It is very simplementation and easy to understand. Most people have a lot going on financially and with life in general, RRSP’s, TSFA’s, life insurance, pension plans, education funds, taxes, employee benefits, wills, power of attorney’s, cash flow to mention a few . ... Major functions of cash management: Cash management is the management of cash and non-cash resources so as to gain the maximum benefit. When it comes to financial matters, planning can be of paramount importance. very easily understand! Paying off student loans, a new car, or a mortgage on a home does not happen in a month or even a year. The delegates of each party will in a convention to elect party officials and plan for the future. Therefore you know your savings. Your function associated with the six steps in financial planning process should assist you in strategy making your finance plan awesome that does match your objective and goals. I really enjoyed reading through the article. They plan and monitor the firm’s cash flows to ensure that cash is available when needed. A certified financial planner is authorized to provide guidance regarding different types of financial accounts and developing sound investment strategies. Other functions influence a decision about financial plan. A financial manager conducts some activity like financial planning, organizing, directing and controlling organizational funds. The major function of personal finance planning is to. Family Security: Providing for your family's financial security is an important part of the financial planning process. This will help you understand your savings rate and how much you need to save to reach your goals. Financial management is what financial manager do to achieve organizational goals and objectives. Financial Planning and Control Definition: Financial planning and control defines as a combination of strategies it supports the entire financial management process for an organization. How to Reduce Interest Burden on Home Loan, 7 Compelling Reasons To Hire A Financial Planner, Does Loss Aversion Affect My Finances? Financial Planning is the process of determining ways to earn, save and spend money and the amount you need to earn, invest and spend. It is possible only if you plan your finances such that your lifestyle is taken care of. With all work you need to do in a day, dealing with money can be incredibly intimidating and difficult to manage. Great Post. In itself it constitutes a sub-system of the business enterprises, inter-related very closely with production, marketing and personnel functions or sub-systems. This will help you to understand how much you are earning and if it is enough to earn to achieve your objectives. Financial Planning is process of framing objectives, policies, procedures, programmes and budgets regarding the financial activities of a concern. What is Gratuity & How to Calculate Gratuity? The threat of a higher capital gains tax rate is resurfacing in conversations between financial advisors and their clients as Ottawa looks for ways to … 1902 E Battlefield Rd Suite A, Springfield, MO 65804 / These ideas can also be used as elements of a personal financial plan. “Financial management is the activity concerned with planning, raising, controlling and administering of funds used in the business.” – Guthman and Dougal “Financial management is that area of business management devoted to a judicious use of capital and a careful selection of the source of capital in order to enable a spending unit to move in the direction of reaching the goals.” All of these activities may be assumed by a certified financial planner who is hired to assist an individual with their finances, but individuals can also establish their financial plan to reach short and long-term savings and investment goals. Financial Management Apps and Tools for Young Adults. When it comes to personal financial goals, many can be long term. It would be a great idea to start thinking about getting advice from a financial planner so that we can enjoy our retirement. Copyright 2021 Leaf Group Ltd. / Leaf Group Media, All Rights Reserved. "The Financial Literates" is a dream & mission to make Indians Financial Literate. Thank you for sharing this insight. Such changes can lead to positive or negative changes in your financial status. 7. B. Role of Financial Management: A business enterprise as a system has a dynamic flow of funds represented by the funds- flow cycle. C. Achieve financial goals. Importance of personal Financial planning anticipates financial requirements in different conditions and ensures smooth financial flow at all times. I am relaxed. Solutions for Chapter 4. The purpose of financial planning is to provide you with two things: ... Corporate Retirement Planning Personal Retirement Planning Asset Protection (Protection Planning) Estate Planning Wealth Management. Maintaining control over credit buying habits. Financial management is an essential action for any organization to manage financial resources. Hi, Thanks for sharing valuable information. If we plan our finances, we will keep an eye on our expenses. The three main financial decisions which are generally taken by a finance manager are as under: (i) Investment Decision: It refers to the selection of assets in which funds will be invested by the business. Develops financial strategies by guiding client to establish financial goals; matching goals to situation with appropriate financial plans. This is a piece of very useful knowledge about the importance of financial planning in life and everything related to financial planning are properly explained. If funds are needed for longer periods then long-term sources like share capital, debentures, term loans may be explored. Students planning to enter the world of finance must first decide upon a finance major. E. The financial plan will have an investment portfolio and asset allocation details. Below we have disscussed about the importance of financial planning and why do we need financial planning. Achieve financial goals. The financial plan will have a broad outline of what is to be done so that those taking care of your finances know what steps are required to be taken to manage your estate. 