Level 3 - Digital Centres Of Excellence

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Level 3 of the diamond

Digital Centres of Excellence

At this level, experts provide insight derived from the information that has been handed over to
them from level 4.

The four components at this level are:

  1. Financial planning and analysis

  2. Taxation

  3. Project management

  4. Project appraisal

Financial planning and analysis

This team helps the organisation to set, monitor and evaluate progress towards achieving organisational goals and objectives.

The specialists utilise both quantitative and qualitative analysis of all the operational aspects of the organisation in order to do so.

Taxation

The tax specialists focus on:

  1. Tax compliance - following the rules and regulations

  2. Tax planning - reduce the total tax paid

Project Management

These teams work to deliver projects within a timeframe, of the correct quality and within budget.

There are five stages to the project management process:

  1. Initiation

  2. Planning

  3. Executing

  4. Controlling

  5. Review and close

Project Appraisal

These teams provide costs and benefits of a new project.

It takes place as part of the first stage (initiation) of the project management process.

Projects can be appraised using a number of different techniques

  1. Payback

  2. Net Present Value(NPV)

  3. Internal rate of return(IRR)

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