Audits Virtual Conference - Effective Business and Cost Competitive Strategies
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The document outlines a virtual conference session led by Robert E. Jones on effective business strategies and competitive rates audits. Key topics include aligning audit objectives with business goals, creating cost elements, and managing cost pools for successful audits. It emphasizes the importance of thorough analysis and the integration of business strategies into daily operations to enhance audit outcomes.
Audits Virtual Conference - Effective Business and Cost Competitive Strategies
- 1. Effective Business and Cost Competitive Strategies Presenter(s): Robert E. Jones Contracts Manager & Compliance Officer Pole/Zero Corporation Session 2, 12:##p.m.-1:## p.m. (EST) Audits Virtual Conference 2014 March 25, 2014 â–Ş 12:00 p.m.-4:00p.m. (EST)
- 2. Agenda • Creating cost elements and competitive rates • Aligning company audit objectives with business development goals • Incorporating effective business strategies into daily activities • Managing cost pools for successful rates
- 4. What if Audits were Awesome?
- 7. My First Audit What did I learn from that audit? 1. Follow the rules 2. Always be prepared 3. When you have a copy of the test, use it!
- 8. My Second Audit What did I learn from that audit? 1. Know where you are. 2. Know where you want to go.
- 9. Why an Audit • Preaward survey • Price reasonableness • Government Property Management System • Part of the business process – WHEN, not IF
- 10. You have the Checklist!
- 11. Where to Find Success •Thorough analysis •The bottom line never changes!
- 12. What You Can Achieve! • Business Systems Rule DFARS 242.70 • Six Business Systems
- 13. What Pole/Zero Accomplished • Created new cost elements and developed new rates • Aligned company audit objectives with business development goals • Incorporated effective business strategies into daily activities • Manage cost pools
- 14. Cost Elements & Competitive Rates • More direct work lowers OH and G&A rates • What are the cost elements? How are the cost pools structured? • Create new cost pools • The bottom line never changes - only rearranging how rates are presented • Competitive rates help win awards
- 15. Align Audit Objectives • Business development participated in changes • Business development had a vested interest in competitive rates • Business development wanted better information for Basis of Estimate
- 16. Incorporate Business Strategies • Do what customers and auditors expect
- 17. Manage Cost Pools • Monthly reports and meetings • Adjust rates as necessary
- 18. Where Are You Today? • Need thorough analysis to identify source of the problem(s) • Time collection system • Cost collection system
- 20. Audit Lifecycle • Gain an understanding of the business • Brainstorm risks and opportunities • Develop hypotheses and set priorities • Analyze risks and test controls • Assess results and brainstorm solutions • Report recommendations for positive change • Begin your next challenge
- 21. Nirvana
- 22. Remember My Opening Story?
- 23. Contact Information Robert E. Jones Pole/Zero Corporation Contracts Manager www.PoleZero.com Left Brain Professionals Read the Answers Blog www.LeftBrainPro.com Questions? robert@leftbrainpro.com
- 24. QUESTIONS? Press the “Raise Hand” icon to ask a phone question. OR Type your question into the Q&A panel.
- 25. END Thank you for participating in today’s program.