This programme provides participants with a strategic tool to manage their operations. Plans and budgets are management tools to organize resources and guide actions. The competitive environment and complex workplace make achievement of result with limited resources challenging. Plans and budgets are not cosmetics for board room consumption – they are the managers’ tools to get things done.
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| Subject | Description |
| 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. |
| Upon Completion | Over the 2-days period, participants to this course will gain holistic knowledge in Finance as well as valuable business insights through guided instruction and collegial discussions with the speakers. Participants would –
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| Audience | Business managers and operational executives with cost and revenue and budget or planning responsibilities. |
| Methodology | Topical discussions, planning exercises and self reflection. |
| Duration | 2 days |
Course Outline
| Subject | Descriptions |
| Performance Management | 1. Understanding business performance
2. Cost and revenue centres 3. Performance indicators 4. Return on investment – ROI vs. ROE |
| Business Planning | 1. Forms of business planning
2. Strategic planning 3. Operational planning 4. Business forecasting |
| Business Budgeting – 1 | 1. Budget education for non-finance staff
2. Budgets as management tools 3. Key budgetary concepts 4. Prerequisites to effective budgeting |
| Business budgeting – 2 | 1. Budget construction – revenue budgeting
2. Budget construction – cost budgeting 3. Budget construction – cash flow budgeting 4. Performance analysis – managing performance |