The strategy for developing a resourcing plan for the presidency focuses on three key areas: budget management, human resources, and financial oversight. For budget optimization, it suggests conducting thorough audits, identifying areas needing more funds, engaging experts for cost-saving measures, and implementing zero-based budgeting. An example of this is streamlining procurement to ensure competitive pricing. For enhancing human resource management, a skill audit is recommended, along with training programs, succession planning, and promoting diversity. An illustrative action is leveraging technology to streamline HR operations. To strengthen financial oversight, it proposes independent audits and transparency initiatives, ensuring that budget and HR data are publicly accessible.
The strategies
⛳️ Strategy 1: Optimise budget allocation
- Conduct a thorough audit of current budget expenditures
- Identify and prioritize key areas that require increased funding
- Engage experts to analyse potential cost-saving measures
- Implement a zero-based budgeting approach to justify every expense
- Streamline procurement processes to ensure competitive pricing
- Utilise technology to track and report budget utilisation in real-time
- Encourage departmental heads to submit budget forecasts for better planning
- Introduce performance-based budgeting to align resources with outcomes
- Establish a contingency fund for unforeseen presidential events
- Review and adjust budget allocations semi-annually to maintain relevance
⛳️ Strategy 2: Enhance human resource management
- Conduct a skills audit to assess current capabilities within the presidency
- Identify critical roles and ensure they are filled with qualified personnel
- Develop a comprehensive training program to upskill staff
- Implement a performance management system with clear KPIs
- Create succession plans for key positions to ensure continuity
- Promote a culture of diversity and inclusion within the workforce
- Leverage technology to streamline HR operations and communication
- Establish a feedback mechanism for continuous improvement in HR policies
- Encourage inter-departmental collaboration to maximise resources
- Regularly review compensation strategies to ensure competitiveness
⛳️ Strategy 3: Strengthen financial oversight and accountability
- Establish an independent oversight committee for budget monitoring
- Implement regular financial audits by third-party auditors
- Develop clear guidelines for financial reporting and accountability
- Introduce transparency initiatives to make budget and HR data publicly available
- Leverage technology for automated financial tracking and reporting
- Educate staff on financial regulations and ethical practices
- Regularly review and update financial policies to meet current standards
- Encourage an open dialogue about financial management within all levels of the presidency
- Identify and mitigate potential financial risks and inefficiencies
- Conduct workshops on fiscal responsibility and management
Bringing accountability to your strategy
It's one thing to have a plan, it's another to stick to it. We hope that the examples above will help you get started with your own strategy, but we also know that it's easy to get lost in the day-to-day effort.
That's why we built Tability: to help you track your progress, keep your team aligned, and make sure you're always moving in the right direction.
Give it a try and see how it can help you bring accountability to your strategy.
