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Customer-Driven Budgeting by Floyd Talbot

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Chapter 14

Execution Plan

Execute your budget, not your people.

The execution plan is the most often missed segment of the budget. To be able to stay on target with business objectives, you must have an execution plan. The execution plan is essentially a project that the Project Leader (or CFO) continues to lead after the completion of the budget. The execution plan lays out the implementation of the budget. This implementation has several critical elements:

1.The progress of objectives and corresponding actions and milestones, revenue, and costs associated with them

2.Status of issues and challenges for meeting objectives

3.Status meeting preparation and their agenda

4.Financial performance status

5. Corrective actions or re-forecasts

Prerequisites ...

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