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Representative POMs are described for Budget and Cash Flows Plan at each level of maturity.

1Initial

• Practice

  Rely on the best endeavours of staff.

  Outcome

  An immediate basic capability is turned on.

  Metric

  Number of experienced staff.

• Practice

  Leverage professional associations and networking to identify working approaches known to be effective.

  Outcome

  The implementation of working approaches that are known to be effective is very fast.

  Metric

  Number of approaches, methods, tools, or processes adapted from outside to get up and running.

2Basic

• Practice

  Document an approach for the development and management of programme budgets and cash flows.

  Outcome

  Cash flow analysis and reporting is consistent and familiar.

  Metric

  Number of approved programme management approaches.

• Practice

  Communicate and provide training on approaches for programme budgets and cash flow management.

  Outcome

  Staff will consistently implement programme budget and cash flow management approaches.

  Metric

  Number of staff trained on programme management budget and cash flow approaches.

3Intermediate

• Practice

  Develop interfaces to the organization's financial systems to facilitate programme reporting; or integrate programme financial controls with the organization's financial systems.

  Outcome

  Programmes can leverage available accounting packages.

  Metric

  Number of programmes leveraging the organization's financial systems.

• Practice

  When access to the organization's financial systems is not possible, use spreadsheets and/or accounting packages to manage programme finances.

  Outcome

  Programme financial management is addressed using the best available tools and resources.

  Metric

  Number of programmes using bespoke financial management solutions.

4Advanced

• Practices

  • Use advanced tools to assist in the management of programme budgets and cash flows.
  • These should support what-if analysis, pivoting and multiple views.

  Outcome

  Decision options can be tested prior to selection and implementation, resulting in better financial decision-making.

  Metrics

  • Number of decisions where financial models supported advanced features.
  • Number of decisions supported by advanced features.

• Practice

  Use advanced processes and procedures to automate and manage programme budgets and cash flows.

  Outcome

  Routine financial management tasks are automated.

  Metric

  Number of automated financial managerial tasks.

5Optimized

• Practice

  Take professional advice on the legal treatment of all costs and revenues from an accounting perspective.

  Outcome

  Programme accounts are legally sound and the tax treatment is consistent.

  Metric

  Number of innovations made to programme accounting in a given period e.g. a year.

• Practice

  Develop a programme of continuous improvement around budgets and cash flow planning that leverages best-known industry practice, research findings, and the advice of financial partners.

  Outcome

  Programme accounting practices are excellent.

  Metric

  Number of innovations made to programme accounting in a given period e.g. a year.