Who Should Attend:

• Directors and senior managers, who are planning their next strategic steps and want to maintain a balance and link with their budgets
• Operational managers, middle managers, division heads and experienced functional managers who define and implement company or business unit objectives and influence the future direction of their team
• Finance Departments and Managers working in department related to Strategic and Planning Decisions.

What will you gain?

• Explore the budgeting process, key planning and forecasting techniques used to build and manage reliable budgets
• Forecasts, adjusting to reflect changing conditions and to improve performance
• Apply modern budgeting techniques and support strategic cost management
• Understand how business strategy links with activity-based management and budgets
• Focus on key strategic control areas in business and finance
• Use management tools and techniques to support strategic management.

Course Content

• Agree vision, mission, culture and values
• Key elements in strategic planning
• Role of finance in supporting strategic planning

• Departmental budgets
• Cash budgets
• Capital and operating budgets
• Master budgets

• Fixed & variable costs
• Controllable & uncontrollable costs

• How to engage the business
• Rolling Forecasts Overview
• Conducting well-structured interviews
• Designing carefully considered questionnaires
• Monitoring customer satisfaction
• Management use of Budget and Forecast Data
• Categorizing and regrouping relevant information
• Budgeting Methods
• Top-down & bottom-up budgeting
• Zero-based & activity-based budgeting
• Multiple-scenario based and flexible budgeting

• Role of risk management in corporate governance
• Finance’ role in supporting risk management
• Identify all risks, evaluate potential impact
• Incorporate strategic flexibility to respond to internal and external changes and pressures
• Prevent issues becoming risks then turning
• Prevent Failure of Strategies

• Benchmarking and Reporting
• Financial and non-financial key performance indicators (KPIs)
• Milestone monitoring
• Costing techniques and margin management
• Resource allocation and balancing priorities
• Creating systems to monitor effectiveness of implementation.