Manages Finances

Manages Financial and Business Planning

Activities/Tips

Find a mentor. Contact the Organization Development and Training Department if you need help.
Seek help from your contacts in Accounting and Finance. If you have a Director of Finance assigned to your area, seek them out and ask for help.
Conduct post-audits of previous decisions to evaluate your results. Ask for outside counsel to help you.
Understand what your leaders and/or top management are looking for in financial management. Determine key indicators and understand how financial management is done for your organization.
Align the measures of your team with those of the organization. Look for instances where they are not aligned. Your goals and measures should include both non-financial and financial measures of performance.
Contact Finance for the published financial guidelines.
If you are not getting updated on financial measurements, ask your immediate supervisor for this information.
Conduct regular reviews of financial performance. Discuss it regularly at meetings with your subordinate leaders/employees. This helps in getting everyone focused on financial performance.
Increase communication with your immediate supervisor regarding financial performance. This demonstrates your commitment to achieving financial goals and reduces the chances of surprises along the way.
Find ways to get employees involved in cutting waste. Creating an employee committee to provide suggestions is one way to start.
Involve your employees in the planning process.
Identify the critical path to achieving your goals.
Identify the planning assumptions that, if wrong, will cause major problems.
Complete a force-field analysis. You can find this on the Internet or contact JHHSC/JHH HR Organization Development and Training for a copy of the Change Management Toolkit.
Take time regularly to review plans.
Ask others to evaluate your business plan and identify potential problems.
Establish a “planning template” for you and your organization to ensure all pertinent components are addressed with each plan.
Evaluate or identify how the timing of one plan affects other plans or projects.