Tasks and Duties
Week 1 Task: Introduction to Financial Planning:
This week, you are tasked to create a comprehensive literature review on the topic of Integrated Financial Planning. You should focus on the history, the main concepts, different methodologies, and key strategies. The document should also include a section that provides a detailed explanation of the potential benefits and drawbacks of Integrated Financial Planning. Please ensure to use credible sources and properly cite them in your document. The document should be at least 10 pages long. The final deliverable will be a DOC file. Evaluation will be based on the comprehensiveness of the literature review, the clarity of the writing, the validity of the sources, and the proper use of citations.
Week 2 Task: Financial Forecasting Model:
Your task for this week is to develop a theoretical financial forecasting model for a hypothetical company. You should consider aspects such as revenue prediction, expense budgeting, and cash flow estimation. Please provide a step-by-step explanation of your model in a DOC file, which should include the rationale behind your chosen methods and assumptions. The document should also contain a section discussing potential challenges and limitations of your model. Evaluation will be based on the logical coherence of the model, the soundness of the assumptions, and the quality of the written explanation.
Week 3 Task: Financial Plan Execution:
This week, you'll be crafting a detailed plan for executing the financial forecasting model developed in week 2. Your plan should include actionable steps, assigned roles, and proposed timelines. Make sure to consider potential pitfalls and how to mitigate risks. The final deliverable will be a DOC file containing the plan. Evaluation will be based on the practicality of the plan, the consideration of potential risks, and the clarity of roles and timelines.
Week 4 Task: Performance Measurement and Evaluation:
The focus of this week's task is performance measurement and evaluation. You are required to develop a set of Key Performance Indicators (KPIs) that can be used to monitor and measure the performance of the financial forecasting model developed in week 2. You should also provide a detailed explanation on how to interpret these KPIs and take corrective actions as needed. Your final deliverable will be a DOC file. Evaluation will be based on the relevance and comprehensiveness of the KPIs, the clarity of the explanation, and the practicality of the corrective actions.
Week 5 Task: Risk Management Plan:
This week, you're tasked with creating a comprehensive risk management plan for the financial forecasting model. Your plan should identify potential risks, assess their impact, and propose mitigation strategies. Please provide a detailed explanation of each element of your plan in a DOC file. Evaluation will be based on the comprehensiveness of the risk identification, the validity of the impact assessment, and the practicality of the mitigation strategies.
Week 6 Task: Final Integrated Financial Plan:
For your final week's task, you are to compile all the elements from the previous weeks into a comprehensive Integrated Financial Plan. This plan should include the forecasting model, the execution plan, the performance measurement and evaluation, and the risk management plan. You should also provide a summary and conclusion section to wrap up your plan. The final deliverable will be a DOC file. Evaluation will be based on the logical coherence of the plan, the clarity of the writing, and the overall comprehensiveness.