Budget Management & Control

Course Description

   (Objectives)           

• Develop the skills to effectively Use Budgets as a management tool:
  • Identifying key performance indicators for effective and focused decision making
  • Performing “What If” and Sensitivity Analysis to evaluate the implications of changes in major factors of production and consumption
  • Recommending various courses of action to manage the implications of “What If” and Sensitivity Analysis.
• Develop the skills to effectively Manage & Control the budgeting process by:
• Implementing advanced planning and control techniques such as
  • Variance Analysis into the budgeting process
  • Providing a decision support structure that provides timely and useful information to decision makers

(Participants)           

• Financial managers, finance controllers treasurers and inventory managers
• Senior managers with a direct responsibility for financial management and control
• Accountants, sale and purchase managers and managers responsible for relationship with banks
• Any manager, at a medium and senior level, who is a part of the financial decision making team.
• New interns and trainees with finance related responsibilities.
• Department heads, process owners, administrative personnel associated with budget management, financial and technical professionals, sales and marketing professionals, project managers, and anyone who needs to understand how to develop cost projections for their department, projects.