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A time horizon, also known as a planning horizon, is a fixed point of time in the future at which point certain processes will be evaluated or assumed to end. It is necessary in an accounting , finance or risk management regime to assign such a fixed horizon time so that alternatives can be evaluated for performance over the same period of time.
Planning and goal setting are important traits of an organization. It is done at all levels of the organization. Planning includes the plan, the thought process, action, and implementation. Planning gives more power over the future. Planning is deciding in advance what to do, how to do it, when to do it, and who should do it.
Strategic planning is an organization's process of defining its strategy or direction, and making decisions on allocating its resources to attain strategic goals.. Furthermore, it may also extend to control mechanisms for guiding the implementation of the strategy.
A capital improvement plan (CIP), or capital improvement program, is a short-range plan, usually four to ten years, that identifies capital projects and equipment purchases, provides a planning schedule and identifies options for financing the plan.
A technology roadmap is a flexible planning schedule to support strategic and long-range planning, by matching short-term and long-term goals with specific technology solutions. [1] [2] It is a plan that applies to a new product or process and may include using technology forecasting or technology scouting to identify suitable emerging ...
However, the term is most frequently used in relation to planning for the use of land and related resources, for example in urban planning, transportation planning, etc. In a governmental context, "planning" without any qualification is most likely to mean the regulation of land use. See also zoning.
A transportation improvement program (TIP) is a United States federally mandated requirement (49 U.S.C. § 5303 (j)) for all metropolitan planning organizations (MPOs). ). The TIP, also known as a short-range plan, lists all transportation projects in an MPO's metropolitan planning area that seek federal transportation funding within at least a four-year ho
Short and Medium-Term Planning: IBP facilitates collaboration between sales and marketing teams to capture demand and create a consensus plan. Medium and Long-Term Financial Planning: IBP aligns demand forecasts with pricing data and inputs from marketing teams to develop financial plans and also uses the inputs to predict financial outcomes.