Ahead of the Game: FP&A Pre-Mortems for Proactive Project Risk Management

In the world of business and project management, ensuring the success of initiatives is of paramount importance.

Everyone in finance has heard of post-mortem analysis- the idea of conduct an analysis after a project’s completion to check what went wrong.

Well, pre-mortems are similar.

What is a Pre-Mortem?

In as nutshell, a pre-mortem is a proactive approach which can help identify potential pitfalls and mitigate risks beforehand.

It is a technique used to anticipate and identify potential project failures before they occur. Unlike post-mortems, which are conducted after the project is completed, pre-mortems are performed at the outset of a project or during its early stages.

It involves envisioning a hypothetical scenario where the project has failed and working backward to determine the causes of that failure.

Why Conduct a Pre-Mortem from an FP&A Perspective?

The FP&A function within an organization plays a crucial role in ensuring financial stability and performance. By conducting a pre-mortem, FP&A teams can add value to the project management process by providing financial insights and…