Essential Budgeting & Planning System Components – Part 5: Tactical Planning Dashboards with Visualizationsby Dwight deVera
For my final post in this series, I’ll cover tactical planning dashboards as a component that shows planners where they can make the changes that have the biggest impact on the plan.
Data visualization has struck a chord with many executive decision-makers as a way to condense large amounts of information, format it in a way that’s easy to digest and understand, and most importantly, reveal vital business insights that can help them make better decisions. Thankfully, visualizations are not reserved for executive decision-makers; similar types of visualizations can be beneficial for planning managers too.
Planning dashboards allow planners to see the whole picture at a glance, determine whether their plans are favorable or not, and provide guidance for where to direct their attention. When budgets are out of alignment or plans are going astray as the year progresses, the visualizations on a planning dashboard say, “look exactly here – this is your problem – this is where you can make an adjustment that will have a real impact – the other changes you’re going to make are a waste of time.”