AbstractEcosystems are being altered by rapid and interacting changes in natural processes and anthropogenic threats to biodiversity. Uncertainty in historical, current and future effectiveness of actions hampers decisions about how to mitigate changes to prevent biodiversity loss and species extinctions. Research in resource management, agriculture and health indicates that forecasts predicting the effects of near‐term or seasonal environmental conditions on management greatly improve outcomes. Such forecasts help resolve uncertainties about when and how to operationalize management. We reviewed the scientific literature on environmental management to investigate whether near‐term forecasts are developed to inform biodiversity decisions in Australia, a nation with one of the highest recent extinction rates across the globe. We found that forecasts focused on economic objectives (e.g. fisheries management) predict on significantly shorter timelines and answer a broader range of management questions than forecasts focused on biodiversity conservation. We then evaluated scientific literature on the effectiveness of 484 actions to manage seven major terrestrial threats in Australia, to identify opportunities for near‐term forecasts to inform operational conservation decisions. Depending on the action, between 30% and 80% threat management operations experienced near‐term weather impacts on outcomes before, during or after management. Disease control, species translocation/reintroduction and habitat restoration actions were most frequently impacted, and negative impacts such as increased species mortality and reduced recruitment were more likely than positive impacts. Drought or dry conditions, and rainfall, were the most frequently reported weather impacts, indicating that near‐term forecasts predicting the effects of low or excessive rainfall on management outcomes are likely to have the greatest benefits. Across the world, many regions are, like Australia, becoming warmer and drier, or experiencing more extreme rainfall events. Informing conservation decisions with near‐term and seasonal ecological forecasting will be critical to harness uncertainties and lower the risk of threat management failure under global change.