Financial Process Control Toolkit

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Save time, empower your teams and effectively upgrade your processes with access to this practical Financial Process Control Toolkit and guide. Address common challenges with best-practice templates, step-by-step work plans and maturity diagnostics for any Financial Process Control related project.

Download the Toolkit and in Three Steps you will be guided from idea to implementation results.

The Toolkit contains the following practical and powerful enablers with new and updated Financial Process Control specific requirements:


STEP 1: Get your bearings

Start with...

  • The latest quick edition of the Financial Process Control Self Assessment book in PDF containing 49 requirements to perform a quickscan, get an overview and share with stakeholders.

Organized in a data driven improvement cycle RDMAICS (Recognize, Define, Measure, Analyze, Improve, Control and Sustain), check the…

  • Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation

Then find your goals...


STEP 2: Set concrete goals, tasks, dates and numbers you can track

Featuring 998 new and updated case-based questions, organized into seven core areas of process design, this Self-Assessment will help you identify areas in which Financial Process Control improvements can be made.

Examples; 10 of the 998 standard requirements:

  1. Have senior managers been apprised of Risk Management and control deficiencies affecting their units (e.g., circumstances where assets with a specified monetary value are not adequately protected, where the competence of employees is lacking, or where important financial reconciliations are not performed correctly)?

  2. If an institution contracts with an entity or individual to provide financial aid staffing or management for the administration of its Title IV programs, is the individual or entity considered a third-party servicer?

  3. Do you have an anonymous and confidential Whistleblower policy for communicating and receiving information regarding fraud, errors in financial reporting and misrepresentation or false statements made by management?

  4. How is your fiscal accountability? Annually the management team reviews and sets definable, measurable and achievable financial goals for the company and reviews the performance against goals in quarterly meetings?

  5. Are your organizations financial policies, procedures and controls effectively implemented to provide complete, accurate, relevant and timely management information, and financial and regulatory reporting?

  6. Do you have KPIs that are oriented toward general performance capabilities measure processes rather than discrete project initiatives? Do they answer questions such as: how well are you doing financially?

  7. What factors does your organization consider in a measure of interconnectedness resulting in a system being determined as critical to your organization, and how should corresponding factors be weighted?

  8. What are your current levels in key measures or indicators of financial performance, including aggregate measures of financial return, financial viability, or budgetary performance, as appropriate?

  9. Have you had problems with heterogeneous data, bad data, lack of storage capacity, unanticipated financial/time costs, inadequate cooperation from data owners or lack of data management expertise?

  10. Do you allow product portfolio renewal to occur without interference by merely adding new products, or should the renewal be governed based on strategic and financial targets over life cycle?


Complete the self assessment, on your own or with a team in a workshop setting. Use the workbook together with the self assessment requirements spreadsheet:

  • The workbook is the latest in-depth complete edition of the Financial Process Control book in PDF containing 998 requirements, which criteria correspond to the criteria in...

Your Financial Process Control self-assessment dashboard which gives you your dynamically prioritized projects-ready tool and shows your organization exactly what to do next:

  • The Self-Assessment Excel Dashboard; with the Financial Process Control Self-Assessment and Scorecard you will develop a clear picture of which Financial Process Control areas need attention, which requirements you should focus on and who will be responsible for them:

    • Shows your organization instant insight in areas for improvement: Auto generates reports, radar chart for maturity assessment, insights per process and participant and bespoke, ready to use, RACI Matrix
    • Gives you a professional Dashboard to guide and perform a thorough Financial Process Control Self-Assessment
    • Is secure: Ensures offline data protection of your Self-Assessment results
    • Dynamically prioritized projects-ready RACI Matrix shows your organization exactly what to do next:

 

STEP 3: Implement, Track, follow up and revise strategy

The outcomes of STEP 2, the self assessment, are the inputs for STEP 3; Start and manage Financial Process Control projects with the 62 implementation resources:

  • 62 step-by-step Financial Process Control Project Management Form Templates covering over 1500 Financial Process Control project requirements and success criteria:

Examples; 10 of the check box criteria:

  1. Quality Audit: How does your organization know that its Strategic Plan is providing the best guidance for the future of your organization?

  2. Planning Process Group: You are creating your WBS and find that you keep decomposing tasks into smaller and smaller units. How can you tell when you are done?

  3. Assumption and Constraint Log: Do you know what your customers expectations are regarding this process?

  4. Roles and Responsibilities: Do you take the time to clearly define roles and responsibilities on Financial Process Control project tasks?

  5. Probability and Impact Assessment: Monitoring of the overall Financial Process Control project status _ are there any changes in the Financial Process Control project that can effect and cause new possible risks?

