Financial planning and budgeting for strategic managers in

Introduction:

This 5-day training course is designed for Directors of Strategy who want to acquire the skills necessary to effectively plan and manage the financial resources of their organizations. The course covers the principles and practices of financial planning, budgeting, and performance management, as well as the use of financial metrics and tools to support decision-making and achieve strategic goals.

Outputs:

Upon completion of this training course, participants will be able to:
- Develop financial plans and budgets that align with organizational goals and strategies
- Use financial metrics and tools to monitor and evaluate performance and make informed decisions
- Foster a culture of financial accountability and transparency within the organization
- Communicate financial information effectively to stakeholders, including boards, management teams, and investors
- Navigate complex financial and economic environments to support organizational growth and success

Objectives:

- To provide an overview of the principles and practices of financial planning, budgeting, and performance management
- To equip participants with the knowledge and skills to develop, implement, and monitor financial plans and budgets
- To introduce participants to financial metrics and tools that can be used to support decision-making and drive performance
- To facilitate the sharing of best practices, challenges, and solutions in financial planning and budgeting
- To provide a platform for participants to network with peers and build a community of practice.

Who Should Attend:

This training course is designed for Directors of Strategy who are responsible for financial planning and budgeting within their organizations, as well as senior managers and executives who are involved in financial decision-making and performance management.

Outline:

Day 1: Principles and Practices of Financial Planning and Budgeting

- Introduction to the course and participants
- Overview of the principles and practices of financial planning and budgeting
- Discussion of the role of financial planning and budgeting in organizational strategy and performance
- Overview of financial planning and budgeting methodologies, including top-down and bottom-up approaches
- Overview of financial statements and key financial metrics, including balance sheets, income statements, and cash flow statements
- Case studies and interactive exercises to reinforce learning.

Day 2: Developing Financial Plans and Budgets

- Overview of the financial planning and budgeting process
- Discussion of the various types of financial plans and budgets, including annual operating budgets, capital budgets, and strategic plans
- Hands-on exercises to develop financial plans and budgets for different scenarios
- Discussion of best practices for developing financial plans and budgets that are aligned with organizational goals and strategies
- Interactive session on developing financial forecasts and scenarios.

Day 3: Performance Management and Financial Metrics 1

- Overview of performance management and its relationship to financial planning and budgeting
- Discussion of key financial metrics and tools for performance management, including return on investment (ROI), net present value (NPV), and internal rate of return (IRR)

Day 4: Performance Management and Financial Metrics
2

- Hands-on exercises to apply financial metrics and tools to real-world scenarios
- Discussion of best practices for monitoring and evaluating performance, and making informed decisions based on performance data
- Interactive session on developing performance dashboards and reports.

Day 5: Financial Communication and Stakeholder Management

- Overview of the importance of financial communication and stakeholder management in financial planning and budgeting
- Discussions.

Throughout the course, participants will have the opportunity to work on practical exercises and case studies to apply the concepts and skills they have learned. The course will also include interactive discussions and opportunities for participants to share their experiences and insights.