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ACTIONPLAN08/08/2016to16/12/2016
PERSPECTIVE TASKS ACTION KEYPEOPLE TARGETDATE
A FINANCIAL
1 CASHFLOWFORECASTING Reviewthecurrentarrangementsforcashflowforecasting.ProviderecommendationstoSeniorLeadershipforrevisedcashflowforecastingarranagements. R.G.andN.O 31/08/16
1A Design,adaptandlaunchaLongRangeintegratedcashflowforecastingmodel. R.G.andN.O 30/09/16
1B Design,adaptandlaunchtheShortTermcashflowforecastensuringthisreconcileswiththeLongRangemodel. R.G.andN.O 30/09/16
2 FRS102MODELLING PrepareforecastsandappraisetheimpactofFRS102translationofaccounts. R.G.andN.O 31/08/16
3 PROJECTDUBAI ToprojectmanagethelaunchoftheDubaibusinessunitwithareportontheproposedlaunch. R.G.andN.O 31/08/16
4 CAPITALPROJECTS ToassessthenewofficebuildingpurchaseinSW11,London-provideandupdatereport. R.G.andN.O 31/08/16
5 MANAGEMENTACCOUNTSREVIEW Toreviewdetaileditemsinthemanagementaccountswithaviewtodeterminingopportunitiesforreviewandsaving. R.G.A.B.andJ.M 11/09/2016
5A IncomeBudget SMEFees-exploreopportunitiesforfurthergrowth-currentyearpositionsoffersroomforadditionalincome.ProvideanupdatetothenextBoardmeeting.
R.G.andA.B. 25/09/16
ProjectBasedIncome:akeytargetthatdeterminesfuturegrowth.Significantgrowthhasalreadybeenachievedwiththelikelihoodofrecordstobebroken.Updatetheforecast.
R.G.andA.B. 25/09/16
InterimDivision.Thisareahasprovendisappointing-provideanupdatedforecastwithmitigations. R.G.A.B.andJ.M 25/09/16
Providing creative solutions to your business problems
OverseasIncomeisanewareathatrequirescarefulmonitoringandreview-imperativetoprepareanupdatedforecast
R.G.A.B.andJ.M 25/09/16
5B StaffingItems Arestaffingcostsdirectlylinkedtoactivity?Reviewtheconsultanthours;plannedhoursandpipeline;arewegeneratingapositivereturnfromallconsultancycontracts? R.G.A.B.andJ.M 11/09/2016
Eliminateanywastage:i)Re-deploytofillvacancies;ii)ReduceHours;iii)Replacecasualhoursandfinaloptioniv)voluntaryseverance-lookatallopportunitiesforsavingstohelpimprovebottomline. R.G.A.B.andJ.M 30/09/2016
Frontlinepaycostsasapercentageofincomeistouching55%-canthisbereducedto50%?ProvideanupdatetothenextBoardmeeting. RG,J.M. 30/09/2016
Deepdivesarerequiredtoanalyseandinterpretthoseincomegeneratingareasthatarelowperformingintermsofcontribution RG,J.M. 30/09/16
Benchmarkinterimday-rateswithotheragencies-needtoobtainanaccuratedayrate-reduceourratesifnecessarytowinmarketshare. RG,J.M. 30/09/16
5C NonPayspend Estatescostsrepresent47%ofcontrollablenonpayspend.Canthisbereducedwithoutimpactingonfrontlineservices? RG,J.M. 30/09/16
Marketingspendof£675kshouldbeanalysedtoassesstheimpactofsocialmediacampaignstoreplacegeneraladvertising.Canprintbereplacedbyonline-informationrequiredfor2017budget. RG,J.M. 31/10/16
LookatPIinsuranceandassessanypotentialforsavingsintheforthcomingtender. RG,J.M. 31/10/16
Reviewhotelarrangementsforconsultantsandassessimpactofforthcomingtender. RG,J.M. 31/10/16
ProfessionalDevelopmentspendtotals£737k-howmuchofthisisnon-controllablespendandhowmuchisgeneraldiscretionaryspend?Deepdiveanalysisrequired RG,J.M. 31/10/16
Subscriptionsappearanareawheresomesavingsshouldbeachievablefromthe£274kspendin2016.Seeschedule. RG,J.M. 31/10/16
Rentof£350kwasspentin2016-areanyofthesesatelliteoffficesstillrequired?Seeschedule. AG,NO, 30/11/16
Amessageofspendingessentialitemsonly=ITConsumables£137k;OfficeEquipment£68k;Printing&Stationary£77k.UpdateateachBoardmeetingandlikelyoutturn. AG,NO, 30/11/16
Hospitalityspendtotals£140kwhichshouldbereducedasittendstobediscretionaryspend.Atargetshouldbeagreedandthenbudgetheldcentrally. AG,NO, 30/11/16
Printmediaspendtotals£405kwhichshouldbereviewed-areMFDsinuse?AretheyallswitchedontoB/Wonly?QuickreviewandthenreportbacktoBoard. AG,NO, 31/10/16
AdvertisingandPromotionstotals£383k.WhatistheR.O.I.assessment?CantheresultsbeexceededbyfocussingonSocialMediaandonlinepromotions?ProvidereporttoBoard. AG,NO, 30/11/16
FreelanceConsultantstotals£1.7m.Thisoughttobereviewedandassessedforappropriatenessandeffectiveness. AG,NO, 30/11/16
B CUSTOMER
Ensurethefinancialpositionisimprovedinlinewithagreedstrategy. R.G.andP.R. 18/09/16
Exploreitemsforincomegrowth:SMEs,consultancycontracts,interimassignmentsandinternational. R.G.andP.R. 18/09/16
2 Board Ensurereportsarepreparedregularly;timelyandaccuratelyensuringallmembersareapprisedofthefinancialpositionofthecompany.
