Save time, empower your teams and effectively upgrade your processes with access to this practical Working Capital Toolkit and guide. Address common challenges with best-practice templates, step-by-step work plans and maturity diagnostics for any Working Capital related project.
Download the Toolkit and in Three Steps you will be guided from idea to implementation results.
The Toolkit contains the following practical and powerful enablers with new and updated Working Capital specific requirements:
STEP 1: Get your bearings
- The latest quick edition of the Working Capital Self Assessment book in PDF containing 49 requirements to perform a quickscan, get an overview and share with stakeholders.
Organized in a data driven improvement cycle RDMAICS (Recognize, Define, Measure, Analyze, Improve, Control and Sustain), check the…
- Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation
Then find your goals…
STEP 2: Set concrete goals, tasks, dates and numbers you can track
Featuring 848 new and updated case-based questions, organized into seven core areas of process design, this Self-Assessment will help you identify areas in which Working Capital improvements can be made.
Examples; 10 of the 848 standard requirements:
- Is a cash disbursement journal prepared monthly that details the date of check, check number, payee, amount of check, and columnar description of expense account (and restricted fund) to be charged?
- Does the core financial system provide the capability to allocate working capital and revolving fund costs across organization and program lines and generate appropriate journal entries?
- In what ways is the cash flow table used to organize the data for permanent working capital asset decisions similar to and different from the cash flow table used in capital budgeting?
- Assume you were given information regarding current ratios for three consecutive years. Can you determine the general condition of liquidity without calculating working capital?
- Are advance payments to vendors and/or employees recorded as receivables and controlled in a manner which assures that they will be offset against invoices or expense vouchers?
- To support the revolving fund function, does the core financial system provide the capability to use cost management in revolving funds, including working capital programs?
- Assume that sales double, the firm operates with positive working capital position and the commitments from current creditors do not increase. What scenario do you foresee?
- Are invoices from unfamiliar or unusual vendors reviewed and approved for payment by authorized personnel who are independent of the invoice processing function?
- If goods are received into stock today, on average how long does it take before those goods are sold and the cash received and profit realised from that sale?
- A good cash budgeting and forecasting system provides answers to key questions such as: Is the cash level adequate to meet current expenses as they come due?
Complete the self assessment, on your own or with a team in a workshop setting. Use the workbook together with the self assessment requirements spreadsheet:
- The workbook is the latest in-depth complete edition of the Working Capital book in PDF containing 848 requirements, which criteria correspond to the criteria in…
Your Working Capital self-assessment dashboard which gives you your dynamically prioritized projects-ready tool and shows your organization exactly what to do next:
- The Self-Assessment Excel Dashboard; with the Working Capital Self-Assessment and Scorecard you will develop a clear picture of which Working Capital areas need attention, which requirements you should focus on and who will be responsible for them:
- Shows your organization instant insight in areas for improvement: Auto generates reports, radar chart for maturity assessment, insights per process and participant and bespoke, ready to use, RACI Matrix
- Gives you a professional Dashboard to guide and perform a thorough Working Capital Self-Assessment
- Is secure: Ensures offline data protection of your Self-Assessment results
- Dynamically prioritized projects-ready RACI Matrix shows your organization exactly what to do next:
STEP 3: Implement, Track, follow up and revise strategy
The outcomes of STEP 2, the self assessment, are the inputs for STEP 3; Start and manage Working Capital projects with the 62 implementation resources:
- 62 step-by-step Working Capital Project Management Form Templates covering over 6000 Working Capital project requirements and success criteria:
Examples; 10 of the check box criteria:
- Lessons Learned: How useful was the format and content of the Working Capital project Status Report to you?
- Probability and Impact Matrix: Are there new risks that mitigation strategies might introduce?
- Risk Audit: Are auditors able to effectively apply more soft evidence found in the risk-assessment process with the results of more tangible audit evidence found through more substantive testing?
- Schedule Management Plan: Are Working Capital project team members involved in detailed estimating and scheduling?
- Probability and Impact Matrix: Is the present organizational structure for handling the Working Capital project sufficient?
- Project Performance Report: To what degree are sub-teams possible or necessary?
- Planning Process Group: To what extent has the intervention strategy been adapted to the areas of intervention in which it is being implemented?
