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FMI PD Presentation Providing Strategic Value

FMI PD Presentation Providing Strategic Value. Presentation Overview Introduction to DCFO Council Issues that may keep DCFOs awake at night Attribute most needed to provide strategic value DCFO Council pilot to develop this attribute. DCFO Council Objectives

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FMI PD Presentation Providing Strategic Value

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  1. FMI PD Presentation Providing Strategic Value

  2. Presentation Overview • Introduction to DCFO Council • Issues that may keep DCFOs awake at night • Attribute most needed to provide strategic value • DCFO Council pilot to develop this attribute

  3. DCFO Council Objectives • Speak as an independent voice on behalf of DCFO community • Influence development of central agency policies • Share best practices in the finance community • Strengthen capacity in the finance community

  4. Current Issues • Reporting burden • Lapsing funds at year end • Impact of Directive on Travel, Hospitality, Conference and Event Expenditures • Internal services incremental funding requests

  5. Capacity for strategic thinking • Competency area in which DCFOs believe the FI community requires the greatest improvement. • FI-03s and 04s are technically sound, but lack the behavioral competences required for good leaders, and in particular the capacity for strategic thinking, analysis and developing viable options.

  6. “Active Career Management” Pilot • Selected FI-03s and FI-04s provided an EX level mentor. • Assigned on secondment in two different departments and, if possible, in financial services functions new to them. • Spend one year in each department experiencing a full cycle in each financial services function. • Return to home department.

  7. Questions?

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