TEM 814 - PRELUDE ACTIVITY (FATAGANI-VALERIO).pdf

PHD TEM

1. TEM 814 -
FINANCIAL
PLANNING AND
MANAGEMENT
PRELUDE ACTIVITY Presented by:
JENA MAE FATAGANI-VALERIO
JAY RENEE G. VALERIO
PhD TEM

2. PRESENTERS: JAY RENEE VALERIO VANESSA JANE C. LIM, PhD PROFESSOR JENA MAE FATAGANI - VALERIO

3. 1ST IMAGE a. Definition/Description:
The image represents financial planning and
scheduling, which involves creating a detailed
plan for managing financial resources over a
specific period and establishing a timeline for
implementing the plan.
It encompasses activities such as setting
financial goals, developing strategies,
allocating resources, and monitoring
progress.FINANCIAL
PLANNING AND
SCHEDULING
Image: Clipboard with flowchart, pencil, calendars
with checkmarks, and a clock.
b. Purpose:
The purpose of financial planning and
scheduling is to:
a.Establish clear financial goals and
objectives.
b.Develop strategies and plans to achieve
those goals.
c.Allocate financial resources effectively.
d.Create a timeline for implementing the plan
and tracking progress.
e.Ensure financial stability and sustainability.

4. c. Significance:
The significance of financial planning and scheduling is highlighted by the image's components:
a.Clipboard with Flowchart: Represents the structured planning process and the steps involved in
achieving financial goals.
b.Pencil: Symbolizes the act of planning, documenting, and making adjustments to the financial
plan.
c.Calendars with Checkmarks: Signify the importance of timelines, deadlines, and milestones in
financial planning.
d.Clock: Emphasizes the critical role of time management in ensuring that financial goals are
achieved on schedule.
Interconnectedness:
Planning (Clipboard, Flowchart, Pencil): The clipboard, flowchart, and pencil represent the planning
phase, where financial goals are defined, strategies are developed, and resources are allocated.
Scheduling (Calendars, Clock): The calendars and clock ensure that financial activities are scheduled
and executed in a timely manner.
All Components: All components are interconnected to ensure that financial plans are well-defined,
properly scheduled, and executed efficiently.FINANCIAL PLANNING
AND SCHEDULING

5. Influence on Organizational Performance and Sustainability:
1.Improved Financial Control: Effective financial planning and scheduling provide
organizations with better control over their finances, helping to prevent
overspending and ensure that resources are used efficiently.
2.Enhanced Resource Allocation: By allocating resources strategically, organizations
can optimize their investments and improve their return on investment (ROI).
3.Better Decision-Making: A well-managed financial plan provides management with
the information they need to make sound financial decisions, allocate resources
effectively, and manage risks.
4.Increased Sustainability: By ensuring financial stability and promoting responsible
resource management, effective financial planning and scheduling contribute to
the long-term sustainability of the organization.FINANCIAL PLANNING
AND SCHEDULING

6. 2ND IMAGE a. Definition/Description:
The image represents budgeting and
resource allocation, which are critical
components of financial management.
Budgeting involves creating a detailed
plan for how financial resources will be
used over a specific period.
Resource allocation is the process of
assigning and managing assets in a
manner that supports the organization's
strategic goals.BUDGETING AND
RESOURCE ALLOCATION
Image: Clipboard with a dollar sign and
checkmarks, a calculator, a pen, and a coin
with a dollar sign.
b. Purpose:
The purpose of budgeting and resource
allocation is to:
a.Create a financial roadmap that aligns with
organizational objectives.
b.Allocate resources efficiently to various
activities and projects.
c.Establish performance targets and monitor
progress.
d.Control spending and ensure financial
discipline.
e.Optimize the use of financial resources to
maximize returns.

