Course: Integrating Budgeting, Forecasting and Business Planning

Course Overview Course: Integrating Budgeting, Forecasting and Business Planning

This course will provide not only the theoretical background but also the necessary skills to build world class standards into your planning, budgeting, performance measurement and reporting system. The course will concentrate on imparting to delegates how to learn the concepts, processes, and techniques of budgeting and business planning in order to be better able to carry out their budgeting and business planning tasks and responsibilities.

By combining techniques analysis, problems and examples with real case studies the course provides delegates with key cost awareness and budgetary skills, which is essential in managing and controlling processes/projects in times of increasing global competition where the budgets are inextricably linked with both strategy formulation and cost analysis.

What are the goals?

• Build an integrated planning, budgeting and reporting process
• Understand costs behaviour more accurately
• Deliver more timely and useful information to decision makers
• Improve you the budgeting/financial skills required for better decision-making
• Appreciate the need to link projects within budgets

Who is this course for? The course is designed for anyone involved in the budget and business planning process within their organisation. It is equally appropriate for those who manage projects and who wish to have a greater understanding of how budgets, business plans, and projects interlink.

This course is suitable to a wide range of professionals who have budgetary control and are involved in the business planning process, including, but not limited to:

• Professionals who require a more in-depth understanding of integrated planning & budgeting techniques
• Accountants responsible for budget preparation & management reporting
• Financial Planners and Cost Analysts
• Line heads with direct planning and budgeting responsibility
• Professional advisers, Account Personnel and Business Consultants

How will this be presented? This course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This will include presentations delivered in a highly participative style with discussion, practical exercises and team-based case studies.

Day One: Budgets and Strategy in Today's International Environment

• Organizational planning framework
• The product / information / decision support cycle
• Strategic, tactical, and operational forecasts
• The strategic approach to business planning
• Various strategic and tactical approaches to business planning
• The international business environment

Day Two: The Business Plan and Budget Development

• Developing the business plan
• Identification of key value drivers
• Achieving objectives
• Zero base budgeting
• Activity based budgeting
• Developing the Cash Budget

Day Three: Analysing the Applicability of Historical Data Using Excel

• Problems of forecasting
• Using historical data to help predict the future
• Forecasting
• Development of Time Series Models
• Using Regression Analysis as a predictor and estimator
• Mastering the use of Exponential Smoothing as a Data Analysis tool

Day Four: Using Activity-Based Budgeting and Cost Analysis Techniques

• Cost behaviour and breakeven analysis
• Activity based costing
• Budgeting for Processes rather than Departments
• Defining Key Cost Drivers
• Defining Key Activities
• Developing the Activity-Based Budget

Day Five: Capital Budgeting and Project Appraisal

• Identify the various types of capital projects
• Discuss the capital project evaluation process
• The impact time has on the value of money
• Using WACC and ROIC as benchmarks
• Development of the Hurdle Rate for capital projects
• Evaluate capital projects by applying NPV, IRR, ARR Payback model

Asset Cost Management Day 1 - Asset Cost Management Introduction

Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must. This workshop is a combination of instructor led topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies. You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

Day Two: Laying the Groundwork Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must. This workshop is a combination of instructor led topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies. You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

Day Three: Applying the Value based Process Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must. This workshop is a combination of instructor led topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies. You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

Day Four: Ensuring the Continuity of the Value-based Process Maintenance & Reliability Best Practices are critical for every successful individual and company. This workshop delivers many practical and new Maintenance and Reliability Best Practices concepts and tools. You will discuss these concepts and practice using practical tools in case studies and discussion groups. The costs associated with equipment downtime and reduced production can be significant. Learning how to effectively manage all aspects of your industrial facility is a must. This workshop is a combination of instructor led topic areas and class discussions. Interactive discussions will allow you to hear and learn best in class applications relating to maintenance planning and cost management strategies. You will have the opportunity to ask lots of questions in order to consider how best to apply these tools and techniques in your organization.

European Quality Training and Management Consultancy - Methodology

• Lectures and Visual Presentations:
  • Theoretical lectures are presented through PowerPoint presentations, videos, and short films, providing a comprehensive and enjoyable learning experience.
• Scientific Assessment:
  • Trainees are thoroughly assessed before and after the training program to ensure the desired objectives are achieved and to provide necessary guidance.
• Brainstorming and Role-playing:
  • Innovation and problem-solving are encouraged through brainstorming sessions and role playing experiences.
• Practical Cases:
  • Practical learning is emphasized through cases relevant to the subject matter and the nature of work for the trainees, contributing to the development of practical skills.
• Final Evaluation and Certificates:
  • A comprehensive assessment is conducted at the end of the program. Trainees are awarded attendance and participation certificates recognized by the European Quality Training and Management Consultancy, provided they have completed at least 80% of the program days.
• Training Materials:
  • Professional trainers and experts in various fields create scientific and practical training materials, which are printed and retained, and distributed on CD or flash drives to ensure easy access to the content.
• Post-Training Follow-up:
  • European Quality Training and Management Consultancy provides continuous support after the training program. This support includes additional consultancy sessions or workshops to ensure the continuity of learning and the application of acquired skills in the working environment.
• Customized Training Programs:
  • Training programs are designed to meet the needs of individual companies and institutions . click apply for full job details