Planning horizon

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Planning horizon

The length of time a model or investor or plan projects into the future.

Planning Horizon

The future time for which a person or organization plans. For example, if a company wishes to make contingency plans for the next 10 years, it is said to have a 10-year planning horizon. Many companies maintain a five-year planning horizon, though some plan for longer or shorter periods. The longer a planning horizon is, the more uncertainty it has.
References in periodicals archive ?
As companies strive to accelerate, enhance and optimize their business decisions, it becomes advantageous to adopt a single flexible planning and decision support system that connects both strategic and tactical planning horizons.
Strategic plans have long planning horizons, are developed at aggregated levels and change infrequently--often lasting multiple years until a change in strategic direction is warranted.
These responsibilities were broken down by functional area and planning horizon.
This effect may be to some extent offset by longer financial planning horizons.
These overlapping planning horizons are a direct result of the longer planning periods used at higher levels and the corresponding need to lock in decisions at those higher levels further in advance than decisions at the lower levels.
Other management implications for long enough planning horizons include the possibility of careful planning of the investments during the period far before policy the horizon -during the times when a capital is being installed that will be used until the horizon end.
0 of the software includes new and innovative math programming techniques allowing companies to expand their business planning models to include longer planning horizons, a finer level of detail, and an integrated view across more elements of their business.
The document brings to the forefront five key concepts to the practice of counterinsurgency by identifying COIN lines of effort (LOE), expanding upon clear-hold-build operations, discussing the importance of securing the population during COIN, creating tactical-level planning horizons in COIN, and helping units better understand the enemy they are fighting through the components and manifestations of an insurgency.
As we would expect, and in support of the model, households with shorter planning horizons have much higher discount rates, ranging from average values of ten percent for those with planning horizons of "the next few months" to average values below six percent for those with planning horizons of "ten years or more.
Agencies for International Cooperation have different approaches, methodologies, planning horizons, communication levels, financial regulations, and submission and reporting procedures.
Driving that concern, he noted during congressional testimony in 2002, are "unrealistically short planning horizons being used to make decisions about space shuttle flight-system improvements, the restoration of aging infrastructure, personnel-succession planning, and logistics.
Specifically, longer planning horizons appear appropriate for the default mode approach since the impact of defaults that occur beyond the end of the planning horizon is ignored.
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