7. c. Significance:
The significance of budgeting and resource allocation is highlighted by the image's components:
a.Clipboard with Dollar Sign and Checkmarks: Represents the process of reviewing and approving
budget items, ensuring they align with financial goals.
b.Calculator: Symbolizes the calculations and analysis required to create and manage budgets
effectively.
c.Pen: Represents the documentation and record-keeping aspects of the budgeting process.
d.Coin with Dollar Sign: Represents the financial resources being allocated and managed.
Interconnectedness:
Planning and Calculation (Calculator & Clipboard): The calculator is used to perform the calculations
needed to create the budget, which is then documented and reviewed on the clipboard.
Execution and Tracking (Pen & Coin): The pen is used to track how the financial resources (coin) are
allocated and managed according to the budget.
All Components: All components are interconnected to ensure that the budget is created, approved,
managed, and monitored effectively.BUDGETING AND RESOURCE ALLOCATION

8. Influence on Organizational Performance and Sustainability:
1.Improved Financial Control: Effective budgeting and resource allocation provide
organizations with better control over their finances, helping to prevent
overspending and ensure that resources are used efficiently.
2.Enhanced Resource Utilization: By allocating resources strategically,
organizations can optimize their investments and improve their return on
investment (ROI).
3.Better Decision-Making: A well-managed budget provides management with the
information they need to make sound financial decisions, allocate resources
effectively, and manage risks.
4.Increased Sustainability: By ensuring financial stability and promoting
responsible resource management, effective budgeting and resource allocation
contribute to the long-term sustainability of the organization.BUDGETING AND RESOURCE ALLOCATION

9. 3RD IMAGE a. Definition/Description:
The image represents the procurement process,
which involves acquiring goods and services
needed by an organization to operate effectively.
It encompasses activities such as identifying
requirements, sourcing suppliers, negotiating
contracts, purchasing goods, and managing
supplier relationships.
b. Purpose:
The purpose of the procurement process is to:
a.Obtain goods and services that meet the
organization's needs in terms of quality,
quantity, and timeliness.
b.Manage costs effectively and achieve the best
value for money.
c.Minimize risks associated with the supply chain.
d.Ensure compliance with relevant regulations
and ethical standards.
e.Support the organization's strategic objectives. C. SIGNIFICANCE:
The significance of the procurement process is
highlighted by the image's components:
a.Chess Knight: Represents strategic thinking,
planning, and decision-making in the procurement
process. It symbolizes the need to make informed
choices about suppliers, contracts, and procurement
methods.
b.Calendar with Checkmark: Signifies the importance of
timelines, deadlines, and milestones in the
procurement process. It emphasizes the need to plan
and schedule procurement activities to meet
operational needs.
c.Strategic Symbols (Arrows, X's, and O's): Represent
the various strategies and tactics used in the
procurement process, such as competitive bidding,
negotiation, and supplier relationship management.
Image: Chess knight, calendar with
checkmark, and strategic symbols
(arrows, X's, and O's).PROCUREMENT
PROCESS

10. Interconnectedness:
1.Planning (Chess Knight & Strategic Symbols): The chess knight and strategic symbols represent the planning
phase, where procurement strategies are developed to meet organizational needs.
2.Execution (Calendar & Strategic Symbols): The calendar ensures that procurement activities are scheduled
and executed in a timely manner, while the strategic symbols guide the selection of appropriate procurement
methods and suppliers.
3.All Components: All components are interconnected to ensure that procurement activities are planned
strategically, executed efficiently, and contribute to the organization's overall success.
Influence on Organizational Performance and Sustainability:
1.Cost Savings: Effective procurement can lead to significant cost savings by identifying opportunities for price
reductions, negotiating favorable terms with suppliers, and streamlining procurement processes.
2.Supply Chain Efficiency: A well-managed procurement process ensures that goods and services are acquired
efficiently, minimizing delays and disruptions in the supply chain.
3.Risk Management: The procurement process helps in identifying and mitigating risks associated with the supply
chain, such as supplier failures, quality issues, and price volatility.
4.Competitive Advantage: Strategic procurement can support innovation and competitive advantage by sourcing
new technologies, materials, and processes that enhance the organization's capabilities.
5.Sustainability: By promoting ethical sourcing practices, reducing waste, and supporting environmentally
friendly suppliers, the procurement process can contribute to the organization's sustainability goals. PROCUREMENT PROCESS

