Beyond Bean Counting – Strategic Role of Component Finance
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Workshop to PMI’s Asia PAC Leadership Institute Conference at Bangkok in Feb’06.
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Beyond Bean Counting – Strategic Role of Component Finance
- 1. Component Finance : Bean Counter to a Strategic Thinker 25 February 2006 16.00-17.00 by Saji Madapat PMI Component Mentor, Asia
- 9. Size does matter . . . Resulting behavior Component Size You should be up here presenting with me . . . Over 2,000 If you are here today someone please call an auditor . . . 1,200 to 2,000 members Budgets are getting scary . . . need a professional bookkeeper . . . 600 to 1,200 members Now knows PMI wants $200 for Insurance premiums . . . 100 to 600 members Knows where the chequebook is, not sure about the Bank . . . Less than 100 members
- 10. Lots of money involved . . . . . . $60,000 to $500,000 $40,000 to $160,000 $24,000 to $72,000 $12,000 to $36,000 $2,500 to $5,000 Potential Budget Reserves Component Size $15,000 to $125,000 Over 2,000 $10,000 to $40,000 1,200 to 2,000 members $6,000 to $18,000 600 to 1,200 members $3,000 to $9,000 100 to 600 members $625 to $1,250 Less than 100 members
Editor's Notes
- Pushing component to perform better at every level of the organization. Only finance has the broad organizational reach, the rich understanding of the numbers behind the business, and the analytical training necessary to provide this support.