nternal Communications ( 6/1/2016 1:50 PM )
Updated approval and reporting processes for projects (F11 guideline)
The newly updated F11 guideline is now in place to specify the approval and reporting processes for different levels of projects at GfK.
Every day, our teams around the world plan business endeavors to provide clients, both internally and externally, with innovative insights and added value. Therefore, it’s crucial that we have a standard in place to make sure important projects start and finish in the same way across the entire organization.
What does the F11 guideline cover?
Applicable for all companies affiliated with the GfK Group, the F11’s aim is to help our teams ensure projects are executed successfully and in a timely fashion.
It outlines when a project requires the prior approval of the Management Board or a business and finance executive, such as a Management Board member or Sector / Regional CFO, and defines the roles and responsibilities of key stakeholders. It also defines which documents must be used, the approval process, change management process, reporting cycle and the format of reporting and frequencies for business transactions.
The guideline has been updated to support the change in scope of projects at GfK and to reflect the roles of Group Controlling and the Global Project Management Office (PMO) in supporting the project teams to deliver on our promises.
Please read the F11 guideline before starting any major GfK project
The revised document can be found in the Legal & Compliance Community, here. There is also a PowerPoint presentation available to help you get to grips with the details of the updated version – take a look to see:
- more information of which kind of projects are covered in the F11 guideline
- the categorization of projects based on their size and importance
- the approval flow for different projects
- how to handle change requests
- what has to be reported and by when