Connecting Strategic, Financial, and Operational Planning

The article focuses on EPM resolution for 2012 and the concern of organizations undergoing disconnected spreadsheets while planning processes. The necessity to look for ways to integrate strategic planning with financial budgeting and operational planning is emphasized. The article suggests connecting strategic, financial and operational planning to improve resource alignment across the organization. The author proposes that a software platform capable of natively speaking each language of finance, strategy, and operations is required for true connection, rather than just using financial budgeting language. Planview Enterprise, a portfolio management solution, is suggested as an option in deep financial detail capable of translating strategic plans into financial plans. The article identifies portfolio management as a discipline expanding its reach and suggests adding portfolio management to EPM solutions to connect strategic, financial, and operational planning.