IVI Framework Viewer

Budget and Cash Flows Plan

B1

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.