-: So my name is Christian Bruckner,
I am the manager of financial planning
for Command Aerospace.
So my role in financial planning and analysis is,
and it's a manufacturing environment,
so typically it starts with a five year strategic plan
that happens around in July, August timeframe
and what you're doing is looking out,
what's going to happen to the business
over the next five years after you've finished
the current year?
Towards the end of the year, we then take
that information and we get a little more granular
on the following year, and we create what's called
the annual operating plan.
So it's taking that and boiling it down,
distilling it down to much more detailed information.
Then throughout the year what we do is,
we do interim reporting, internal management reporting
and continually update this forecast throughout the year.
Whenever there's an investment decision
that needs to be made, so maybe an R&D investment,
moving into a new product line,
or maybe a capital investment, so that's going
and buying new plant and equipment,
so the bigger type purchases,
we have to create a business case,
or it's someone on my team creating a business case
and I'm just reviewing it.
So there's a lot of work that's involved in that.
So it's do I believe all of the assumptions
that are made, and do I believe that it's coming out
into a business case that I would sign up for
when we go to the next level management,
to the executive management.
So is it something that I can support?
So those projects they might last a couple of months
from that initial request of, hey we wanna go
spend money, the business wants to go spend money,
between that and when we actually have a solid
financial model, a solid business plan
to go forth to the next level management.