PO21 – Business advisory
Develop clear insight into both internal and external clients’ business issues and provide expert advice, specific to that client, which will add value to the business or organisational function. You support clients’ objectives and plans to improve, innovate and grow; identify efficiencies and respond to changing business conditions, helping them to continuously improve.
Performance objective elements
The five elements of each performance objective describe the tasks, skills and behaviours that trainees must demonstrate in order to achieve the objective.
a. Identify and use appropriate financial and non-financial information to build a comprehensive understanding of a client's business and the business environment in which they operate.
b. Identify ways for clients to use business partnering to make better connections and develop successful relationships, based on achieving best practice and creating additional value.
c. Identify the objectives of the advisory engagement to develop plans to investigate, implement and support effective change to meet those engagement objectives.
d. Prepare and present plans in an understandable way, which allows the client to evaluate and act on the business advice.
e. Advise on the appropriate actions to enable the implementation of the chosen solutions.
Advisory and Consultancy
A. Gathers and understands financial and non-financial information to develop complete knowledge of the client business and the environment in which it operates.
B. Provides expert advice that will add value to the business and gain advantage.
C. Identify and advise on business partnering to develop strategic relationships to create opportunities, improve performance and solve business problems.
D. Prepare and present business plans and advise on the actions to implement these plans.
Data, Digital and Technology
A. Identifies strategic options to add value, using data and technology.
D. Applies scepticism and ethical judgement to the use of data and data technology.
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