Describe the main component parts of a financial plan and identify how they support the organisation’s strategic
plan. Analyse the level of importance of each component part of the plan in relation to the corporate plan.
Evaluate any areas of the plan which are now superfluous or do not support the strategic plan. Consider when
the plan was written and if any areas now need to be updated.
Guideline word count: 800 – 900 words
A.C. 1.2 – Explain the component parts of a financial plan
A.C. 2.1 – Explain the level of importance of each component of the plan
» TASK 3
Using analysis of the financial plan completed in Task 2, construct new financial plan which utilises your findings.
The new plan should discuss how it helps to support the organisational strategic objectives and provides
improved effectiveness or cost efficiencies. Any high risk components should have mitigation strategies.
Guideline word count: 800 – 900 words
A.C. 3.1 – Construct a financial plan
A.C. 4.1- Discuss how the plan supports strategic objectives
» TASK 4
In order for the new financial plan to be agreed and adopted by the organisation, key stakeholders need to be
involved. Explain the approach to be undertaken to gain agreement for the new financial plan. Consider who
will be involved in this process, appropriate timescales and the key messages/rationale that could be put
forward to support the proposals
Describe how the agreed financial plan will be evaluated, identifying measures that would be appropriate in
the context of the organisation’s strategic objectives
Guideline word count: 600-700 words
A.C. 4.2 – Explain an approach to gain agreement for the financial plan
A.C. 4.3 – Identify evaluation measures for the agreed plan
Assignment Brief: Unit 7007V1: Financial planning
Version 3: June 2017
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