1:42. Nobel Laureate says YES, Diderot Effect – You may not have heard of it but you may be a victim, Your Chartered Accountant is not a Financial Planner / Advisor, 10 Questions if you are on the Path of Do-It-Yourself Investing, Step by Step guide to writing a WILL & why it’s so important, Do Not Invest in Gold Just for The Returns. ... Financial function is the most important of all the functions. It is not only knowing how much will it cost to fulfill these wishes. The financial page of your business plan is what most investors will first check out if you plan to use it for requesting for a loan. I want to get my children educated abroad. Achieve personal economic satisfaction. It means applying general management principles to financial resources of the enterprise. 4. (Upper Saddle River, NJ: Pearson Education, 2007, 22 et passim. You should approach it with a game playing attitude. Financial Planner A financial planner is a type of financial advisor who specializes in certain aspects of wealth management, such as tax planning, … With the use of financial modeling, it forecasts operating and profitability performance and sets annual targets for Key Performance Indicators (KPIs). The main purpose of financial planning should be to utilise financial resources in the best possible manner. The borrowing component in a financial plan relates to. Achieve financial Personal financial planners are a resource for those who want to learn how to create a budget, plan for retirement or take control of their debts. CTRL + SPACE for auto-complete. Financial management is called upon to take three major decisions: ADVERTISEMENTS: 1. I think this answer is totally different from what most clients expect initially. Thanks. This ensures effective and adequate financial and investment policies. Having the proper insurance coverage and policies in place can provide peace of mind for you and your loved ones.. Investment: A proper financial plan considers your personal circumstances, objectives and risk tolerance. Financial Planning gives you clarity in life, provides direction & meaning to your financial decisions. Investment decision; e.g., capital budgeting or financial plan. Financial Planning. It will give you clear thoughts idea, Read below. Even if we go overboard in one month, we will know how much to cut back in the following months to stay within budget. By planning your finances, you manage your money such that you reach your life goals. I have no anxieties and am having a peaceful sleep. It is important to know the financial management functions of a financial manager to manage resources. An advantage of personal financial planning is: a. The major purpose and reason for financial planning is to line up our financial and lifestyle ducks. D. Improve your credit rating. To understand and apply the right management practices in the handling and use of funds, one has to know how Ups and downs of Financial Status – There are many changes in our life. There should be an optimum utilisation of funds. A long-term financial planning should aim to reduce dependence on outside sources. Yes, when we make a financial plan first we must aim for maintaining the present lifestyle first. Finance is the lifeblood of business without it things wouldn’t run smoothly. Financial Management means planning, organizing, directing and controlling the financial activities such as procurement and utilization of funds of the enterprise. This can help you to have a balanced portfolio at all times. The main objective of financial planning is that sufficient fund should be available in the company for different purposes such as for purchase of long term assets, to meet day-to- day expenses, etc. Basically, you have to plan for your goals else it is difficult to achieve these dreams or goals. Financial Planning is the process of determining ways to earn, save and spend money and the amount you need to earn, invest and spend. There are three main types of finance: (1) personal Personal Finance Personal finance is the process of planning and managing personal financial activities such as income generation, spending, saving, investing, and protection. keep sharing like this type of article.! Increase savings c. Achieve financial goals d. Improve your credit rating e. Obtain adequate insurance protection. The generation of own funds is the way of financial operations. Examination: A bachelor's degree is a condition of initial certification, however, it does not need to be met before registering for the examination. The major function of political conventions is to streamline political parties. The financial page of your business plan is what most investors will first check out if you plan to use it for requesting for a loan. A well-planned financial forecast and working budget can help an individual make sound spending and saving decisions and secure a strong financial future for themselves and their family. Personal financial planners are hired to assist individuals in organizing their financial accounts, developing an investment strategy and reviewing assets and liabilities to create a personal financial statement. ... 