Feedback loop: Difference between revisions
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:<span style="color:#4B0082">'''''Measure accuracy and feed back'''''</span> | :<span style="color:#4B0082">'''''Measure cash forecast accuracy and feed back'''''</span> | ||
:"The most important - and often overlooked - step is the measurement of [cash] forecast accuracy... | :"The most important - and often overlooked - step is the measurement of [cash] forecast accuracy... | ||
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==See also== | ==See also== | ||
*[[360 degree feedback]] | *[[360 degree feedback]] | ||
*[[Cash | *[[Cash forecasting]] | ||
*[[Cash management]] | *[[Cash management]] | ||
* [[Feedforward]] | |||
*[[Risk management]] | *[[Risk management]] | ||
*[[Risk reporting]] | *[[Risk reporting]] | ||
Latest revision as of 13:42, 11 August 2021
1. Risk management - risk reporting.
A risk reporting procedure designed to adapt policy and refine procedures as appropriate, following review of the results of earlier risk management activities.
2. Other reporting structures and procedures - cash management.
Similar structures in other contexts, for example cash forecasting and cash management.
- Measure cash forecast accuracy and feed back
- "The most important - and often overlooked - step is the measurement of [cash] forecast accuracy...
- Equally important is implementing a feedback loop - to systems and to people - that ensures forecast data is improved based on variances that were identified.
- The feedback loop is especially important when non-treasury resources are contributing to the forecast to ensure that the right behaviours and cash-forecast numbers are positively reinforced while opportunities for improvement are well communicated."
- The Treasurer magazine, August 2019, p25 - Bob Stark, Vice president Strategy at Kyriba.
