{"id":34,"date":"2013-01-29T12:12:53","date_gmt":"2013-01-29T17:12:53","guid":{"rendered":"https:\/\/portfolio-perspectives.planview.com\/?p=1909"},"modified":"2018-10-05T13:10:36","modified_gmt":"2018-10-05T18:10:36","slug":"annual-budgeting-process-results","status":"publish","type":"post","link":"https:\/\/blog.planview.com\/annual-budgeting-process-results\/","title":{"rendered":"The Annual Budgeting Process: Insanity is Expecting Different Results from Spreadsheets"},"content":{"rendered":"<p>Albert Einstein has been credited in saying, <strong>&#8220;insanity is doing the same thing over and over again and expecting different results.&#8221;\u00a0<\/strong>If you are charged with some element of the annual budgeting\u00a0process for your organization, such as capital planning, strategic planning, budgeting, and annual allocations, among others; chances are you&#8217;ve been inundated with spreadsheets, tab delimited fields, and pivot tables every January since\u2026 forever.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/blog.planview.com\/annual-budgeting-process-results\/#Has_Your_Expectation_of_Spreadsheets_Changed_Over_the_Years\" >Has Your Expectation of Spreadsheets Changed Over the Years?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/blog.planview.com\/annual-budgeting-process-results\/#Stop_the_Insanity\" >Stop the Insanity!<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Has_Your_Expectation_of_Spreadsheets_Changed_Over_the_Years\"><\/span>Has Your Expectation of Spreadsheets Changed Over the Years?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>According to recent findings, your answer is probably &#8220;no.&#8221; According to the <em>2012 Benchmark Study: The State of Capital Planning<\/em>:<\/p>\n<blockquote><p><strong>49% of companies surveyed indicated that the manual nature of planning and spreadsheet complexity is the top planning pain point.<\/strong><\/p><\/blockquote>\n<p>The predominance of spreadsheet planning and forecasting is at the heart of many challenges long range planning professionals face every year. Coined as a &#8220;common pitfall&#8221; by Madison Laird in his white paper, <em>15 Common Pitfalls of Long-Range Planning<\/em>, the connection between spreadsheets and the lack of productivity and flexibility is supported by many studies and the annual exercise you are likely participating in right now.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Stop_the_Insanity\"><\/span>Stop the Insanity!<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In this short video series, Madison delves deeper into the issues and solutions to the most common pitfalls, including spreadsheet planning.<\/p>\n<p>Some of the solutions he describes tackle spreadsheet planning philosophically and are relatively simple; such as rewarding vision and consensus. Some of the solutions outlined dig deeper into the core of your organization&#8217;s analytical culture.<\/p>\n<p>As you make progress and conclude your annual planning; <strong>now is the best time to consider best-practices of organizations that have eased the intensity and challenges of juggling spreadsheets<\/strong>. Ensuring your next planning cycle is improved upon will not only improve your processes and decision making capabilities: it will also improve your sanity.<\/p>\n<p>What is your biggest headache during the annual budgeting process?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Albert Einstein has been credited in saying, &#8220;insanity is doing the same thing over and over again and expecting different results.&#8221;\u00a0If you are charged with some element of the annual budgeting\u00a0process for your organization, such as capital planning, strategic planning, budgeting, and annual allocations, among others; chances are you&#8217;ve been inundated with spreadsheets, tab delimited&#8230;<\/p>\n","protected":false},"author":33,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[35],"tags":[141,206,475,487,403],"class_list":["post-34","post","type-post","status-publish","format-standard","hentry","category-pmo-project-management-organizations","tag-fpa","tag-long-range-planning","tag-resource-management","tag-strategic-cpm","tag-video"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.8 (Yoast SEO v26.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The Annual Budgeting Process and Spreadsheets | Planview<\/title>\n<meta name=\"description\" content=\"If you partake in the annual budgeting process for your organization, chances are you&#039;ve been inundated with spreadsheets. See how to stop the insanity!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blog.planview.com\/annual-budgeting-process-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Annual Budgeting Process: Insanity is Expecting Different Results from Spreadsheets\" \/>\n<meta property=\"og:description\" content=\"If you partake in the annual budgeting process for your organization, chances are you&#039;ve been inundated with spreadsheets. See how to stop the insanity!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blog.planview.com\/annual-budgeting-process-results\/\" \/>\n<meta property=\"og:site_name\" content=\"Planview Blog\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/www.facebook.com\/pages\/Planview-Inc\/89422974772\" \/>\n<meta property=\"article:published_time\" content=\"2013-01-29T17:12:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-10-05T18:10:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/blog.planview.com\/wp-content\/uploads\/2019\/10\/planview-logo-social-media-400x400.png\" \/>\n\t<meta property=\"og:image:width\" content=\"400\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Kerry Raminiak\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@SRPKerry\" \/>\n<meta name=\"twitter:site\" content=\"@Planview\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kerry Raminiak\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/blog.planview.com\/annual-budgeting-process-results\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/blog.planview.com\/annual-budgeting-process-results\/\"},\"author\":{\"name\":\"Kerry Raminiak\",\"@id\":\"https:\/\/blog.planview.com\/#\/schema\/person\/47d2abe4661299df0e4b9aef721df188\"},\"headline\":\"The Annual Budgeting Process: Insanity is Expecting Different Results from Spreadsheets\",\"datePublished\":\"2013-01-29T17:12:53+00:00\",\"dateModified\":\"2018-10-05T18:10:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/blog.planview.com\/annual-budgeting-process-results\/\"},\"wordCount\":310,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/blog.planview.com\/#organization\"},\"keywords\":[\"FP&amp;A\",\"Long-Range Planning\",\"Resource Management\",\"Strategic CPM\",\"Video\"],\"articleSection\":[\"Project Portfolio Management\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/blog.planview.com\/annual-budgeting-process-results\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/blog.planview.com\/annual-budgeting-process-results\/\",\"url\":\"https:\/\/blog.planview.com\/annual-budgeting-process-results\/\",\"name\":\"The Annual Budgeting Process and Spreadsheets | Planview\",\"isPartOf\":{\"@id\":\"https:\/\/blog.planview.com\/#website\"},\"datePublished\":\"2013-01-29T17:12:53+00:00\",\"dateModified\":\"2018-10-05T18:10:36+00:00\",\"description\":\"If you partake in the annual budgeting process for your organization, chances are you've been inundated with spreadsheets. 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