Business Planning and Budgeting - Code BPB
| Objective |
: |
To provide operating managers with a perspective of the planning process and the elements of successful planning, execution and measurement of outcome, and basis for improvement. |
| Audience |
: |
All operating managers responsible for decision making and financial impact in their operating areas. All cost centre and revenue center managers and their support executives. |
| Methodology |
: |
Topical discussions, planning exercises and self reflection. |
| Duration |
: |
1 day |
Course Outline
| I. |
Corporate Objectives in Planning
a. Company vision and long term direction
b. Setting goals and objectives
c. Key to achieving success in planning & budgeting
d. Planning as a management tool |
| II. |
The Corporate Budgeting System - Framework for planning
a. Business planning and budget policy
b. Cost and revenue centers
c. The budgetary system and its components
d. Keys to successful planning and execution |
| III. |
The Corporate Budgeting System - Revenue planning & budgeting
a. Goals and long term sustainability
b. Planning assumptions
c. Strategies and execution |
| IV. |
The Corporate Budgeting System - Cost planning & budgeting
a. Goals and long term income maintenance
b. Planning assumptions
c. Strategies and execution |
| V. |
Performance Variance Management
a. Measurement of performance
b. Deviation and variances
c. Analysis and control of variances |
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