11. A. DEFINITION/DESCRIPTION:
Strategic planning in business involves defining the
organization's long-term goals and objectives, and
developing strategies to achieve them.
It encompasses analyzing the internal and external
environment, identifying opportunities and threats, and
making decisions about resource allocation.
B. PURPOSE:
The purpose of strategic planning is to:
a.Provide a clear direction for the organization.
b.Align resources and activities with strategic goals.
c.Anticipate and adapt to changes in the business
environment.
d.Gain a competitive advantage.
e.Ensure long-term sustainability.4TH IMAGE C. SIGNIFICANCE:
The significance of strategic planning is
highlighted by the image's components:
a.Clipboard with Checkmarks:
Represents the formal
documentation and approval of the
strategic plan.
b.Pie Chart: Symbolizes the analysis of
market share, resource allocation, or
other key strategic data.
c.Hand Holding Dollar Bills: Represents
the financial resources that will be
allocated to support the strategic
plan. STRATEGIC PLANNING

12. Interconnectedness:
1.Analysis and Planning (Pie Chart & Clipboard): The pie chart is used to analyze data relevant to
strategic planning, and the results are then documented and formalized on the clipboard.
2.Resource Allocation (Clipboard & Hand Holding Money): The strategic plan (clipboard) guides
the allocation of financial resources (hand holding money).
3.All Components: All components are interconnected to ensure that strategic plans are based on
sound analysis, properly documented, and supported by adequate financial resources.
Influence on Organizational Performance and Sustainability:
1.Clear Direction: Strategic planning provides a clear direction for the organization, helping to
align efforts and resources towards common goals.
2.Competitive Advantage: By anticipating changes and adapting to the environment, strategic
planning helps organizations gain a competitive advantage.
3.Resource Optimization: Strategic planning helps in allocating resources effectively, maximizing
returns and promoting sustainability.
4.Long-Term Sustainability: By focusing on long-term goals and adapting to change, strategic
planning contributes to the long-term sustainability of the organization. STRATEGIC PLANNING

13. a. Definition/Description:
Financial forecasting and analysis involves
predicting future financial outcomes based on
historical data, current trends, and anticipated
events. It also includes evaluating financial
performance to make informed decisions.
b. Purpose:
The purpose of financial forecasting and analysis is
to:
a.Provide insights into future financial conditions.
b.Support strategic planning and decision-making.
c.Assess the financial health and stability of the
organization.
d.Identify opportunities for improvement and
growth.
e.Manage risks and ensure financial sustainability.5TH IMAGE FINANCIAL FORECASTING AND
ANALYSIS
c. Significance:
The significance of financial forecasting and
analysis is highlighted by the image's
components:
a.Magnifying Glass over Bar Graph:
Represents the detailed examination of
financial trends and data.
b.Dollar Coin and Bill: Represent the
financial resources being analyzed and
the potential outcomes of financial
decisions.
c.Line Graph: Symbolizes the visualization
of trends over time, which is a key
component of forecasting.

14. Interconnectedness:
1.Data Analysis (Magnifying Glass & Bar Graph): The magnifying glass highlights the detailed analysis of financial
data presented in the bar graph.
2.Trend Visualization (Line Graph): The line graph visualizes trends over time, providing insights into future
financial performance.
3.Financial Resources (Dollar Coin and Bill): The financial resources represent the potential outcomes of financial
decisions based on the data and forecasts.
4.All Components: All components are interconnected to ensure that financial forecasts are based on sound
analysis and used to guide financial decisions.
Influence on Organizational Performance and Sustainability:
1.Informed Decision-Making: Financial forecasting and analysis provide management with the information they
need to make sound financial decisions, allocate resources effectively, and manage risks.
2.Strategic Planning: By providing insights into future financial conditions, financial forecasting and analysis
support strategic planning and help organizations set realistic goals.
3.Risk Management: Financial forecasting and analysis help in identifying and mitigating potential financial risks,
protecting the organization from losses.
4.Resource Efficiency: By optimizing resource allocation and improving financial performance, financial
forecasting and analysis contribute to the long-term sustainability of the organization. FINANCIAL FORECASTING AND
ANALYSIS

