BUY WITH CONFIDENCE
BENEFITS OF DOCUMENT
DESCRIPTION
Assessing the financial impact a project will have on the organization is a key milestone to getting leadership to support the project. Knowing what financial statement the project will affect is also important. Being able to ?speak finance? lends credibility to the business case.
In this module the 4 basic financial statements will be introduced. In the world of Lean Six sigma, there are hard savings and soft savings and they are not treated equally. A review of these so called hard and soft savings will be discussed. Then we identify and quantify project benefits including Cost of Quality issues, Hard, Soft and Balance Sheet Benefits and Cash Flow.
The mantra ?What gets measured . . . gets done!? People will behave according to how they are measured. When you have the correct metrics, the following results: the correct outputs are achieved, desired behaviors result, rapid and relevant feedback becomes available, progress towards achieving planned goals occurs, cultures change and financial performance improves. Understanding this is the focus of this module.
Got a question about the product? Email us at support@flevy.com or ask the author directly by using the "Ask the Author a Question" form. If you cannot view the preview above this document description, go here to view the large preview instead.
Source: Best Practices in Financial Management PowerPoint Slides: 008_Financial Management PowerPoint (PPTX) Presentation, [x]mjcarter
OVERVIEW
Financial Management Financial Analysis ROI Lean Management/Enterprise Operational Excellence Business Transformation Corrective and Preventative Action Problem Solving Management Accounting Due Diligence Strategy Development Business Basics Portfolio Strategy Financial Risk Banking Inventory Management 8D Consulting Frameworks Strategic Thinking Strategy Frameworks Project Planning Workbook Business Framework PowerPoint Diagrams Gemba Walk Project Management Financial Modeling Business Case Development Business Case Example Cost Reduction Assessment Quality Management & Assurance Cost of Quality Consulting Project Management PowerPoint Diagrams Compilation Nonprofit
Download our FREE Strategy & Transformation Framework Templates
Download our free compilation of 50+ Strategy & Transformation slides and templates. Frameworks include McKinsey 7-S Strategy Model, Balanced Scorecard, Disruptive Innovation, BCG Experience Curve, and many more. |