Corporate Performance Management (CPM) and associated Capability enablers
Using a leading Corporate Performance Management CPM) framework it is possible to describe the end-to-end processes from Strategy creation to planning to budgeting to reporting to insight generation to intervention and forecasting
These end-to-end processes elements are closely interlinked
Financial Planning, Budgeting & Forecasting (PBF) is the focus area here but it is also important of the CPM framework and how they interrelate with PBF
For each of the elements in the CPM process it is also important to consider the various Capability Enablers (People, Process, Information / Data and Technology) to gain an in-depth understanding of improvement opportunities
Effective planning provides senior management with insight into the future but also with a target roadmap, showing where the organization’s financial performance currently stands and where it should be going.
Coupled with intuitive analysis and proactive management, successful planning is the difference between achieving stretch goals and simply reaching for the low hanging fruit.
Accountability and PBF
Strong PBF process must be seen as an necessary, on-going and value-creating activities that are critical to the performance of the organisation, requiring a high level of engagement across all operational units.
The purpose of the budget has always been to allocate resources required to achieve (and align organisations around) a particular goal, but today the goal is often a moving target and the resources are volatile and unpredictable. There is no silver bullet unfortunately.
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We work with organisations to help unpack innovation into re-imagined solutions which take advantage of digital offerings blended with contemporary interpretations of traditional offerings like strategy execution.
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