PLANNING, BUDGETING & FORECASTING
Available Dates & Locations
COURSE OVERVIEW
Budgeting is a must competency for all professionals in the supervisory and managerial levels. Understanding budgeting types, planning a budget, executing and monitoring budgets are covered in this course. Additionally, delegates will practice budgeting forecasting methods and designing dynamic budget models. They will also design capital budgeting viability models.
COURSE OBJECTIVES
By completely attending this course, participants will be able to:
- Understand what is meant by strategic planning and budgeting
- Perform the 4 functions of management using case studies
- Practice different types of budget styles, techniques, and methods and determine pros and cons of each type
- Learn and exercise several forecasting techniques to better budget for future expenditures and revenues
- Acquire in-depth knowledge and application of the capital budgeting tools and techniques.
- Apply different cost mechanism tools and optimization procedures
- Learn how to differentiate between cost elements and their impact on the overall budgeting decisions.
NOTE
This course requires the use of laptops with Excel 2016/2019/365. Delegates must bring their own laptops with Windows-based Excel fully installed.
TARGET COMPETENCIES
- Strategic Planning and budgeting
- Functions of Management
- Budget Cycle, Process and Approaches
- Forecasting Techniques
- Capital Budgeting
All managers, supervisors and analysts who plan, design, execute, and/or monitor management budgets. Professionals interested in determining the viability and success factors of capital projects.
This course demonstrates core principles in Budgeting and Planning and utilizes Excel in performing modern and creative techniques of Budgeting. Real-life case studies, individual workshops, and team presentations by participants.
