CMI External Assessment Marking Sheet:Unit S1077V1 - Financial planning

Learner Name: / Learner Number: / Centre:
Date: / Part of Batch: / Qualification:
CMI Marker’s Result: Passed / Referred / CMI Lead Moderator’s Result: Passed / Referred
Introduction
This assessment is about identifying, developing, agreeing and monitoring a financial plan that supports strategic objectives
Learning Outcomes
The Learner will:-
  1. Understand how the financial plan supports strategic objectives
  2. Understand the construction of a financial plan
  3. Be able to construct a financial plan
  4. Understand how to promote the financial plan in support of strategic objectives

Task 1 / Assessment Criteria / Pass/Refer / Comments
The focus and intent of the organisational strategy will have financial implications and impacts on financial planning in order to support its aims and objectives. Explain with examples, how the organisation’s strategy could influence and impact on the financial plan and why both should be interrelated.
Explain at least four issues of risk associated with a financial plan evaluating the level of each risk; at least two of the issues identified should be high risk (in that they would have profound influence on the achievement of strategic objectives)
For your chosen two high risk issues identify mitigation strategies for them. Consider external factors that may increase the level of risk for these components.
Guideline word count: 800 - 1,000 words / A.C. 1.1 - Explain how the strategy of the organisation impacts the financial plan
A.C. 1.3 - Explain issues of risk within a financial plan
A.C. 2.2 - Identify mitigation strategies for high risk components of the plan
Task 2 / Assessment Criteria / Pass/Refer / Comments
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

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Task 3 / Assessment Criteria / Pass/Refer / Comments
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

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Task 4 / Assessment Criteria / Pass/Refer / Comments
In order for the new financial plan to be agreed and adopted bythe 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
CMI Marker’s Feedback:
CMI Lead Moderator’s Feedback:

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