Back to TopBack to Top

Lessons Learned from FMI PDWeek 2013


November 30, 2013

We attended the Financial Management Institute of Canada Professional Development Week in Ottawa this week. FMI is focused on financial management in government. The annual event draws thousands of public servants.

Lessons learned this year included:

  1. Financial management (value for money, efficiency, performance) is at the core of good governance.
  2. Speed is only one dimension of government performance. High speed can lead to high stress, lack of looking “outside the box” for new information and prevent innovation.
  3. Although it is fashionable to speak of government as an “enterprise”, it’s not. Government should seek efficiency in information systems, but standardization has diminishing returns and introduces high risk.
  4. Transparency increases trust in government and is a fundamental element of strong institutions. Any lack of information is interpreted as hiding something.
  5. Collaboration within government organizations and across the public sector needed to improve service delivery.
  6. Good governance and good financial management is a journey, not a destination. Leadership is about enabling this change.
The following two tabs change content below.
Doug Hadden

Doug Hadden

Executive Vice President, Innovation at FreeBalance
Doug is responsible for identifying new global markets, new technologies and trends, and new and enhanced internal processes. Doug leads a cross-functional international team that is responsible for developing product prototypes and innovative go-to-market strategies.

Leave a Reply