Determine critical activities

Trigger: A strategic review, cost-reduction mandate, or business continuity initiative triggers an evaluation of current financial operations.

1. Compile an inventory of all current finance activities
2. Define criteria for business impact and regulatory necessity
3. Assess each activity against the defined criteria
4. Map upstream and downstream dependencies for each process
5. Categorize activities into indispensable and non-critical tiers
6. Validate the prioritized list with departmental stakeholders

Outcome: A validated inventory of indispensable financial activities is established to guide resource allocation and cost-management decisions.