The BP&B Health Check: Your Roadmap to Financial & Operational Excellence


Garrett Rizk

Managing Director, FP&A
Finance Solutions

Garrett Rizk

Managing Director, FP&A
Finance Solutions
Learn More

The famous author, Seth Godin wrote, “Change almost never fails because it’s too early. It almost always fails because it’s too late.” Today, companies must adapt, evolve, and plan meticulously to stay competitive and profitable. Leaders are at the helm steering their organizations through changing consumer, market, and Board expectations. To guarantee they remain on the right course, having a solid plan and budget in place is paramount for ensuring success. Enter – The BP&B Health Check.  The survey and guide for a better path forward. 

What is BP&B? 

Business Planning and Budgeting (BP&B) is a strategic, operational, and financial management process that organizations use to plan, allocate resources, and manage their business performance effectively. It involves creating detailed plans and budgets for various aspects of an organization’s operations, such as revenue, expenses, capital investments, and more. BP&B process and acumen are foundational capabilities, fundamental to achieving an organization’s goals and objectives. 

What is a Health Check, and Why Should Leaders Care? 

At its core, a BP&B Health Check is a benchmarking exercise that evaluates an organization’s strategic alignment and financial agility against industry standards. Unlike a critical examination of flaws, this assessment is an opportunity for innovation and growth. For visionary leaders, it provides validation on current strengths and gives you information to garner buy-in. For those seeking improvement, it offers a clear roadmap to drive transformative change. Here’s why it matters: 

  • Self-Awareness: A BP&B Health Check serves as a powerful tool for reflection, allowing leaders to assess the strategic foundations they’ve laid down. 
  • Efficiency Boost: It acts as a catalyst, ensuring that resources, both time and capital, are channeled optimally, increasing efficiency. 
  • Maximizing Value: By identifying gaps and potential, leaders can ensure they’re not leaving any value or momentum untapped. 
  • Stewardship & Leadership: It empowers executives to lead their teams with clarity, ensuring alignment with the organization’s vision and fostering collective growth. 

The BP&B Health Check isn’t just an evaluation tool; it’s the compass for leaders to chart the next course. Whether you view it as a validation of your strategies or an avenue for enhancement, it’s the key to unlocking unparalleled organizational alignment, accountability, and performance momentum. 

What Should a Health Check Assess? 

A comprehensive BP&B Health Check for CFOs and financial leaders would analyze the following key components: 

  • Long-Term Strategic Orientation: Verify that the organization is not just paying lip service but delivering outcomes with strategic orientation. 

  • Cascade Long-Term Goals to Short-Term Priorities: Evaluate if individual departmental goals cohesively contribute to overall enterprise success with a high probability to execute our plans 
  • Tailored Financial Modeling: Check if the financial model is comprehensive, adaptable and provides clarity on vital aspects like profit, cash scenarios and risks. 
  • Resource Allocation & Prioritization: Evaluate if resources are optimized and aligned with strategic imperatives. 
  • FP&A’s Impact on BP&B: Analyze the integration of the Financial Planning & Analysis (FP&A) team with departmental leaders for comprehensive insights. 
  • FP&A Tools & Tech Expertise: Identify if the organization has surpassed traditional spreadsheet-based tools and is maximizing the capabilities of platforms like Workday Adaptive. 

  • Timely Planning | The BP&B Calendar: Ensure that the budgeting process is both time-efficient and effective. Establish a robust calendar of activities, expectations and ownership 
  • BP&B Expectations and Accountability: Clear communication and active stakeholder engagement foster budget transparency, ownership, and collective buy-in. 
  • The “Zero-Based” Approach: The annual planning process is a chance to pause, reflect on the past, and make intentional decisions about the future. Don’t obsess about or ignore the past. 
  • Quality Data Drives Quality Outcomes: If you don’t have good data, you can’t make good decisions. If you can’t measure it, you can’t manage it! Fix upstream data to improve outcomes. 

Benefits of a BP&B Health Check 

A Business Planning and Budgeting (BP&B) Health Check offers many benefits for organizations. It ensures strategic consistency by aligning everyone with the organizational vision, promoting cohesive execution where each department’s success contributes to overall enterprise success. This assessment provides an actionable blueprint for effective strategy execution and enables informed financial decisions through dynamic financial models and scenario analysis. Additionally, it optimizes resource allocation, fosters integrated insights, and harnesses modern technology for a competitive edge. The process ensures efficiency in execution, promotes untapped growth by leveraging historical and new data, and cultivates transparent and agile operations with real-time insights through stakeholder engagement. In essence, a BP&B Health Check is a holistic tool that drives organizational excellence and competitive advantage. 

Are you Ready to Get Started? 

Learn more about how E78 Partners and our world-class FP&A team can help steer your company in the right direction. Contact us to learn more.  


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Meet the Author

Garrett Rizk
Managing Director, FP&A
Finance Solutions
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