The global economic difficulties of the last two years and more have served to illustrate the crucial importance of having Budget, Forecasting, and Cost Management processes that genuinely support management decision making. Budgeting has, traditionally, been one of the most widely used of management disciplines – and yet also one of the most criticized.
The need for companies to make their budget preparation process simpler and more efficient is a challenging task and widespread concern in business circles. With growing changes in market conditions and pressures, having solid planning, budgeting & forecasting processes and also proactively managing costs can allow many organizations to more effectively set goals, develop plans, monitor performance and forecast anticipate changes.
Salvo Global’s Advanced Budgeting, Forecasting, and Cost Management masterclass is aimed at helping participants to develop and sustain ‘value add’ Budgeting, Forecasting, and Cost Management disciplines that are relevant to the difficult business climate and adaptable to rapidly changing circumstances. This course explores a range of newer budgetary & financing techniques including rolling forecasts framework and beyond budgeting and will also demonstrate a thorough knowledge of performance management- its analysis & control, aligning budgeting, and strategic planning processes. This course will be an intensive and highly participative program with a combination of case study discussions and a number of syndicate exercises.