  6. Team Directory: How and in what format should information be presented?

  7. Lessons Learned: How well defined were the acceptance criteria for Financial Process Control project deliverables?

  8. Team Member Performance Assessment: What are the basic principles and objectives of performance measurement and assessment?

  9. Risk Audit: Is all expenditure authorised through an identified process?

  10. Team Member Performance Assessment: To what degree do members articulate the goals beyond the team membership?

 
Step-by-step and complete Financial Process Control Project Management Forms and Templates including check box criteria and templates.

1.0 Initiating Process Group:

  • 1.1 Financial Process Control project Charter
  • 1.2 Stakeholder Register
  • 1.3 Stakeholder Analysis Matrix


2.0 Planning Process Group:

  • 2.1 Financial Process Control project Management Plan
  • 2.2 Scope Management Plan
  • 2.3 Requirements Management Plan
  • 2.4 Requirements Documentation
  • 2.5 Requirements Traceability Matrix
  • 2.6 Financial Process Control project Scope Statement
  • 2.7 Assumption and Constraint Log
  • 2.8 Work Breakdown Structure
  • 2.9 WBS Dictionary
  • 2.10 Schedule Management Plan
  • 2.11 Activity List
  • 2.12 Activity Attributes
  • 2.13 Milestone List
  • 2.14 Network Diagram
  • 2.15 Activity Resource Requirements
  • 2.16 Resource Breakdown Structure
  • 2.17 Activity Duration Estimates
  • 2.18 Duration Estimating Worksheet
  • 2.19 Financial Process Control project Schedule
  • 2.20 Cost Management Plan
  • 2.21 Activity Cost Estimates
  • 2.22 Cost Estimating Worksheet
  • 2.23 Cost Baseline
  • 2.24 Quality Management Plan
  • 2.25 Quality Metrics
  • 2.26 Process Improvement Plan
  • 2.27 Responsibility Assignment Matrix
  • 2.28 Roles and Responsibilities
  • 2.29 Human Resource Management Plan
  • 2.30 Communications Management Plan
  • 2.31 Risk Management Plan
  • 2.32 Risk Register
  • 2.33 Probability and Impact Assessment
  • 2.34 Probability and Impact Matrix
  • 2.35 Risk Data Sheet
  • 2.36 Procurement Management Plan
  • 2.37 Source Selection Criteria
  • 2.38 Stakeholder Management Plan
  • 2.39 Change Management Plan


3.0 Executing Process Group:

  • 3.1 Team Member Status Report
  • 3.2 Change Request
  • 3.3 Change Log
  • 3.4 Decision Log
  • 3.5 Quality Audit
  • 3.6 Team Directory
  • 3.7 Team Operating Agreement
  • 3.8 Team Performance Assessment
  • 3.9 Team Member Performance Assessment
  • 3.10 Issue Log


4.0 Monitoring and Controlling Process Group:

  • 4.1 Financial Process Control project Performance Report
  • 4.2 Variance Analysis
  • 4.3 Earned Value Status
  • 4.4 Risk Audit
  • 4.5 Contractor Status Report
  • 4.6 Formal Acceptance


5.0 Closing Process Group:

  • 5.1 Procurement Audit
  • 5.2 Contract Close-Out
  • 5.3 Financial Process Control project or Phase Close-Out
  • 5.4 Lessons Learned

 

Results

With this Three Step process you will have all the tools you need for any Financial Process Control project with this in-depth Financial Process Control Toolkit.

In using the Toolkit you will be better able to:

  • Diagnose Financial Process Control projects, initiatives, organizations, businesses and processes using accepted diagnostic standards and practices
  • Implement evidence-based best practice strategies aligned with overall goals
  • Integrate recent advances in Financial Process Control and put process design strategies into practice according to best practice guidelines

Defining, designing, creating, and implementing a process to solve a business challenge or meet a business objective is the most valuable role; In EVERY company, organization and department.

Unless you are talking a one-time, single-use project within a business, there should be a process. Whether that process is managed and implemented by humans, AI, or a combination of the two, it needs to be designed by someone with a complex enough perspective to ask the right questions. Someone capable of asking the right questions and step back and say, 'What are we really trying to accomplish here? And is there a different way to look at it?'

This Toolkit empowers people to do just that - whether their title is entrepreneur, manager, consultant, (Vice-)President, CxO etc... - they are the people who rule the future. They are the person who asks the right questions to make Financial Process Control investments work better.

This Financial Process Control All-Inclusive Toolkit enables You to be that person.

 

Includes lifetime updates

Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.