success is intentional

A system of broad principles or rules from which specific methods or procedures may be derived to interpret or solve different problems within the scope of a particular discipline.

Consilium utilizes a specific financial management methodology to create and maintain an operating environment conducive to the accomplishment of our clients goals and objectives. An exhaustive dissertation including all elements of this plan would take time to  read, however we believe the highlights that follow will assist you in understanding how each individual piece supports the larger concept.

Systems

This element encompasses both the actual accounting "system" utilized by an organization, as well as the processes and procedures by which it addresses financial matters. Proper Systems ensure that information is readily available and accurate. 

Systems Guiding Principle - Accurate and timely information supports sound decisions.

Structure

This element fits hand in hand with systems above, but specifically addresses what is otherwise referred to as the "chain of command". From a financial perspective, Structure supports the element of accountability by providing clear delineation of responsibility for designated cost centers and programs within the organization, as well as its financial governance. 

Structure Guiding Principle - Cooperation and communication increase an organization's ability to respond to challenges as they arise.

Accountability

Accountability can only be established by having both Systems and Structure firmly in place. This element plays a vital role as it relates to ensuring outcomes. Accountability encompasses both the management and governance apparatus of the organization, and seeks to clearly define expectations between these two vital levels of decision making. 

Accountability Guiding Principle - The buck stops, or the bucks stop.

Planning

This element is focused on both positive goals and risk mitigation/avoidance, and is heavily supported by Systems and Structure due to its dependence on quality data and informed decision making. Planning is where the vision is cast for the organization, and where decisions affecting its future capacity are made. 

Planning Guiding Principle - We are precisely where we plan to be.

Execution

Execution is where the organization's finances really take shape. This element depends on all of the other elements for support. However, without Execution the other elements have limited value as it relates to the financial success of the organization. 

Execution Guiding Principles - We consistently inspect what we expect because budgets are zero sum games.