Traditional annual budgets are becoming obsolete due to rapidly changing business environments. Rolling forecasts that are updated regularly provide a more accurate picture of business performance. They extend beyond the fiscal year and cover a standard number of periods. Implementing a rolling forecast requires focusing on key business drivers, enabling rapid forecast creation, blending actual performance with updated forecasts, ensuring cultural buy-in, and providing technology support. Rolling forecasts allow for more frequent resource allocation and back-testing accuracy compared to traditional annual budgets.