15. a. Definition/Description:
The image represents the integration of risk
management, corporate governance, and ethical
decision-making. Risk management involves identifying,
assessing, and mitigating potential risks that could impact
the organization. Corporate governance refers to the
system of rules, practices, and processes by which a
company is directed and controlled. Ethical decision-
making involves making choices that align with moral
principles and values.
b. Purpose:
The purpose of integrating risk management, corporate
governance, and ethical decision-making is to:
a.Protect the organization from potential threats and
losses.
b.Ensure that the organization is managed responsibly
and ethically.
c.Promote transparency and accountability.
d.Build trust with stakeholders.
e.Enhance long-term sustainability.6TH IMAGE RISK MANAGEMENT, CORPORATE
GOVERNANCE AND ETHICAL
DECISION-MAKING
c. Significance:
The significance of this integration is highlighted by
the image's components:
a.Businessman with Shield: Represents the role of
leadership in protecting the organization from
risks and ensuring good governance. The shield
symbolizes risk mitigation and protection.
b.Risk Icons (Umbrella/Rain, Lightning/House,
Exclamation Mark): Represent the various types
of risks that organizations face, such as financial
risks, operational risks, and compliance risks.
c.Coins: Represent the financial resources that are
at stake and the need to manage them
responsibly.
d.Chess Pieces (Knight and Pawn): Represent
strategic decision-making and the need to
consider the long-term implications of decisions.Image: Businessman with a shield, surrounded by icons representing
various risks (umbrella/rain, lightning/house, exclamation mark),
coins, and chess pieces (knight and pawn).

16. Interconnectedness:
1.Risk Assessment (Risk Icons): The risk icons represent the identification and assessment of potential risks.
2.Risk Mitigation (Shield): The shield symbolizes the measures taken to mitigate or reduce the impact of
identified risks.
3.Strategic Decision-Making (Chess Pieces): The chess pieces represent the strategic decisions that must be
made to balance risk and reward.
4.Corporate Governance (Businessman): The businessman represents the leadership and governance
structures that oversee risk management and ensure ethical decision-making.
Influence on Organizational Performance and Sustainability:
1.Reduced Losses: Effective risk management helps in reducing potential losses from financial risks,
operational risks, and compliance risks.
2.Improved Decision-Making: Integrating risk management with corporate governance ensures that
decisions are made in a responsible and ethical manner, considering the long-term implications.
3.Enhanced Stakeholder Trust: Strong corporate governance and ethical decision-making build trust with
stakeholders, including investors, employees, customers, and regulators.
4.Long-Term Sustainability: By managing risks effectively and promoting ethical behavior, organizations can
enhance their long-term sustainability and create value for stakeholders.RISK MANAGEMENT, CORPORATE
GOVERNANCE AND ETHICAL
DECISION-MAKING

17. a. Definition/Description:
The image represents the implementation and evaluation
of organizational plans, which are crucial steps in the
strategic management process. Implementation involves
putting the plans into action, while evaluation involves
assessing the effectiveness of the implemented plans in
achieving the desired outcomes.
b. Purpose:
The purpose of implementing and evaluating
organizational plans is to:
a.Translate strategic plans into concrete actions.
b.Monitor progress and identify any deviations from the
plan.
c.Assess the effectiveness of the implemented plans in
achieving organizational goals.
d.Identify areas for improvement and make necessary
adjustments.
e.Ensure that the organization is on track to achieve its
strategic objectives.
1. 7TH IMAGE IMPLEMENTATION AND EVALUATION OF
ORGANIZATIONAL PLANS Image: Clipboard with checkmarks, a thumbs-up icon, and a thumbs-
down icon. c. Significance:
The significance of implementation and
evaluation is highlighted by the image's
components:
a.Clipboard with Checkmarks: Represents the
formal documentation of the plan and the
tracking of progress against key milestones.
b.Thumbs-Up Icon: Signifies that the plan is
being implemented successfully and
achieving the desired outcomes.
c.Thumbs-Down Icon: Signifies that the plan
is not being implemented effectively or is
not achieving the desired outcomes,
indicating the need for corrective action.

