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Timeline

Project Timeline

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Budget Model Development

  • Phase 1 – Project Initiation & Visioning
    Initiate effort and launch steering committee discussions by conducting stakeholder interviews, providing industry context and facilitating guiding principles development
  • Phase 2 – Financial Modeling
    Build-out a “pro-forma” model to provide a platform for testing different model alternatives
  • Phase 3 – Consensus Building
    Address change management through methodical, data-driven stakeholder engagement

 

Software Implementation

  • Workday Adaptive Planning | Enterprise Financial Planning & Budgeting Software was selected through an RFP process.
  • This tool will provide greater visibility into performance, confidence in the numbers and data-driven decision-making.
  • Implementation of the software is complete, including: the Budget Allocation Model tool, a long range planning module and a scenario planning module.
  • Report development and an end user training plan is underway.

 

Transition Period

A milestone calendar will be released following the completion of the governance structure, policy development and training plan.