Diffrence in planning and forcasting .
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Budgeting, planning and forecasting(BP&F) is a three-step process for determining and detailing an organization's long- and short-term financial goals. The process is usually managed by an organization's finance department under the Chief Financial Officer's (CFO's) guidance.
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Difference between planning and forecasting. Planning is the process of thinking about the future course of action in advance, whereas forecasting is predicting future performance of the organization on the basis of past and present performance and data. ... Planning is based on information, objective and forecast.
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