18. Interconnectedness:
1.Plan Implementation (Clipboard with Checkmarks): The clipboard represents the plan and the
tracking of its implementation.
2.Evaluation (Thumbs Up/Down): The thumbs-up and thumbs-down icons represent the evaluation of
the plan's effectiveness.
3.All Components: All components are interconnected to ensure that plans are implemented
effectively, progress is tracked, and performance is evaluated to make necessary adjustments.
Influence on Organizational Performance and Sustainability:
1.Improved Execution: Effective implementation ensures that strategic plans are translated into
concrete actions, leading to better execution of organizational strategies.
2.Performance Monitoring: Evaluation allows organizations to monitor progress against key milestones
and identify any deviations from the plan.
3.Continuous Improvement: By identifying areas for improvement and making necessary adjustments,
evaluation promotes continuous improvement and ensures that the organization is on track to
achieve its strategic objectives.
4.Accountability: The implementation and evaluation process ensures accountability by tracking
progress, identifying successes and failures, and making necessary adjustments. IMPLEMENTATION AND EVALUATION OF
ORGANIZATIONAL PLANS

19. 8TH IMAGE APPLICATIONS IN FINANCIAL
MANAGEMENT PROCESS Image: Circular diagram showing interconnected icons
representing different aspects of financial planning and
management. The icons include:
1.Planning and Scheduling (Clipboard, Flowchart,
Calendar, Clock)
2.Budgeting and Resource Allocation (Clipboard, Dollar
Sign, Calculator, Pen)
3.Procurement Process (Chess Knight, Calendar,
Strategic Symbols)
4.Strategic Planning (Clipboard, Pie Chart, Hand with
Money)
5.Financial Forecasting and Analysis (Magnifying Glass,
Bar Graph, Line Graph, Money)
6.Risk Management and Corporate Governance
(Businessman, Shield, Risk Icons, Chess Pieces)
7.Implementation and Evaluation (Clipboard, Thumbs
Up/Down)

20. APPLICATIONS IN FINANCIAL
MANAGEMENT PROCESS a. Definition/Description:
The image represents a holistic and cyclical view of the
financial planning and management process within an
organization. It illustrates how different components of
financial management are interconnected and contribute to
the overall financial health and sustainability of the
organization.
b. Purpose:
The purpose of this flow process is to:
a.Provide a structured and integrated approach to managing
financial resources.
b.Ensure that financial decisions are aligned with strategic
objectives.
c.Optimize resource allocation and utilization.
d.Manage risks effectively and promote ethical behavior.
e.Continuously monitor and improve financial performance. c. Significance:
The significance of the financial planning and
management flow process is highlighted by the
interconnectedness of its components:
a.Each component (planning, budgeting,
procurement, strategic planning, forecasting,
risk management, implementation, and
evaluation) plays a crucial role in the overall
process.
b.The cyclical nature of the process emphasizes
the need for continuous monitoring,
evaluation, and improvement.
c.The integration of different aspects of
financial management ensures that decisions
are made in a holistic and coordinated
manner.

21. APPLICATIONS IN FINANCIAL
MANAGEMENT PROCESS Interconnectedness:
The image clearly shows how each component is linked to the others in a circular flow.
a.Planning and Scheduling informs Budgeting and Resource Allocation.
b.Budgeting and Resource Allocation enables the Procurement Process.
c.The Procurement Process supports Strategic Planning.
d.Strategic Planning relies on Financial Forecasting and Analysis.
e.Financial Forecasting and Analysis informs Risk Management and Corporate Governance.
f.Risk Management and Corporate Governance influence Implementation and Evaluation.
g.Implementation and Evaluation provide feedback for Planning and Scheduling, completing the cycle.
Influence on Organizational Performance and Sustainability:
1.Comprehensive Financial Management: The flow process ensures that all aspects of financial management are considered
in a coordinated and integrated manner.
2.Strategic Alignment: By linking financial decisions to strategic objectives, the flow process helps in aligning resources and
activities with organizational goals.
3.Continuous Improvement: The cyclical nature of the process promotes continuous monitoring, evaluation, and
improvement, leading to better financial performance over time.
4.Long-Term Sustainability: By managing risks effectively, promoting ethical behavior, and optimizing resource allocation, the
flow process contributes to the long-term sustainability of the organization.
5.

22. Effective financial planning and management are
crucial for organizations to achieve their
strategic goals by ensuring resources are
allocated efficiently and financial risks are
mitigated.
Ultimately, these practices drive long-term
sustainability and enhance stakeholder value by
promoting financial stability and responsible
decision-making. CONCLUSION