Plan → Design → Execute → Measure → Optimize → Lessons Learned
| Plan | Capture the requirements for the administrative function and create a plan to achieve them. |
| Design | Design the principles, processes, procedures, policies and internal controls required to achieve the work. |
| Execute | Implement the designed administrative functions. |
| Measure | Measure execution using management accounting. |
| Optimize | Make changes to execution to try to improve results. This is a cycle of execute → measure → optimize ↺. |
| Lessons Learned | Lessons learned is the process of taking a step back from optimization to look at the big picture. Evaluate your results and think about how things could be different. |