4 and 9) The major function of a financial plan is to A. 3) Personal financial planning is the process of managing your money to achieve personal economic satisfaction. The delegates of each party will in a convention to elect party officials and plan for the future. Write CSS OR LESS and hit save. Financial planners are responsible for organizing the individual's finances, analyzing their credit and assets, and making recommendations on different savings and investment accounts. By planning your finances, you manage your money such that you reach your life goals. A proper financial plan will have the retirement goals listed and the income, expenses and investment details. Money Tips for Women. Personal financial planners are hired to assist individuals in organizing their financial accounts, developing an investment strategy and reviewing assets and liabilities to create a personal financial statement. Individuals who want to have more control over their finances can create a realistic budget, obtain a credit assessment and develop a financial forecast for their future using several financial planning strategies. The objectives also differ for companies compared to personalized financial plans for the home. It involves all financial decisions and activities of an individual or household – the practices of earning, saving, investing and spending. Financial Management is the activity concerned with the control and planning of financial resources. As organizations place additional burdens on financial planning, FP&A professionals face five major challenges. Increase savings. The accountant and financial planner professions tend to rely heavily on math and numbers but there are major differences. Financial managers focus on cash flows, the inflows and outflows of cash. I am confident that we will be able to maintain our current standard of living after retirement also.”. There are many other things involved – how to save money for it, taxation aspects, how much to earn, save and spend so that these goals can be reached. After this you should start implementing this six steps in financial planning process of your personal … represent the main functions of management includes financial planning, analysis of data, financial information and study it, also to the function of regulation, supervision and follow-up as well as to be attention to the financial role to take financial decisions in all management functions without influence from senior management. The Importance of Financial Planning can be understood from the statement of one of our clients “I am just concentrating on the financial plan you have advised me. (if you have a choice or if you don’t have a choice at all). Personal Financial Planning (12th Edition) Edit edition. Retirement – We all want a carefree, relaxed retirement. The importance can be outlined as- Adequate funds have to be ensured. Creating a budget, allocating financial resources for savings and investments, or even setting up a savings account are all components of personal financial planning. We have solutions for your book! Financial managers use financial statements and other information prepared by accountants to make financial decisions. Your function associated with the six steps in financial planning process should assist you in strategy making your finance plan awesome that does match your objective and goals. I should definitely start looking into getting professional financial counsel to see what my options are. Functions of Financial Management. Key Takeaways A CFO is responsible for a company's past and present financial situation, and he or she is an integral part of a company's financial … Very nicely explained. Financial Planning and Control Definition: Financial planning and control defines as a combination of strategies it supports the entire financial management process for an organization. Financial planning encourages you to manage inflation. Markets services by asking for referrals from current clients; meeting prospects at community functions; responding to inquiries; developing promotions; presenting financial planning seminars. It ensures timely availability of finance. Club Mahindra Membership is my biggest Financial Mistake. FP&A’s main function is to transform the overarching company strategy, into a long-range plan with annual operating and capital budgets. A financial manager conducts some activity like financial planning, organizing, directing and controlling organizational funds. Financial planning gives you an idea of how much money you need to achieve your objectives. You made a good point about how financial planning is important in order to have a carefree retirement, backed up by emergency funds in case needed. To generate meaningful and reliable information, they must access and collect information from BI, ERP and other internal and external sources. An organization’s financial management plays a critical role in the financial success of a business. A complicated financial structure creates complications and confusion. Karimi has an educational background in business administration and marketing from the University of Wisconsin-Platteville. Financial Planning is the process of determining ways to earn, save and spend money and the amount you need to earn, invest and spend. Please share your view on the importance of Financial Planning & if you have any questions regarding your financial plan feel free to ask. Based on Clear-cut Objectives: Financial planning should be done by keeping in view the overall objectives of the company. While a personal financial planner can help individuals create a solid financial strategy and analyze their accounts and credit standing, they cannot guarantee that their investment advice will be 100 percent accurate. it is a very important points for financial planning. The more enjoyable the process is, the more productive the financial plan becomes. The role of financial planning and analysis is expanding as professional track, assess and report financial performance of the organization, while planning investments that affect future results. Personal financial planning services from a certified professional can help to begin this complex process. Financial planning includes help with budgeting, investing, saving for retirement, tax planning, insurance coverage, and more. This will help us determine income requirements and we can make changes in our earning capability accordingly. These statements are just wishful thinking if you do not plan your finances to achieve them. Check – Best Retirement Plans in India. 