This assessment is about identifying, developing, agreeing and monitoring a financial plan that supports strategic
Learners may use their own employment context, or that of another organisation with which they are very
familiar, to base their assignment. However, in the case that they are not able to do so, please use the below
You are a manager in a medium sized organisation whose board have decided to embark on a growth strategy.
Your manager is aware that you are looking for progression in the business in continuance of your management
career and has invited you to lead the task group to investigate and report back on what needs to be considered
and actioned as part of the financial planning process. The Board will need to ratify the plan before it can be
actioned and, the last time such an activity was undertaken was several years ago and many things have
changed both internally and externally since then. The tasks below will now guide you through the specific
aspects of the activity.
» TASK 1
The focus and intent of the organisational strategy will have financial implications and impacts on financial
planning in order to support its aims and objectives. Explain with examples, how the organisation’s strategy could
influence and impact on the financial plan and why both should be interrelated.
Explain at least four issues of risk associated with a financial plan evaluating the level of each risk; at least two of
the issues identified should be high risk (in that they would have profound influence on the achievement of
For your chosen two high risk issues identify mitigation strategies for them. Consider external factors that may
increase the level of risk for these components.
Guideline word count: 800 – 1,000 words