1 / 14

DoC Financial Management Strategic Planning

Agenda

Jimmy
Download Presentation

DoC Financial Management Strategic Planning

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

    1. Department of Commerce Financial management Conference August 2009 DoC Financial Management Strategic Planning

    3. The typical view on strategic planning…

    4. Why do we need to plan? To ensure that we work toward the same goals To assess and adjust the FM community’s direction in response to a changing environment To focus our energy Strategic Planning is: A disciplined effort to produce fundamental decisions and actions Shapes and guides what we are, what we do, and why we do it Focuses on the future A strategic plan is a living organism that drives us to the next point

    5. What strategic planning is not… Not an attempt to make future decisions Decisions are made in the present Not a substitute for good judgment by leadership It is a tool that supports the intuition, reasoning skills, and judgment that people bring to their organization Does not necessarily flow smoothly from one step to the next It is a creative process, and fresh insight arrived at today might very well alter the decision made yesterday It changes……

    6. CFOs reached consensus… Consensus on: Current state of FM community Desired (future) state Compelling case for change Vision & Values for our community Barriers to success Objectives and initiatives This one needed a clear path of action going forward Next steps and assignments Communicating the message

    7. FM Strategy Gameboard

    8. Vision takes you to a place that you are not… The mission is your overarching task… Values guide the way we act and every action should be in concert with them… Vision, Mission and Values…

    9. Goals… Goals make up the future state we want to achieve to move us toward the vision…

    10. Objectives… Strategic objectives are broad, yet measurable ways to accomplish goals

    11. CFO Initiatives Aligned by Importance…

    12. CFO Council’s Strategic Alignment…

    13. What next…how can you play a part… CFO Council initially brainstormed ideas for initiatives Narrowed and consolidated Prioritized each using weighted scoring Need FM Community to continue that brainstorming Help define the objectives (what would success look like) What worked and what has not in reaching similar objectives Identify 10 actionable initiatives that we can start working on Reach a consensus on priorities using collective scoring

    14. Group break out… Look for the icon on your name badge Communications – Human Capital – Systems – Process Improvement – Business Information Needs – the cornerstone of the puzzle Consider how to incorporate aspects of business information development in each groups work

More Related