Develop an outline of an optimal strategic financial plan for State College in which you do the following:
Identify elements of the strategic financial plan.
Describe who is involved in the planning process and provide a timeline for the plan.
Explain how the plan will be monitored and tracked for progress and how often.
Explain how you will ensure the budget aligns with the college strategic plan.
Explain what types of data will be provided by assessments to show evidence of meeting goals.
Explain how the assessment data will be shared.
Explain how the college will know if it meets its goals.
Part 2: Analysis of Strategic Plan
Write a 900- to 1,050-word analysis of your strategic plan in which you do the following:
Explain how each component of the plan aligns with the institution’s mission and goals.
Explain how you plan to apply budget philosophies, processes, resource allocations, and accountability when implementing the strategic plan.
Analyze what challenges could emerge as the plan continues to develop and recommend how will you address those challenges.
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