many people need to be in the room for there to be at least a 50% probability that at least two of the people have the same birthday?
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