Process Governance

Is Corporate Planning a responsibility of finance departments?

The more important planning becomes, the more important it is to have a clear responsibility for the respective processes.

Who is responsible for planning? Who „owns“ this process? Who takes care that timelines are set up and adhered to? Who communicates assumptions?

Companies handle governance very differently. Sometimes it is in the hands of finance departments, sometimes responsibility is spread over different operational departments. Also management support is different from company to company. What’s the situation like in your company?