Financial Health Management A Complete Guide - 2020 Edition. Gerardus Blokdyk
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118. How did the Financial Health Management manager receive input to the development of a Financial Health Management improvement plan and the estimated completion dates/times of each activity?
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119. How would you define the culture at your organization, how susceptible is it to Financial Health Management changes?
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120. Will a Financial Health Management production readiness review be required?
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121. What sort of initial information to gather?
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122. What is the context?
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123. If substitutes have been appointed, have they been briefed on the Financial Health Management goals and received regular communications as to the progress to date?
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124. What is in the scope and what is not in scope?
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125. Are customer(s) identified and segmented according to their different needs and requirements?
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126. Is the Financial Health Management scope manageable?
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127. Are improvement team members fully trained on Financial Health Management?
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128. How do you manage changes in Financial Health Management requirements?
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129. Do the problem and goal statements meet the SMART criteria (specific, measurable, attainable, relevant, and time-bound)?
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130. Is the Financial Health Management scope complete and appropriately sized?
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131. How do you gather the stories?
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132. What are the rough order estimates on cost savings/opportunities that Financial Health Management brings?
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133. Is there a clear Financial Health Management case definition?
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134. Will team members regularly document their Financial Health Management work?
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135. What constraints exist that might impact the team?
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136. What defines best in class?
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137. When are meeting minutes sent out? Who is on the distribution list?
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138. What is the worst case scenario?
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139. Is full participation by members in regularly held team meetings guaranteed?
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140. What are the Financial Health Management use cases?
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141. Are accountability and ownership for Financial Health Management clearly defined?
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Add up total points for this section: _____ = Total points for this section
Divided by: ______ (number of statements answered) = ______ Average score for this section
Transfer your score to the Financial Health Management Index at the beginning of the Self-Assessment.
CRITERION #3: MEASURE:
INTENT: Gather the correct data. Measure the current performance and evolution of the situation.
In my belief, the answer to this question is clearly defined:
5 Strongly Agree
4 Agree
3 Neutral
2 Disagree
1 Strongly Disagree
1. How do you verify your resources?
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2. What happens if cost savings do not materialize?
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3. What can be used to verify compliance?
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4. Are indirect costs charged to the Financial Health Management program?
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5. Has a cost center been established?
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6. Which costs should be taken into account?
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7. How do you prevent mis-estimating cost?
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8. How long to keep data and how to manage retention costs?
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9. What relevant entities could be measured?
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10. What is an unallowable cost?
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11. How do you measure variability?
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12. Are you aware of what could cause a problem?
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13. How do you aggregate measures across priorities?
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14. What do people want to verify?
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15. Do you aggressively reward and promote the people who have the biggest impact on creating excellent Financial Health Management services/products?
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16. What is the Financial Health Management business impact?
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17. What is the cause of any Financial Health Management gaps?
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18. Did you tackle the cause or the symptom?
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19. How will measures be used to manage and adapt?
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20. What causes extra work or rework?
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21. Where can you go to verify the info?
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22. What are the Financial Health Management key cost drivers?
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23. How do you control the overall costs of your work processes?
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24. Are actual costs in line with budgeted costs?
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25. Why do you expend time and effort to implement measurement, for whom?
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26. How can you reduce the costs of obtaining inputs?
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27. What is your decision requirements diagram?
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28.