Strategic Budgeting for Executive Decision-Making #252007

Course Details

This intensive five-day executive program is designed to equip leaders and financial professionals with the skills and knowledge to develop and implement effective strategic budgeting practices. Participants will learn how to align budgets with strategic goals, optimize resource allocation, and make data-driven decisions that drive organizational performance.

Upon completion of this program, participants will be able to:
• Understand strategic budgeting concepts: Grasp the fundamental principles of strategic budgeting and its role in organizational success.
• Develop effective budgeting processes: Design and implement efficient budgeting processes that align with strategic objectives.
• Analyze financial data: Utilize advanced financial analysis techniques to identify trends, opportunities, and risks.
• Make data-driven decisions: Employ data-driven insights to inform strategic and operational decisions.
• Communicate financial information effectively: Present complex financial information in a clear and concise manner to diverse audiences.

This program is ideal for:
• Executives and senior leaders: CEOs, CFOs, and other C-suite executives responsible for strategic planning and financial oversight.
• Financial professionals: Controllers, budget analysts, and financial analysts involved in budgeting and forecasting.
• Business unit heads: Managers and directors responsible for managing budgets and driving business performance.

• Pre-assessment
• Live group instruction
• Use of real-world examples, case studies and exercises
• Interactive participation and discussion
• Power point presentation, LCD and flip chart
• Group activities and tests
• Each participant receives a binder containing a copy of the presentation
• slides and handouts
• Post-assessment

• The role of budgeting in strategic planning
• Aligning budgets with organizational goals
• Developing a strategic budget framework

• Zero-based budgeting
• Activity-based budgeting
• Incremental budgeting
• Forecasting techniques and tools

• Ratio analysis and financial metrics
• Variance analysis and performance measurement
• Cost-benefit analysis and decision-making

• Budgeting for growth and innovation
• Budgeting in a volatile economic environment
• Budgeting for sustainability and ESG factors

• Best practices for effective budgeting
• Real-world case studies of successful budgeting strategies
• Interactive workshops and group discussions

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Course Details