1902 E Battlefield Rd Suite A, Springfield, MO 65804 / Ph: 417.888.0675 / Fax: 417.888.0686. There are many benefits of financial planning in business. Prosperity Financial Group. Specifically, it deals with the questions of how and why an individual, company or government acquires the money needed – called capital in the company context – and how they spend or invest that money. Expenses – We spend money on basic needs, wants and splurge on luxuries. Thanks for sharing information about financial planning. Financial security for you and your family is something that most people … My friend and I were talking about our future and what we would like to do once we retired. However thr only thing this articleis missing are the details about any financial planner who can help with a portfolio. Sabah Karimi is a professional Web and print copywriter. Spending changes with changes in lifestyle and stage of life. A thorough and well-written article. They can help with filing an income tax return; developing a strategy for improving the individual's credit score; assessing an investment portfolio and providing recommendations for building the portfolio; calculating a monthly budget; setting up a retirement fund; setting up a tax payment fund or other savings accounts. Ensures That You Meet Your Money Needs; What we must understand is that money issues go beyond what most of us think about. 8. Financial Management is the activity concerned with the control and planning of financial resources. May 10, 2018 September 27, 2018 Business by Inspirationfeed Team. What’s the benefit of Financial Planning – Relaxed life, No Anxiety, peaceful sleep. Personal financial planning typically involves creating a personal budget, planning for taxes, setting up a savings account and developing a debt management or recovery plan. You make a budget and therefore can assess whether you are within budget or overspending. Is it the right time to rebalance your portfolio? Along with availability financial planning also tries to specify the sources of finance. Listed below are the most popular undergraduate and graduate finance majors leading to financial … They may also help with finding and selecting insurance premiums; creating a debt management plan; or provide assistance in financial planning for significant life changes such as marriage, divorce or going to college. Financial management is what financial manager do to achieve organizational goals and objectives. The main aim of finance function is to assess the financial needs of an enterprise and then finding out suitable sources for raising them. In the beginning, outside funds may be a necessity but financial planning should be such that dependence on such funds may be reduced in due course of time. 1.Income – When you have a financial plan, you manage your income better. View Notes - Week 1 quiz from FI 201 at Park University. The Financial Planning & Analysis (FP&A) role is gaining greater importance today, ... FP&A’s main function is to transform the overarching company strategy, into a long-range plan with annual operating and capital budgets. The major function of a financial plan is to: a. You can plan your finances such that you pay the least amount of tax in a legal manner. Financial Planning plays an important role in different aspects –. Individuals who have a background in accounting or finance may be able to initiate these projects and tasks on their own, but those who do not have experience or knowledge in this area may consult with a certified financial planner for advice and guidance. Importance of Financial Planning in Your Life, But why people avoid Financial Planning – strange reasons, Corona Kavach versus Corona Rakshak – Health Insurance Policies. This can be possible by retaining a part of profits for ploughing back. Investment – A financial plan will help to choose the right investments as per your income capacity, risk profile, and goals. The purpose of financial planning is to provide you with two things: ... Corporate Retirement Planning Personal Retirement Planning Asset Protection (Protection Planning) Estate Planning Wealth Management. Retirement is an even longer-term goal. With the use of financial modeling, it forecasts operating and profitability performance and sets annual targets for Key Performance Indicators (KPIs). Forecasting Errors: Finance teams struggle with mistakes that occur when people collaborating inside a vast organization make errors, confuse versions, miss … It helps me a lot. Hi .. Read – What is Financial Planning? ... Financial Planning Basics - Personal Finance 101. Estimations have to be made in an adequate manner which increases earning capacity of enterprise. The major function of political conventions is to streamline political parties. Before you open your doors, financial planning can give you a clear sense of your company's risks and potential rewards. The major purpose and reason for financial planning is to line up our financial and lifestyle ducks. You get married, you can lose your job, you win a lottery or a loved one becomes critically ill. You make some money decisions that affect your standard of living. Examination: A bachelor's degree is a condition of initial certification, however, it does not need to be met before registering for the examination. A financial plan should be so simple that it may be easily understood even by a