Strategic Budget Decisions for Regulatory Compliance PPT
This PPT slide, part of the 39-slide Structured Thinking 101: Clarity Through Storylines PowerPoint presentation, titled "Matter for Decision" outlines key considerations for the Regulatory Projects Steering Committee regarding budgetary decisions for the upcoming fiscal year. The recommendation section emphasizes the need to determine whether to allocate an additional $1.2 million to $2 million over the next 2 years or to renegotiate requirements with the regulator. This decision is framed within the context of meeting technical regulatory requirements and transitioning legacy reports into a new case system.
The executive summary succinctly captures the essence of the situation. It highlights that while the current budget is set at $2 million, the committee cannot deliver all 105 regulatory reports within this financial year. The summary indicates a review of work plans and updated estimates, suggesting readiness to present these findings to stakeholders.
The discussion section delves deeper into the challenges faced. It mentions that despite stress testing the budget, the full delivery of reports is not feasible. Updated estimates indicate a potential increase in costs, which have been derived from a comprehensive review. The slide outlines the need to make critical decisions on spending and scope, including options to either increase the budget or limit the number of reports delivered.
Overall, this slide serves as a strategic guide for decision-making, emphasizing the importance of aligning financial resources with regulatory obligations. It encourages a thorough evaluation of trade-offs and potential paths forward, ensuring that the committee is well-informed before proceeding. The attached breakdown of financial estimates further supports this analysis, providing clarity on the implications of each option.
This slide is part of the Structured Thinking 101: Clarity Through Storylines PowerPoint presentation.
McKinsey 3 years on staff, 15 years freelance trainer & coach | Barbara Minto Approved | BCG training designer | Coaches at FX10 and ASX 10 | Startup founder | Author | C-suite Coach.
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