Financial Planning & Analysis
The Financial Planning & Analysis team is responsible for:
- Develop and maintain the University multi-year financial model and framework
- Preparation and oversight of the annual budget of the University
- Reporting to Governance on growth and development opportunities
- Manage development and administration of business rules associated with the University costing model.
Budget Model Process - a high level summary of the University's Budget Model, which outlines some of the Key Performance Indicators (KPI's) and the major components of the budget process.
The team is also responsible for the development of the University's Investment Framework, designed to assist in evaluating the overall investment in projects and new initiatives.
All investments and / or business opportunities requiring funding approval from Council, Council sub-committees, or any Management Committee reporting to the Vice-Chancellor and President are to be presented using the standardised Business Case templates and Financial Model. Refer to the Business Case user guide for further information.
Financial Business Planning Applications
Budget and Forecast Modules
The University Financial Planning Model (UFPM) Project has delivered Budget and Forecast Modules for Faculties and Divisions to input the University Budget and Forecast. They are built in Business Intelligence COGNOS TM1 software allowing users to take advantage of historical data sets and some advanced planning TM1 functionality. The Budget and Forecast Modules can be accessed here.
To support all users a Finance wiki has been created which holds a wide range of learning materials to assist in understanding the new budgeting tool as well as describe the University financial planning methodology.