Budget and Cash Flows Plan
Determine programme costs, request a budget, and indicate cash flow plans for the programme.
Improvement Planning
Practices-Outcomes-Metrics (POM)
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.