Long-term financial plan

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Long-term financial plan

Financial plan covering two or more years of future operations.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Long-Term Financial Plan

An investment plan or strategy with a term of usually longer than one year. A long-term financial plan involves more uncertainty than anything short-term because, typically, market trends are more easily predictable in the short term. On the other hand, planning for the long-term is necessary in order to enjoy financial security in retirement. Thus, while planning for the long term is necessary, one's plan must be flexible to account for the uncertainty inherent to it.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Phillip Wong, manager of long-range planning with the City of Thunder Bay, says the city has approved everything for the RGL development and will defend its position to the OMB.
At its long-range planning meeting last fall, SLSAE's board of directors and past presidents--who hope to recruit 45 philanthropic, service, or charitable organizations within three years--identified the following ways the organization could diversify its membership:
Long-range planning includes a company's efforts to monitor, understand and adapt to a changing environment in order to establish and maintain a favorable competitive position.
Questionnaire Used as Part of Long-Range Planning Study May Be Helpful
But though the agency's primary ways of getting into space are temporarily grounded during a morass of technological and managerial investigations, NASA continues where possible with its ongoing activities and long-range planning.
The topics of management control and long-range planning systems were studied, written about and taught in leading business schools.
The BH&HS voted on June 21, 2002, to adopt the seven recommendations in the five-year long-range plan presented by its Long-range Planning Committee:
The district is still run by a highly participatory process called Onward to Excellence, with twice monthly teleconferencing with the five-member Board of Education and an education advisory committee to determine goals, short- and long-range planning and performance expectations.
Yes, and so are finance, marketing, and long-range planning. Yet all of us can sit through highly detailed meetings rife with numbers.
In reviewing these developments, the NLM Board of Regents requested that NLM undertake a long-range planning process to develop strategies for the library's future.
As early as 1985, discussions began on the future direction of the Society and CMI, with the appointment of several long-range planning committees.

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