What Does STCP Stand For?

STCP stands for Short Term Cost Plan

STCP, or Short Term Cost Plan, is a financial strategy designed to outline and manage expenses over a limited period, typically less than one year. It focuses on identifying immediate costs, forecasting financial needs, and allocating resources effectively to ensure financial stability and support short-term operational goals. The STCP serves as a crucial tool for budgeting, enabling organizations to respond swiftly to changing circumstances and optimize cash flow management.