The Big Picture FullCost Speech Abstracts: The Big Picture
how all the pieces of financial governance processes fit together
Service costing, activity-based budgeting, zero-based budgeting, portfolio management, strategic alignment, asset management, expense management, service management, performance management, total cost of ownership, compliance, chargebacks, benchmarking, benefits measurement....
All these buzzwords represent important financial management processes. But implementing them in the wrong order is likely to lead to disappointing results. If you're missing critical prerequisites, the process won't work. If you're missing key dependent processes, the benefits will be limited.
This session reveals the big picture -- how all the pieces of the puzzle fit together. Building from the basic cycle of budget planning, to spending decisions, to budget tracking, to performance improvement and strategy, the evolving picture defines each of the prerequisite and dependent processes. And when you step back and look at the complexity of the big picture, you'll be comfortable with your understanding of every element within it.
This bird's eye view suggests what must come before what (the interdependencies), where the big payoffs are (pressure points), and how each of these sub-processes must be designed to fit together in order to add up to a comprehensive resource governance system.
The "big picture" will help you develop your own unique strategy for evolving your financial management processes, as well as the requirements at each step of the evolutionary process to ensure that everything fits together in the end.
* Why the big picture is important
* The basic money cycle: budget planning, spending decisions, budget tracking
* The business plan, budget, and rates needed to make it work
* The role of asset management
* Off-shoots: expense management, compliance, metrics, benchmarking, process improvements
* Closing the loop: business and service strategy
* Fine tuning: benefits measurement, total cost of ownership
* Where to start and what to do