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Working Together to Measure What Matters

By Nicholas Fischer posted 04-15-2019 07:07 AM

  

Introduction

As Peter Drucker once said, “you can’t manage what you can’t measure.”  Establishing priority goals and objectives is only half the battle – stakeholder accountability is essential to delivering outcomes on plan, and regular business reviews are a proven method to measure performance and progress.  Effective business reviews require all accountable executives to be in attendance and ‘present’ with a clear and consistent agenda serving four (4) core purposes:

1) Provide transparency to progress

2) Provide clarity to performance

3) Drive accountability

4) Create a culture of collaboration and problem solving



CFOs have the opportunity to frame and execute Business Reviews with consistency, authenticity, and accuracy in mind.  Consider using this Sample Business Review Agenda for your next Business Review meetings:

1) Business Plan Review

a) Business Plan Summary

b) Enterprise Business Review Scorecard

2) External Trends & Developments

a) Macroeconomic Updates

b) Industry Updates

c) Competitive Updates

d) Customer / Supplier Updates

3) Operational Review

a) Enterprise Priority Status Scorecard

b) Enterprise Financial Review

c) Business-Unit Review

i.BU [A]

ii.BU [B]

iii.BU [C]

d) Functional Review

i.Function [A]

ii.Function [B]

iii.Function [C]

4) Special Attentional Review

a) SAR Scorecard

i.At-Risk Performance & Initiatives

ii.Emerging Opportunities

b) Business Cases & Post Audits

c) Insights & Recommendations


#Toolkit #FP&A​
#FinancialPlanningandAnalysis
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