Budget Presentation, Administration and Management

This training will provide participants with crucial cost awareness and budgetary skills by combining techniques analysis, problems, and examples of real case studies, 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.

Budget Preparation, Allocation & Cost Control training is essential for organizations and assists them in the decision making and planning process. This training provides participants with crucial cost awareness and budgetary skills by combining techniques analysis, problems, and examples of real case studies, 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.

The effective management of budgeting and cost control is crucial for contemporary organizations. In a modern competitive world, companies want to stay competitive; they are urged to think in terms of process-value added to customers / shareholders. Along this line, budgeting, as well as tracking, controlling & reducing cost, represent essential activities that should be monitored efficiently by organizations as they implement their key processes, activities, and operations.

By the end of this training, participants will be able to:

• Identify the role of budgeting within the organization’s management system.
• Develop a proper system of cost analysis for budgeting purposes. 
• Master the budgeting and financial skills required for better decision-making.
• Link strategy to operational plans
• Learn new best practices to manage organizational performance.
• Integrate organizational drivers with strategic objectives.
• understand the interrelationship between financial and pre-financial drivers.

Participants attending this training course will:

• Successfully build integrated planning, budgeting, and reporting process
• Understand costs behavior more accurately.
• Deliver more timely and useful information to decision-makers.
• Understand capital budgeting.
• Identify and manage key financial indicators for the business.
• Be able to use specific cost analysis and performance measurement techniques.
• Be prepared to understand and implement the Balanced Scorecards
• Be prepared to interpret the financial impact of strategic directions.
• Understand the problems of overheads allocation and how Activity-Based Analysis may aid decision-making and pricing strategies.
• Select the performance measurement systems that work.
• Think proactively beyond budgeting.