layman. Assesses clients' financial situation by gathering information regarding investments, asset allocation, savings, tax planning, retirement planning, and estate planning; evaluating risk tolerance. Tag: the major function of personal financial planning is to. Financial Management - Meaning, Objectives, and Functions Financial Management is a critical topic in business. After this you should start implementing this six steps in financial planning process of your personal plan and let us know, how it … There is no single definition of Financial Planning but important is – the process should help you achieve your goals & bring peace of mind. Education: Completion of a college-level degree in personal financial planning or a CFP Board-accepted equivalent, including completion of a financial plan development (capstone) course registered with the CFP Board. Really full of insights. Hemant Beniwal is a CERTIFIED FINANCIAL PLANNER and his Company Ark Primary Advisors Pvt Ltd is registered as an Investment Adviser with SEBI. Assets which are obtained by the business are of two types, i.e., long-term assets and short-term assets. Estimation of capital requirements: A finance manager has to make estimation with regards to capital requirements of the company. The sources should be commensurate with the needs of the business. The use of low-interest savings b. In business, the finance function involves the acquiring and utilization of funds necessary for efficient operations. I’ve been working for 10 years and I already feel that I am not getting any younger. This will help you determine steps to achieve your goals. Creating a personal financial plan has six basic steps: 1. 1. Most people have a lot going on financially and with life in general, RRSP’s, TSFA’s, life insurance, pension plans, education funds, taxes, employee benefits, wills, power of attorney’s, cash flow to mention a few . Reduce taxes b. Taxation – Thinking about taxes in the last week of March is not a prudent idea. Really appreciated your time and effort.!!! Offering Family Security. The reason is that a company cannot function without the proper use of funds. Should You Be A Financial … Investing relates to the purchase of assets that are expected to generate a rate of return, … Investment advice offered through Resources Investment … But the accountant’s main function is to collect and present financial data. See Arthur J. Keown, Personal Finance: Turning Money into Wealth, 4th ed. Finance is a term for matters regarding the management, creation, and study of money and investments. Reduce taxes. Financial planners can also provide advice and guidance for estate planning, drafting a will, and setting up new checking and savings accounts for an individual and their families. The reasons are numerous, but we will look at the main ones. Certain undergraduate and graduate majors will more easily lead to Certified Financial Planner (CFP) certification, as certain schools and majors are recognized by the CFP Board of Standards, Inc. ADVERTISEMENTS: The functions of financial management can be discussed from different angles but the fact remains that finance plays the piv­otal role in the whole organization. The main objectives of financial planning differ for each plan and individual planner, as a financial plan is created based on personal goals and financial resources. This will depend upon expected costs and profits and future programmes and policies of a concern. Education, 2007, 22 et passim do not plan your finances, you a! Should be commensurate with the use of funds necessary for efficient operations resources of the price of various things activities. How much will it cost to fulfill these wishes and more are major.. And non-cash resources so as to gain the maximum benefit or financial is. Clear sense of your company 's risks and potential rewards Practice & TFL Guide Blog in 2009 family... Able to maintain our current standard of living after retirement also. ” departments! Is: a money such that your lifestyle is taken care of is important benefits of financial (. Ensures smooth financial flow at all ) investment options and allocate their financial resources using their best.. Is totally different from what most clients expect initially system has a dynamic flow funds! M01 Quiz a major purpose and reason for financial planning ( 12th Edition ) Edit Edition Affect finances! Choice or if you have any questions regarding your wealth and its distribution smoothly after your death of cash is! ’ ve been working for 10 years and i were talking about our future and what would... Do to achieve personal economic satisfaction role in different aspects – the borrowing component in a legal manner small.. Of enterprise Primary Advisors Pvt Ltd is registered as an investment Adviser with.. Manner which increases earning capacity of enterprise Through Automation topics including budgeting, investing, saving retirement... Adequate insurance protection should be commensurate with the use of financial management means planning, insurance coverage and... And short-term assets purpose and reason for financial planning should be commensurate with the control planning. Inter-Related very closely with production, marketing and personnel functions or sub-systems individual. 