Strategic Planning, Budgeting and Rolling Forecasts

Training Strategic Planning, Budgeting and Rolling Forecasts

COURSE OUTLINE

Strategic planning in organisations

• Strategic planning models & frameworks
• From strategic plan to business plan
• Strategic plans and financial plans
• Identifying strategic gaps and risks
• Communicating strategy across the organisation

Building financial plans

• The traditional budget process
• Integrating planning and budgeting
• Involving managers at an operational level in the budgeting process
• Communicating the budget process

Leading edge trends in budgeting

• Beyond budgeting
• Activity based budgeting
• Zero based budgeting
• Priority based budgeting
• Trending and benchmarking

Why change from traditional budgeting to a rolling forecast?

• Why do so many managers dislike the traditional budgeting system?
• Budgets versus forecasts
• Historical versus forecasted
• Identifying your reasons for changing to a rolling forecast
• Determining the benefits gained from rolling forecasts

Changing the way you set targets and measure performance

• Linking performance management and forecasts
• How does the budget fit within the overall context of business planning and performance management?
• Successfully integrating forecasting and budgeting as essential tools for measuring performance

Examining the factors that can improve your forecasting capabilities

• Standardising your inputs and forecast methods
• Limiting biases
• Measuring performance
• Adopting collaborative sales and operational planning

Examining forecasting methods

• High/low extrapolation
• Time series decomposition
• Regression
• Consensus forecasts
• Scenarios
• Trending
• Benchmarking

Matching rolling forecast time periods to your business cycle

• Rolling forecast time period vs level of detail for your business needs
• Determining the time spent on planning and budgeting
• Relating your rolling forecast to month end

Identifying and using business drivers in the rolling forecast

• Identifying drivers specific to your organisation and processes
• Linking rolling forecasts with the reality of past results
• Accommodating multiple business components

Designing and implementing rolling forecasts

• Incorporating the variables to establish accurate indicators and benchmarks
• Creating an adaptive performance measurement framework
• Measuring against benchmarks rather than budgets
• Linking activity based budgeting (ABB) in a rolling forecast process
• Software solutions supporting rolling forecasts

Critical success factors: Managing and controlling the implementation

• The key building blocks for an effective rolling forecast process
• Obtaining early management buy-in and stakeholder acceptance of the need for change
• Developing the business case for change, identifying costs and estimated benefits
• Techniques for avoiding the pitfalls associated with implementation

Linking rolling forecasts with your strategic planning

• Using a rolling forecast as a management tool
• Integrating forecasts into the strategy review
• Strategy, plans and performance indicators
• Linking rolling forecasts to your financial reporting
• Fast tracking month end close
• Changing from reporting actuals to budget and replacing this with actuals to forecast
• Complementing your financial reporting with KPI reporting

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Kami memberikan alternatif Fasilitas atas Investasi anda dalam Program ini, diantaranya :

1. Sertifikat, Peralatan Training, USB, Souvenir, Lunch, Coffe Break, City Tour
2. Running minimal 2 Orang (Semarang, Jogja, Solo), Running minimal 3 Orang (Bandung, Jakarta), Running 4 Orang diperuntukan untuk daerah (Bali, Lombok, Manado, Balikpapan)
3. Kami menyediakan transportasi antar Jemput dari Stasiun/Bandara ke Tempat Pelatihan(Hotel) bagi perusahaan yang Running minim 2 Orang
4. Harga dilampirkan di Brosur Penawaran

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Customer Dapat Request Tempat, Waktu, serta Fasilitas Training. Silahkan Hubungi kami untuk Menerima Brosur Penawaran.