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	<title>Performance Controller &#187; performance management</title>
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	<link>http://www.performancecontroller.com/blog</link>
	<description>Performance Management matters!</description>
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		<title>Budget time: What again, already?</title>
		<link>http://www.performancecontroller.com/blog/2009/08/budget-time-what-again-already/</link>
		<comments>http://www.performancecontroller.com/blog/2009/08/budget-time-what-again-already/#comments</comments>
		<pubDate>Sat, 01 Aug 2009 00:04:01 +0000</pubDate>
		<dc:creator>Dr Kitipan Kitbamroong</dc:creator>
				<category><![CDATA[Performance Management]]></category>
		<category><![CDATA[Allocation]]></category>
		<category><![CDATA[assumptions]]></category>
		<category><![CDATA[Budgeting]]></category>
		<category><![CDATA[CFO]]></category>
		<category><![CDATA[corporate finance]]></category>
		<category><![CDATA[funding]]></category>
		<category><![CDATA[manpower]]></category>
		<category><![CDATA[performance management]]></category>
		<category><![CDATA[priorizatization]]></category>
		<category><![CDATA[Productivity]]></category>

		<guid isPermaLink="false">http://www.performancecontroller.com/blog/?p=4032</guid>
		<description><![CDATA[It's the time of the year again when many organisations are preparing plans and budget assumptions for year 2010. It may be good to time to dust off the steps we looked at in earlier articles budget assumptions, allocation and management of the budget.

Reports  shows that, of the top 100 stock listed companies, the average time used for planning and budget preparation is not long at all. But this is  in stark contrast to the time taken on analysis of budgets and revisions. This latter phase  iterates over a much longer time as and discussion takes  place as to how and if it is well coordinated to accommodate the companies' s strategy.

After top down business PLANS and budget ASSUMPTIONS are set, generally there are three budgeting phases. The first is a  bottom up estimate of MANPOWER REVENUE and OPEX and CAPEX. This is  then followed by ALLOCATIONS, and an operational PRIORITIZATION phase and finally the Capital  FUNDING phase for approval review.
There are also many schools of thought that the budget step should be eliminated as it seems to waste so much time. This may good if rolling forecasts are well defined to place the annul budget but generally this only replaces the first phase.  Many also subscribe the the thought that to much short term focus limits the organisation ability to focus and can cause it to falter. Doing budgets in the traditional way tends to allows greater focus also on the 3 year plan and draws a distinct line in the sand in on commitments by operations .

But either way, make no mistake, the budget is a vital process to get alignment for the organisation The better this is done the better the result. The final document is underpins the agreements reached for performance for the ensuing year and it a solid reference point to measure against and  provides for consideration by external stakeholders . People such as shareholders, business partners, creditors and banks and financing institutions enjoy a much greater degree of confidence when budgets are well thought through and are likely to remain or increase any involvement.]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Adapting flexible working patterns</title>
		<link>http://www.performancecontroller.com/blog/2009/06/adapting-flexible-working-patterns/</link>
		<comments>http://www.performancecontroller.com/blog/2009/06/adapting-flexible-working-patterns/#comments</comments>
		<pubDate>Mon, 22 Jun 2009 18:00:00 +0000</pubDate>
		<dc:creator>Dr Kitipan Kitbamroong</dc:creator>
				<category><![CDATA[Performance Management]]></category>
		<category><![CDATA[Chief financial officer]]></category>
		<category><![CDATA[communication]]></category>
		<category><![CDATA[control]]></category>
		<category><![CDATA[Employment]]></category>
		<category><![CDATA[flexible working]]></category>
		<category><![CDATA[performance management]]></category>

		<guid isPermaLink="false">http://www.performancecontroller.com/blog/?p=3121</guid>
		<description><![CDATA[Currently around the world it looks like everyone is working to recover the economy via various stimulation packages. I would hope by the end of Q3 or early Q4, we should see some upturns. Before economies turn , the idea of flexible working is being deployed in various industries. Globally, the workforce is now more diverse than ever before, reflecting changes in society and economy. The demand for part-time and other flexible working patterns is increasing as a consequence.]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>Transform Budgets to be Investments</title>
		<link>http://www.performancecontroller.com/blog/2009/04/transforming-budgets-to-be-investments/</link>
		<comments>http://www.performancecontroller.com/blog/2009/04/transforming-budgets-to-be-investments/#comments</comments>
		<pubDate>Fri, 17 Apr 2009 17:03:00 +0000</pubDate>
		<dc:creator>Dr Kitipan Kitbamroong</dc:creator>
				<category><![CDATA[Performance Management]]></category>
		<category><![CDATA[Bottleneck]]></category>
		<category><![CDATA[Budgeting]]></category>
		<category><![CDATA[CFO]]></category>
		<category><![CDATA[corporate finance]]></category>
		<category><![CDATA[infrastructure]]></category>
		<category><![CDATA[Investing]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[performance management]]></category>
		<category><![CDATA[Stock]]></category>
		<category><![CDATA[transparency]]></category>

		<guid isPermaLink="false">http://www.performancecontroller.com/blog/?p=3047</guid>
		<description><![CDATA[If you don&#8217;t drive your business, you will be driven out of business. This B.C. Forbes quotation got me thinking..

The relevance of this in Corporate Finance is that they are responsible for investing money in their business to&#160; make money.
CFOs these days have to decide how to allocate money to different&#160; business units.
In Bangkok where [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Incentive Compensation Designs</title>
		<link>http://www.performancecontroller.com/blog/2009/03/incentive-compensation-designs/</link>
		<comments>http://www.performancecontroller.com/blog/2009/03/incentive-compensation-designs/#comments</comments>
		<pubDate>Mon, 23 Mar 2009 13:29:00 +0000</pubDate>
		<dc:creator>Dr Kitipan Kitbamroong</dc:creator>
				<category><![CDATA[Incentiviszation]]></category>
		<category><![CDATA[Performance Management]]></category>
		<category><![CDATA[AIG]]></category>
		<category><![CDATA[Allocation]]></category>
		<category><![CDATA[budget]]></category>
		<category><![CDATA[CFO]]></category>
		<category><![CDATA[compensation]]></category>
		<category><![CDATA[design]]></category>
		<category><![CDATA[excel]]></category>
		<category><![CDATA[incentive]]></category>
		<category><![CDATA[performance management]]></category>
		<category><![CDATA[revenu]]></category>
		<category><![CDATA[south western airlines]]></category>
		<category><![CDATA[time sharing]]></category>

		<guid isPermaLink="false">http://www.performancecontroller.com/blog/?p=2731</guid>
		<description><![CDATA[Recently, I was  involved in a conversations with some business leaders about incentives and compensation scheme that companies offers in today’s tough economic situation This discussion was also mindful things like the debate around  AIG’s bonuses to 73 executives where reasonable. And it asked the question is “What is the normal incentive scheme that most companies uses” and “ which one of them fits with my company?”]]></description>
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		<slash:comments>3</slash:comments>
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