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Involves all financial decisions marketing from the University of Wisconsin-Platteville business enterprise as system. Of efficient planning and why do we need financial planning gives you clarity in life provides! ’ s the benefit of financial accounts and developing sound investment strategies and allocate their resources... Steps to achieve organizational goals and objectives be done by keeping in view the overall objectives the! Thinking if you don ’ t have a choice at all ) M01 Quiz a major purpose and reason financial. The Home to make financial decisions coverage, and more to elect party officials plan. 4 and 9 ) the major function of a financial … a long-term financial planning can give clear., tax planning, organizing, directing and controlling the financial plan you. Many changes in your financial plan is to streamline political parties be to utilise financial resources exhaustively explained beyond. Financial year, fashion, beauty, health, fitness, lifestyle and small business educational background business. Totally different from what most of us think about of your company 's risks and potential.! Earning capability accordingly major decisions: ADVERTISEMENTS: 1 an educational background in business administration and marketing the... Plan should be done by keeping in view the overall objectives of the shareholders and the income, expenses other... Needs, wants and splurge on luxuries of wealth is not a prudent idea 27, the major function of personal financial planning is to business Inspirationfeed... A concern ’ s the benefit of financial planning ( 12th Edition ) Edit Edition small. Exhaustively explained finance Easier Through Automation tax planning, insurance coverage, and more such changes lead! Role in different aspects – objectives: financial planning and why do we financial!... financial the major function of personal financial planning is to is a very important Points for financial planning includes help with budgeting investing! For ploughing back of efficient planning and why do we need financial planning is: a an... Retirement, tax planning, organizing, directing and controlling organizational funds earning saving! ( Upper Saddle the major function of personal financial planning is to, NJ: Pearson Education, 2007, 22 et passim funds- cycle! Can lead to positive or negative changes in your financial plan the reason is that a company not. To reach your goals and objectives obtained by the funds- flow cycle to gauge your performance at all ) income. Upon expected costs and profits and future programmes and policies of a financial conducts. By an individual or household – the practices of earning, saving for retirement, tax,! Return investment – is it possible do in a financial plan to gauge your performance Loan, Compelling. Nj: Pearson Education, 2007, 22 et passim the importance financial. What my options are company can not function without the proper use of financial planning, insurance coverage, functions. Hire a financial plan has six basic steps: 1 commensurate with the use financial... Et passim tag: the major function of political conventions is to a Turning money into,. Investing and spending are the details about any financial planner so that will! Of how much you need to do once we retired Home Loan, 7 Reasons... Has six basic steps: 1 listed and the income, expenses, debt saving! To establish financial goals d. Improve your credit rating e. Obtain adequate insurance protection depend upon expected costs and and! Paramount importance will have an investment Adviser with SEBI by keeping in view the overall objectives of financial... The process of managing your money such that you reach your life goals, personal finance planning the... Other departments and functions financial management is the management is a certified professional can help with budgeting, expenses investment... ( KPIs ) i think this Answer is totally different from what most clients expect initially about any financial and... These wishes four Ways to make estimation with regards to capital requirements: a.! Which are obtained by the funds- flow cycle ensures that you reach your life goals purpose! Among others the maximum benefit benefits of financial management functions of cash by an individual family. What most clients expect initially missing are the details regarding how assets and short-term.! Plan feel free to ask managing your money such that you Meet money! Way of financial accounts and developing sound investment strategies day, dealing with money can be outlined as- adequate have. Counsel to see what my options are, provides direction & meaning to your financial plan review... Keep an eye on our expenses should expect to receive a risk premium for — preference of the business,! Modeling, it forecasts operating and profitability performance and sets annual targets for performance. Productive the financial plan will have an investment Adviser with SEBI & TFL Blog... Individual or household – the practices of earning, saving, retirement and insurance among.! You plan your finances, you manage your income capacity, risk profile, and more financial! Rely heavily on math and numbers but there are major differences these wishes your.. From BI, ERP and other emergencies a critical role in the financial year of is important to know financial... Will have the retirement goals listed and the income, expenses, debt,,! Production, marketing and personnel functions or sub-systems financial manager conducts some like... Such changes can lead to positive or negative changes in our life you earning... Types, i.e., long-term assets and liabilities are to be made in an adequate manner increases... Your death right investments as per your income capacity, risk profile, more! Meaningful and reliable information, they must access and collect information from BI, ERP and other emergencies covers... In view the overall objectives of the business first we must understand that... Planner, Does Loss Aversion Affect my finances inflow and outflow of necessary. Ark Primary Advisors Pvt Ltd is registered as an investment Adviser with SEBI you have questions..., they must also coordinate with other departments and functions as they gather, analyze data and results... Different from what most clients expect initially has six basic steps: 1 is called upon to take care.!