Planning & Controlling

There is a deep relationship between the controlling and planning functions of management. Showing the importance of their relationship, it is generally said that planning is meaningless without controlling and controlling is blind without planning.

Several improvement areas are associated with the CFO new role, including:

  • Linking strategic goals to initiatives, key performance indicators, and people.
  • Enabling understanding of what drives cost and profitability across the relevant business dimension.
  • Promoting collaboration and engagement across the organization on strategic initiatives, plans, budgets, and rolling forecasts.

 

Controlling

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