Integrated Budgeting Architect

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 budgetsWho 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 ConsultantsHow 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 EnvironmentOrganizational 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 environmentDay Two: The Business Plan and Budget DevelopmentDeveloping the business plan Identification of key value drivers Achieving objectives Zero base budgeting Activity based budgeting Developing the Cash BudgetDay Three: Analysing the Applicability of Historical Data Using ExcelProblems 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 toolDay Four: Using Activity-Based Budgeting and Cost Analysis TechniquesCost behaviour and breakeven analysis Activity based costing Budgeting for Processes rather than Departments Defining Key Cost Drivers Defining Key Activities Developing the Activity-Based BudgetDay Five: Capital Budgeting and Project AppraisalIdentify 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 modelAsset 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