Several initiatives need the same resources
Growth plans, routine operations and improvement work compete for funding and capacity, leaving management to decide what should happen first.
OUR SERVICES
Business Financial Strategy
For enterprises reviewing business priorities, changing how work is organised or deciding which activities should receive management attention and financial resources.
SERVICE OVERVIEW
Operating plans and resource choices
Examine the financial requirements of proposed business priorities.
A business strategy creates demands on money, operating processes and the people responsible for delivery. We examine those demands together, helping management assess priorities, the financial implications of different options and how existing resources could support the intended direction.
When this service is useful.
A process creates avoidable cost or delay
A recurring operating issue needs examination alongside the activities, handovers and financial information that may help explain its effect.
The strategy needs a financial test
A proposed direction needs to be connected with its operating requirements, spending commitments and the assumptions on which it depends.
The analytical work.
Frame the strategic choice
Identify the decision management faces, the intended business outcome and the constraints. Establish which operating activities and financial questions need examination before options can be compared.
Review the operating and cost picture
Examine the relevant process, resource use and cost information. Consider where responsibilities, duplicated activity or timing dependencies affect the work, without assuming a process change will automatically reduce costs.
Compare options and financial implications
Assess the resources, spending and operating requirements associated with each relevant option. Consider downside assumptions and the timing of commitments, including the effects on other business priorities.
Set decision and review priorities
Bring the analysis into a management discussion of trade-offs and sequencing. Identify decisions to take, information still needed and indicators management can revisit as the business develops.
Potential service deliverables.
The assignment may include the following work products. Format, level of detail and any recurring updates are agreed in the service agreement.
Business financial strategy assessment
A review connecting the proposed business direction with its financial objectives, resource requirements and significant assumptions, showing the considerations behind management's choice.
Operating process assessment
An examination of the activities and handovers relevant to the management question, with observations about cost, timing and information requirements that warrant attention.
Resource allocation comparison
A structured comparison of the resources and spending needed for the options considered, including competing demands, dependencies and implications for the order of work.
Management action and review priorities
A practical set of decisions, further questions and review points arising from the analysis, giving management a basis for assigning responsibilities and tracking its chosen next steps.
Use the analysis in management reviews.
- Test a business direction against the resources and commitments it would require.
- Consider process and cost decisions together rather than reviewing each in isolation.
- Prioritise management action using the trade-offs and dependencies identified in the analysis.
RELATED SERVICE
Corporate Financial Planning
See how the related service addresses its own management requirements and work products.