Effective Budgeting and Operational Cost Control
Introduction
Now, more than ever, organisations need to ensure they are financially sustainable. An excellent budgeting process is a crucial tool to achieve this.
This course takes delegates through the whole budgeting process, from strategic planning, through target-setting and budget negotiation, to budget monitoring and variance analysis. We examine how key performance indicators can be used to tighten up behaviour within the organisation. In particular, we explore best techniques for the control of operational costs, and the achievement of radical cost savings where necessary.
Who should attend
This course is designed for Managers, Supervisors and Team Leaders, who need to be effective performers in their organization’s budgeting and operational cost control process. It is beneficial to those who have recently been given a new budget responsibility, or have recently been tasked to control costs within their organisation. No previous financial knowledge is required.
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Course ProfileGrounding your budget in your strategy
Constructing budgets
Communicating your budget effectively
Effective target setting, measurement and monitoring
Achieving operational cost savings
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Upcoming Courses
Accounting and Financial Control
The Training Course:
Accounting and Financial Management ProgramsFinance for Non-Finance Professionals
The Training Course:
Accounting and Financial Management ProgramsAdvanced Financial Analysis