ABSTRACT
In Part Three we noted that the only certain thing about financial planning, no matter how thoroughly it is done, is that it will be wrong in that the actual results will differ from those planned. Some of the assumptions regarding the external environment on which it is based will prove to be inaccurate but the most common area for differences is in the expectations of the results of the plans, some of which will turn out to have been unrealistic. If we reconsider the main justifications for all the effort that is needed to carry out these first two stages, namely financial analysis and planning, it becomes clear that producing a plan which then proves to be wrong gets no less than half the potential benefits of a full system of financial involvement.
