Figure 5: 2001 Corporate Planning Cycle Process
The figure displays the timeline for the 2001 Corporate Planning Process. The figure includes six boxes that represent significant activities/components of the process which are as follows:
- Workload analysis (from February to early April)
- Various planning activities to include industry projections, corporate workload assumptions, staffing levels, changes in business strategies, and new initiatives (from February to late May).
- Planning Kick-off Meeting with Senior Management (mid-May).
- Budget instructions issued to divisions and offices (mid-June).
- Divisions and offices preparation of their respective 2001 budgets (from mid-June to mid-October).
- Senior Management analysis of budget submissions (from mid-October to early December).
- FDIC Board approval of the budget (early December).
As shown in the figure, the 2001 budget started in mid-May with the Planning Kick-off Meeting and ended in early December.
