Browse Prior Art Database

Three Planning Charts for Making Assessments

IP.com Disclosure Number: IPCOM000108774D
Original Publication Date: 1992-Jun-01
Included in the Prior Art Database: 2005-Mar-22
Document File: 2 page(s) / 70K

Publishing Venue

IBM

Related People

Doll, JM: AUTHOR [+3]

Abstract

Disclosed are (i) a procedure for generating monthly planning targets for an annual target, and (ii) three planning charts for assessing the achievability of the annual target and making outlooks.

This text was extracted from an ASCII text file.
This is the abbreviated version, containing approximately 63% of the total text.

Three Planning Charts for Making Assessments

       Disclosed are (i) a procedure for generating monthly
planning targets for an annual target, and (ii) three planning charts
for assessing the achievability of the annual target and making
outlooks.

      The track is the expected monthly course to reach the annual
target.  It may be a "planner track" based on a planner's judgement
of how the target can be reached, or a "historical track" estimated
from history.  Calculations for generating the historical track and
estimating the accuracy of the two types of track are disclosed.

      The WINEGLASS chart (Figure 1) is used to assess whether a
measurement (e.g., sales, shipments, costs or expense) is on track to
make the annual target.  "On track" means that the actual performance
is statistically consistent with paths that at the end of the year
exactly reach the annual target.  For clarity of explanation, suppose
the measurement being assessed in the three charts is the sale of a
product.  The WINEGLASS chart shows, for each month: (i) year-to-date
cumulative sales as a percentage of the year-to-date cumulative
track, (ii) upper and lower bounds that each month contain a
prechosen proportion, the "on-track level" of the paths that at the
end of the year exactly reach the annual target.  The size of the
bounds depends on the accuracy of the track as a predictor of the
actual sales.

      The SHIPWRECK chart (Figure 2) shows the year-to-date
cumulati...