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Dynamic Budgeting and Cost Management Strategies

Dynamic Budgeting and Cost Mangement Strategies

The Dynamic Budgeting & Cost Management Strategies Professionals course is one of our most popular courses. Past attendees love it so much because they leave the course feeling confident.

Last Workshop FEEDBACK

“The Trainer had Good Knowledge on the subject presented”.
Financial Controller
THAL Limited

“The trainer has great command over the content, lecture delivery was easy to adopt ”
Budgeting & Planning Manager
Allied Bank Ltd.

Programme Overview

This Programme provides strategic tool for analysing and managing costs, enabling the participants to look at the bigger picture and ensure that the methods used when identifying strategies are geared toward the financial risk and cost management of the business

Who should attend?

Financial managers/directors, accountants can get a good grip on developing important tools for planning and decision making.

Programme Outcomes

By the end of the Programme you will have a greater understanding of and have developed the following key attributes:

?Product Costing Systems

?Concepts and Design Issues

?Activity-Based Management

?Managing Customer Profitability

?Process Costing and Cost Allocation

Key Course Highlights

?Business and Financial Strategies

?Managing Financial Risk

?Cost Management Techniques

?Implementing strategic and financial Plans

?Delivering a Strategy based Business Plan

AN OVERVIEW OF THE “PROFIT (VALUE & COST) – CASH-RISK IMPACT” MODEL
Introduction – The Principles of Dynamic Cost & Budget
Management
Strategy costs and budgets
Profit, Cash & Risk
Cost and Value
SWOT, The Value Chain & 5 Forces

DEVELOP A SCORECARD THAT DELIVERS IMPROVED PERFORMANCE
Adding value without adding cost
Measuring performance – beyond just cost
Developing a Balanced Scorecard
Integration of performance measures into operational budgets and cost management

UTILISE NEW, ESTABLISHED TOOLS AND TECHNIQUES TO REDUCE COMPLEXITY AND VARIETY
Cost control and reduction:
Managing and controlling your costs
Educating your team to adapt these ideas in their work
Improving the “Cost Management and Control Culture” of your business
Cost behaviour and modelling
Cost Models for Management Decision Making
Activity Based Cost management (ABC)
“Lean” and Cost management
Managing and costing constraints
What holds back your organisation?
What do these constraints cost you?
How could they be overcome?

EMPOWER YOUR TEAM TO DELIVER MORE FOR LESS
Developing a cost conscious culture
VFM – Value For Money Cost – Outcome Impact Model
Economy
Effi ciency
Effectiveness
Capacity and Risk
“Quicker Faster Better Cheaper” – Motivating and encouraging people to effectively manage cost and va lue
Educating your team to identify cost saving opportunities
Pros and Cons of internal service level and internal markets agreements

ANALYSE THE BEHAVIOURAL ASPECTS OF BUILDING BETTER BUDGETS
Understanding the role of budgets, forecasts and plans
Behavioural aspects of budgets – how to counter bad behaviour
Building better budgets

TOOLS FOR FORECASTING AND BETTER BUDGETMANAGEMENT
Why budgets should be more dynamic
Definition of the principal budgeting factors – identifying and managing constraints
Zero Based Budgeting (ZBB) and Activity Based Budgeting (ABB)
Managing Budgets Better
Process of monitoring cost management
Forecasts and forecasting
Tools to help generating budgets and forecasts

EFFECTIVE MODELS AND TEMPLATES FOR BETTER BUDGETING
Identifying standard costs & variances
Evaluating variance analysis – developing an approach that works in your organisation
Delegating Budgets
Generating spreadsheets and other tools to build budgets
Developing Budget Templates and models for the team
“Beyond budgeting”

Budgets & Forecasts
CASH, WORKING CAPITAL AND CAPITAL BUDGETING
FOR IMPROVED INVESTMENT DECISIONS
Cash & Working Capital Budgeting and Management
Capital budgeting


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We provide training courses in finance, accounting, business, leadership, strategy and risk.

Our training and consultancy is aimed at both the corporate and personal finance level. We assist and help the finance manager, finance director, and other non-finance manager that needs help in understanding finance. We help with all areas of finance management, finance education, corporate finance, finance for business and all finance accounting and management issues.

->   http://www.finance4nonfinancemanagers.com/dynamic-budgeting-and-cost-management-strategies/


Tags: budgeting training, budgeting, budgetary, family budget, how to budget, budgets, budget

 
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