This lesson examines the importance of objective setting, problem-solving, and project management skills in treasury . The ACT Diploma syllabus covers “evaluating the importance of objective setting, problem solving and project management skills” as part of the role of treasury in supporting corporate objectives .

5.1. Objective Setting and Planning

Treasury managers must set clear departmental, team, and personal objectives . This involves:

  • Strategic Alignment: Ensuring treasury objectives support the achievement of both the treasury department’s and organisation’s objectives .

  • SMART Objectives: Setting specific, measurable, achievable, relevant, and time-bound objectives.

  • Actionable Plans: Developing actionable and measurable plans within agreed time, budget, and quality parameters .

5.2. Project Management in Treasury

Treasury managers must manage projects effectively:

  • Managing Projects, Acquisitions, and Disposals: The ACT Diploma syllabus covers the ongoing management of projects, acquisitions, and disposals .

  • Problem-Solving: Identifying and resolving complex treasury issues .

  • Risk Management: Integrating risk management into project planning and execution.

5.3. Innovation and Change Management

The treasury manager must manage the implementation of new ideas through the identification and development of opportunities for business growth . This includes:

  • Developing, managing, and implementing ideas to improve treasury and business-wide processes .

  • Understanding the process of change .

  • Managing periods of transition to capitalise on innovation .

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