Maximize Your Profit Health Index In my recent article, “How to Manage Your Variance Profit Cycle,” I explained how to systematically answer two of the most important, but vexing, questions that CFOs, CEOs, and boards of directors face every month: Why did we miss our budget? And what can we do about it? We’ve had an overwhelmingly [...]
How to Calculate Risk Based on Where Your Profits Come From
Julian Ferguson2023-11-08T12:42:00+00:00How to Calculate Risk Based on Where Your Profits Come From If most midsize companies have a formal risk management process, why did so many fail even in pre-pandemic years? The problem is that risk heat maps—many companies’ primary tool for assessing risk—have fatal deficiencies. The risk heat map process looks at big, blunt risks [...]