How to Prepare for a
Profitability Enhancement Analysis
9 Questions to Ask Yourself Before
Beginning an Analysis
If you’re considering a profitability enhancement analysis for your financial institution, it's important to understand all the key aspects that are involved in the assessment, and that you ask yourself some important questions including for example:
- What are your strategic objectives?
- What type of data needs to be collected?
- Who is responsible for the different aspects of the project?
- How will the findings be implemented, and how will you measure results?
Whether you plan to execute this initiative internally or hire an outside partner, these are the 9 questions to ask your ask in order to make the most out of your engagement.