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- Sometime in May 2019...
- Alright! I think I am ready for my Cost Plan for FY20. My detailed drivers informed the thinking!
- I understand your work, however, I'll need more from you. I'm giving you a $12m stretch. Please update your Plan
- OK, now I'll need to update my Plan for all the BPUs and help the business solve this stretch.
- I'll load the other $6m stretch in B4532 as agreed with the business. These drivers help me monitor the performance, and HFM provides a limited view. Its hard for me to toggle different scenarios/levers whenever I discuss with the leadership/business
- Microsoft Excel - Cost Plan FY20
- Driver 1Driver 2Driver 3Driver 4StretchTotal (Load to B1235)= $192m YTD
- Oct Nov Dec Jan Feb Mar...5 5 5 5 5 54 4 4 4 4 42 2 2 2 2 2 6 6 6 6 6 6-1 -1 -1 -1 -1 -1
- Business hasn't performed well in the past few months and have gone above our target...
- Well, based on a high level estimate and the last month's results meeting, the business is picking up and I still believe we can pursue the target initially set for the year!
- I'll need to prepare the latest outlook. Based on the detailed drivers, it appears we cannot meet the target set for the year...My bigger problem is some people base their forecast only on the recent performance improvement...and I think the leadership also still believes we can even without this detailed analysis.
- Sometime in February...
- Well, the good thing is I don't think we have disclosure issues. But realistically the outlook tells us we need to tell MJ we need to readjust our target.
- Yes, your drivers are extremely helpful in articulating our risks and provides an objective outlook as to where our business is headed. Thank you for helping us and I agree, we need to inform MJ of our position.
- I'm afraid we can't do that and need to work with the business to solve it...can we stick to Plan?
- MJ, I'm afraid we are going to miss cost plan according to our outlook and need to adjust the forecast accordingly...
- Now I need to revise all the previous work I've done to arbitrarily re-phase the target & stretch across the remaining months, at a BPU level, only to arrive at $192m (again!) and then collaborate with the business how to solve the stretch, which I really don't think we will be able to achieve...
- Actuals seeds to forecast...
- Driver 1Driver 2Driver 3Driver 4Stretch
- Oct Nov Dec Jan Feb Mar Apr May Jun..7 4 3 4 3 3 5 5 55 5 3 5 6 3 4 4 4 2 2 6 3 5 5 2 2 2 6 7 5 5 4 5 6 6 60 0 0 0 0 -4 -3 -3 -3
- This is just first step to completion, and I have to continuously monitor, explain on monthly performance which is going to be harder to explain, reperform, and re-explain the outlook from quarter to quarter this without a proper systematic approach!
- Total (Load to B1235)= $192m YTD
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