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Strategic Leader Development for Government Financial Managers

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Title: Strategic Leader Development for Government Financial Managers


1
Strategic Leader Development for Government
Financial Managers
  • FSIO Conference, March 12, 2009

2
Government Strategic Leader
  • Strategic thinking
  • Collaboration and cross-boundary leadership
  • Focus on the enterprise
  • Leveraging resources
  • Executive communications, ethics, integrity, and
    commitment to public service

3
Strategic Thinking
  • Build a shared vision
  • Think systematically
  • Cope with uncertainty and ambiguity
  • Think creatively and innovatively
  • Leverage cognitive strengths

4
Collaboration and Cross-Boundary Leadership
  • Build and enable mutually beneficial
    relationships across organizational boundaries
  • Sense commonalities and opportunities
  • Learn continuously

5
Focus on the Enterprise
  • Develop a shared vision on enterprise goals
    objectives
  • Have a broad enterprise understanding of org.
    capabilities
  • Incorporate multi-dimensional decision-making
    perspectives
  • Understand the linkages between enterprise
    planning, performance, and budgeting
  • Cope with ambiguity and uncertainty

6
Leveraging Resources
  • Bring together and enable and empower the best
    contributions of people, teams and leaders
  • Leverage information and information technology
  • Secure and sustain financial support for current
    and future mission priorities
  • Partner innovatively and pragmatically to achieve
    synergistic results

7
Executive Competencies
  • Write / speak well in various settings at an
    executive level
  • Commit to public service
  • Demonstrate integrity, honesty, and ethical
    behavior
  • Commit to lifelong learning
  • Be introspective

8
CFO Academy
  • In 2007, the CFO Council determined that
    financial managers needed to strengthen their
    knowledge and understanding of
  • federal financial policy and organization,
  • strategic leadership and change management,
  • performance management and accountability, and
  • portfolio management.

9
CFO Academy
  • To prepare middle- to senior-level members
  • of the government financial management community
  • for senior 21st Century management and leadership
    responsibilities.
  • Financial management community includes
    personnel responsible for accounting and finance,
    budget and cost analysis, internal controls and
    auditing, financial systems, and resource
    management.

10
The Changing World of the CFO Course
  • The Changing World of the CFO consists of 20
    lessons
  • Strategic Systems Thinking
  • Leadership for the Future
  • Change Leadership
  • Risk Management, Internal Controls, Audit
    Coordination Trends Issues
  • Transparency and Accountability
  • The Future of Financial Management
  • Financial Systems Leadership
  • The Future of Financial Standards and Reporting
  • Decision Support Strategies
  • Performance Measurement
  • Multi-agency Collaboration
  • Budget Formulation and Execution Strategies

11
CFO Leadership Certificate
  • Curriculum

12
CFO Leadership Certificate Courses
  • Changing World of the CFO
  • Focuses on the changing environment of the
    federal Chief Financial Officer (CFO),
  • and provides an overview of the essential
    elements of the current and future roles
  • of government CFOs and their staffs.
  • Federal Budgeting and Financial Management for
    Strategic Leadership
  • Focuses on strategic understanding of the
    players, roles, structure, responsibilities,
  • and rules of Federal budgeting, appropriations,
    and financial management.
  • The Capital Planning and Portfolio Management
  • Focuses on state-of-the-art strategies for
    portfolio management, with an emphasis on
    assessing, planning, and managing information
    technology (IT) as a portfolio of investments.
  • The Future of Financial Reporting
  • Under development, will be scheduled in Academic
    Year (AY) 2009/2010.
  • Auditing, Internal Controls, and Risk
  • Under development, will be scheduled in Academic
    Year (AY) 2009/2010.

13
CFO Leadership Certificate Courses
  • Decision Support, Strategies Tools
  • Under development, will be scheduled in Academic
    Year (AY) 2009/2010.
  • Government Business Enterprise Transformation
  • Frames the initiatives, strategies, and
    opportunities for transforming the Federal
    Governments business operations
  • that provide capabilities, resources, and
    materiel to the government employee (such as
    global warfighters or
  • disaster recovery staff).
  • Leadership for the Information Age
  • Examines Information Age leadership and
    organizations and describes the successful
    Information Age leader and
  • organization as constantly learning and adapting
    to an increasingly complex, changing, and
    information-rich
  • environment.
  • Enterprise Information Security and Risk
    Management
  • Explores the practical challenges of assessing
    and managing information security risks when
    developing an
  • enterprise information security program.
  • Enterprise Architecture for Leaders
  • Presents enterprise architecture (EA) as a
    strategic capability organizational leaders use
    for enterprise planning,

14
CFO Leadership Certificate Courses
  • Multi-Agency Information-Enabled Collaboration
  • Evaluates the strategies, means, and information
    models needed for effective multi-agency
  • collaboration in planning, decision-making and
    implementation of national security operations,
  • including stabilization and reconstruction, and
    homeland security and national preparedness
  • operations.
  • Enterprise Strategic Planning
  • Conducts an assessment of the various elements of
    The National Security Strategy of the United
  • States of America (information, economic,
    diplomatic, and military power) and supporting
  • strategies (e.g., National Strategy for Homeland
    Security, National Strategy for Combating
    Terrorism, National
  • Defense Strategy, National Military Strategy,
    etc.) to understand the strategic direction of
    the Federal Government
  • and its impact on their organization.
  • Continuity of Operations
  • Outlines the major elements involved in
    developing and implementing effective continuity
    of
  • operations plans for government agencies.

15
CFO Leadership Certificate Courses
  • Measuring Results of Organizational Performance
  • Provides strategies and techniques for assessing
    organizational performance results as part of the
  • strategic planning and budgeting process required
    to fulfill regulatory oversight requirements
    (e.g.,
  • GPRA, Clinger-Cohen Act, Presidents Management
    Agenda, PART).
  • Building an IT Business Case
  • Constructs program-level development and
    presentation of an effective IT acquisition
    business
  • case that support agency IT capital planning and
    investment control and successful OMB IT
  • investment review.
  • Information Technology Project Management
  • Advances project and program management in an
    Information Technology (IT) context using
  • industry-accepted project management processes,
    e.g., the Project Management Institutes (PMI)
  • Project Management Book of Knowledge framework,
    and project management concepts.

16
Instructional Formats
eResident Courses
Distributed Learning Courses
  • 1 week of online preparation
  • 1 week in residence at Fort McNair
  • 3 weeks to complete academic assignments for
    credit
  • 8 courses in four years
  • 1 week of online preparation
  • 12 weeks of online coursework
  • 3 weeks to complete academic assignments for
    credit
  • Global, 24/7 access
  • 8 courses in four years

17
CFO Academy Admission Criteria
  • A nomination from senior financial manager
    regarding leadership potential
  • At least a GS 14, 0-5, or equivalent rank
  • A bachelors degree from a regionally accredited
    institution
  • At least three years of financial management
    experience
  • Knowledge of financial management as evidenced by
    one of the following
  • An undergraduate or graduate degree in a business
    related field
  • A Certified Government Financial Management
    (CGFM) or
  • A Certified Defense Financial Management (CDFM)
    or
  • C.P.A. Otherwise qualified students who do
    not meet this criterion may be admitted
    conditionally to two courses, while they earn
    CGFM or CDFM.

18
More Information
  • More information can be found on the Colleges
    website at http//www.ndu.edu/irmc/pcs_cfo.htm
  • Elizabeth A. McDaniel, Acting Director, CFO
    Academy, and IRM College Dean of Faculty and
    Academic Programs at
  • 202-685-3884, mcdaniele_at_ndu.edu
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