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Making Priorities a Priority

Thursday, March 17, 2011

Financial staffs face many issues that seemingly need to be addressed simultaneously but don't in fact have the same priority or urgency. Since everything can't be accomplished at once anyway, it is important for CFOs to differentiate between an issue's priority (importance) and the sense of urgency (timing) necessary to resolve it.

For example, closing the books is a high-priority item that has a clear sense of urgency for most because it has a firm deadline. On the other hand, preparing a business proposal may have a high priority but may or may not be highly urgent... Read More

Bud Kulesza –