R.G.A.B.andJ.M. 18/09/16
3 LloydsBankplc AgreethetransferofdaytodaybankingwithLloydsandobtainfinalHoTswithregardtotheloan.ProvideBoardwithanindependentview
R.G.andJ.M. 14/11/16
4 Servicemanagers Providingsupportandguidancewhereappropriateensuringprioritiesarerealisedandcollectiveactionsarecompletedonatimelybasis.
LTcolleagues ON-GOING
5 Consultants Liaise,adviseandworkcloselywithconsultantswithaviewtoengagingtheminshapingfuturestrategyandgrowth.
R.Gandothers ON-GOING
LeadershipTeamcolleagues1
C PEOPLE
1a CEOToprovideN.O.withanysupportandadvicethatshemayrequireduringtheprocessoffinancialefficiencyandimprovement. R.G.andP.R. ON-GOING
1bToprovidesupporttoN.O.toensurethattherelationshipwithstakeholdersremainspositiveandservesthebestinterestsofthecompany. R.G.andP.R. ON-GOING
1c ToprovideN.O.withanysupportshemayrequirewithregardtoprocessesandsystemsatcompany. R.G.andP.R. ON-GOING
2a AbdullahHussainToprovideA.H.withanyhelpshemayrequirewithregardtothesupportfunctionsoffinanceandMIensuringalldatareportsareprovidedinatimelymanner. R.G.andE.T. ON-GOING
3a ToworkcloselywithP.A.toensurecostsavingsarerealisedandmonitored.Andincometargetsaremonitoredandanypre-emptiveactiontaken.
R.H.andP.A. ON-GOING
3b TosupportP.A.inthepreparationofmonthlymanagementaccountsandinparticularforecastingandappraisal.
R.H.andP.A. ON-GOING
3c Toprovidethesupportandanyadviceonthepreparationoftherollingtwelvemonthcashflowforecast. R.H.andP.A. 18/10/16
3d WorkcloselywithP.A.withregardtoprocurementactivitiesinrelationtohotelsandinsurance R.H.andP.A. 18/10/16
4a NeilHollioake ToworkcloselywithN.H.toensureareportingcycleisagreedsothatdataandreportingrequirementsarefulfilledonatimelyandefficientbasis
R.G.andN.H. ON-GOING
4b EnsurethatMISareseenaspro-activeandmeettheneedsofcolleaguesandstakeholders.WorkcloselywithN.H.toensurethatthisisthecase
R.G.andN.H. ON-GOING
5a ProvideM.C.withthenecessarysupportandguidancewithregardtotheplanningprocessesatthecompany R.G.andM.C 18/10/16
5bToworkwiththeInterimVPandhelpcompletetheminireviewofstaffingtoconsolidateMarketingandBusinessDevelopmentUnit. R.G.andM.C 28/11/16
5c ToprepareforBoardapprovalafeespolicytoinformbusinessplanningand2017budget. R.G.andM.C 28/11/16
MakhanChorr
PushaqAlhari
DSYSTEMSANDPROCESSES
1 FRS102WorkcloselywithA.B.andE.T.toensurethattheproductcostingandcontributionanalysisisaddedtothebusinessplanningprocess R.G.andothers 04/12/16
2 CashflowForecastingThedataandreportsfromthebusinessplanningprocessshouldfeedintothebudgetprocess-ensurethisisoptimised R.G.andothers 18/11/16
3 ReportingCyclePrepareandagreea"ReportingCycle"whichencapsulatesallofthebusinesscriticalreportsandinformationrequiredforsuccess. R.G.andothers 18/11/16
