Reforecasting for Sudden Changes Using Workday Adaptive Planning

1. Roll Out a Live Forecast Version

• Confirm you are copying from the correct Original Budget Version.
• Select the boxes for: Copy All Data, Copy Formulas, Copy Splits, Copy Modeled Rows and Copy Audit Trail History.
• Update the Start of Plan setting to pull in Actuals through the prior month.
• Review the user access settings.
  • Does this version need to be hidden for certain users?

2. Update Input Sheets

• Review and update the Personnel Sheet for Headcount impact and updates to Personnel Assumptions (i.e. merit and bonus attainment assumptions).

• Review marketing, conference and event budgets looking at the impact of cancelled events and tradeshows as it relates to both Revenue Pipeline and Operating Expenses.
• High-Level Adjustments: set up custom or assumption accounts to hold management increase/decrease % adjustments to incorporate into current modeled or cube formulas.

• Review Impact of New Forecast Version.

3. Utilize Weekly Forecasting

• Always keep Live Forecast open as working forecast.
• At the start of each week, clone this version and rename the previous Live Forecast to [Date] - Flash and name the new version Live Forecast.