Objectives of Strategy And Planning Management at the CFCU
The CFCU acknowledges that strategic management can help public organizations as well as other entities achieve important goals and create additional value.
In this manner, management of the institutional strategy and strategic planning involves identifying the institutional vision, setting the objectives and methods to achieve that vision, and monitoring the institutional performance while continuously assessing the potential development areas or opportunities where the CFCU may create public value.
Strategy and planning management initiatives aims to make CFCU one of the best performing public project management authorities in the world. They also promote the institutional progress, sustainability and resilience of the CFCU.
Institutional Policy Management
The CFCU’s institutional policy framework is a documented set of broad courses of action regarding the roles and responsibilities assigned to the CFCU and the decisions affecting the CFCU in the future. Approved by the Director of the CFCU, the institutional policy lays down the CFCU’s response to known and knowable situations and circumstances. It also determines the formulation and implementation of strategy, and directs the plans, decisions, and actions of the CFCU in achievement of the institutional objectives.
Institutional Strategy Management
Institutional strategy is the overall scheme and approach developed and implemented in order to achieve the particular goals set by the CFCU’s institutional policies. The CFCU’s Strategic Plan is a tool for aligning the basic direction and goals of the CFCU, demonstrating and formulating the objectives, position, and strategies to achieve with performance indicators to monitor and evaluate.
Strategic plan includes the institutional key performance indicators (KPIs), which helps the CFCU in measuring the level of success in reaching its objectives.
Institutional Performance Planning
Performance Plans define the activities for implementation of the strategic plan by specifying the ultimate responsible and relevant sub-units or staff and their immediate implementation periods such as one year.
Performance Plans encompasses unit-level KPIs which are based on the institutional level KPIs.
Institutional Risk Management
The institutional risk management of the CFCU is implemented by adoption of a risk framework. Institutional Risk Management of the CFCU serves to the benefit of resource optimization and the optimization of the processes.
Information Security Management
CFCU ensures the information security management by achieving and maintaining ISO 27001 ISMS certification with the leadership and commitment of the top management to the ISMS and also addresses the adequate level of resource for the establishment, implementation, maintenance and continual improvement of the information security management system in the CFCU.
Business Continuity Management
The CFCU gives great importance to its ability to respond to internal and external threats such as natural disasters or data breaches by identifying the CFCU's risk of exposure and to preserve its business integrity and interests via the disaster recovery, business recovery, crisis management, incident management, emergency management and contingency planning.
The CFCU prepares plans to ensure the continuity in business processes before, during, and after a disaster; while also managing recovery of operations within the CFCU after a disaster.
Business development
Business Development Management is of vital importance in creating and managing a portfolio of focused, coordinated and executable projects to achieve strategic objectives within the specified timeframe, especially in international collaborations concerning multiple stakeholders.
Change Management
Change management supports the CFCU’s organizational agility, improves its capability and facilitates organisational adaption and transformation in new circumstances.
Change requirements and implementation of pilot programs for the business processes of the CFCU are planned in the form of projects in order to achieve objectives with the desired efficiency and effectiveness.
Idea Management
The CFCU defines and implements an innovation management approach and methodology, which helps to change and evolve its services, processes, organization and communications with stakeholders. The IMS is a catalyst for converting ideas into improvements and novel methods of carrying out the missions of the institution.