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From the author of Resource Planning

Resource Planning

Based on the size of the opportunity, the finance department and management can allocate resources and prioritize the project. It is generally advisable to have a short- (one-year) and long-term (3-5 years) roadmap of the resources required. This should include the financial investment, people, skills/expertise, and involvement of external resources such as supplier. Having this plan alongside the financial forecast enables the company to work out a cash flow forecast and profit/loss statement for the following years. Cash flow is the lifeline of a business; having this essential figure available can provide stakeholders with information on how quickly resources can be invested at the opportunity.

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