- Change Management Plan: What skills, education, knowledge, or work experiences should the resources have for each identified competency?
- Scope Management Plan: Does the Working Capital project team have the skills necessary to successfully complete current Working Capital project(s) and support the application?
- Quality Audit: Is Quality Audit a prerequisite for Program Accreditation or Program Recognition?
Step-by-step and complete Working Capital Project Management Forms and Templates including check box criteria and templates.
1.0 Initiating Process Group:
- 1.1 Working Capital project Charter
- 1.2 Stakeholder Register
- 1.3 Stakeholder Analysis Matrix
2.0 Planning Process Group:
- 2.1 Working Capital project Management Plan
- 2.2 Scope Management Plan
- 2.3 Requirements Management Plan
- 2.4 Requirements Documentation
- 2.5 Requirements Traceability Matrix
- 2.6 Working Capital project Scope Statement
- 2.7 Assumption and Constraint Log
- 2.8 Work Breakdown Structure
- 2.9 WBS Dictionary
- 2.10 Schedule Management Plan
- 2.11 Activity List
- 2.12 Activity Attributes
- 2.13 Milestone List
- 2.14 Network Diagram
- 2.15 Activity Resource Requirements
- 2.16 Resource Breakdown Structure
- 2.17 Activity Duration Estimates
- 2.18 Duration Estimating Worksheet
- 2.19 Working Capital project Schedule
- 2.20 Cost Management Plan
- 2.21 Activity Cost Estimates
- 2.22 Cost Estimating Worksheet
- 2.23 Cost Baseline
- 2.24 Quality Management Plan
- 2.25 Quality Metrics
- 2.26 Process Improvement Plan
- 2.27 Responsibility Assignment Matrix
- 2.28 Roles and Responsibilities
- 2.29 Human Resource Management Plan
- 2.30 Communications Management Plan
- 2.31 Risk Management Plan
- 2.32 Risk Register
- 2.33 Probability and Impact Assessment
- 2.34 Probability and Impact Matrix
- 2.35 Risk Data Sheet
- 2.36 Procurement Management Plan
- 2.37 Source Selection Criteria
- 2.38 Stakeholder Management Plan
- 2.39 Change Management Plan
3.0 Executing Process Group:
- 3.1 Team Member Status Report
- 3.2 Change Request
- 3.3 Change Log
- 3.4 Decision Log
- 3.5 Quality Audit
- 3.6 Team Directory
- 3.7 Team Operating Agreement
- 3.8 Team Performance Assessment
- 3.9 Team Member Performance Assessment
- 3.10 Issue Log
4.0 Monitoring and Controlling Process Group:
- 4.1 Working Capital project Performance Report
- 4.2 Variance Analysis
- 4.3 Earned Value Status
- 4.4 Risk Audit
- 4.5 Contractor Status Report
- 4.6 Formal Acceptance
5.0 Closing Process Group:
- 5.1 Procurement Audit
- 5.2 Contract Close-Out
- 5.3 Working Capital project or Phase Close-Out
- 5.4 Lessons Learned
With this Three Step process you will have all the tools you need for any Working Capital project with this in-depth Working Capital Toolkit.
In using the Toolkit you will be better able to:
- Diagnose Working Capital projects, initiatives, organizations, businesses and processes using accepted diagnostic standards and practices
- Implement evidence-based best practice strategies aligned with overall goals
- Integrate recent advances in Working Capital and put process design strategies into practice according to best practice guidelines
Defining, designing, creating, and implementing a process to solve a business challenge or meet a business objective is the most valuable role; In EVERY company, organization and department.
Unless you are talking a one-time, single-use project within a business, there should be a process. Whether that process is managed and implemented by humans, AI, or a combination of the two, it needs to be designed by someone with a complex enough perspective to ask the right questions. Someone capable of asking the right questions and step back and say, ‘What are we really trying to accomplish here? And is there a different way to look at it?’
This Toolkit empowers people to do just that – whether their title is entrepreneur, manager, consultant, (Vice-)President, CxO etc… – they are the people who rule the future. They are the person who asks the right questions to make Working Capital investments work better.
This Working Capital All-Inclusive Toolkit enables You to be that person:
Includes lifetime updates
Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.