Strategic budgeting and forecasting for financial executives in

As a Finance Executive Director, you play a crucial role in creating a strategic financial plan that supports your organizations goals and objectives. Strategic budgeting and forecasting are essential tools for achieving this. This training course aims to equip you with the skills, knowledge, and strategies required to create a strategic budget and forecast for your organization.

Objectives

By the end of this training course, you will be able to:

Understand the key principles of strategic budgeting and forecasting
Develop a strategic financial plan that supports your organizations goals and objectives
Identify financial risks and opportunities and develop mitigation strategies
Communicate the budget and forecast to stakeholders effectively
Monitor and adjust the budget and forecast as necessary

Who Should Attend this Course

This training course is designed for Finance Executive Directors, Finance Managers, and other senior finance professionals who want to enhance their strategic budgeting and forecasting skills.

Course Outline for 5 Days

Day 1: Introduction to Strategic Budgeting and Forecasting

Key principles of strategic budgeting and forecasting
Best practices for strategic budgeting and forecasting
Developing a strategic financial plan that supports the organizations goals and objectives
Identifying and managing financial risks and opportunities
Day 2: Developing a Strategic Budget

Best practices for developing a strategic budget
Evaluating the organizations financial performance and future prospects
Developing a budget that aligns with the organizations goals and objectives
Developing key performance indicators (KPIs) for budget performance
Day 3: Developing a Strategic Forecast

Best practices for developing a strategic forecast
Evaluating market trends and macroeconomic factors
Developing a forecast that aligns with the organizations goals and objectives
Developing scenario analysis for financial decision-making
Day 4: Communicating the Budget and Forecast

Communicating the budget and forecast to stakeholders effectively
Developing effective presentations for the budget and forecast
Managing stakeholder expectations
Developing strategies for addressing stakeholder concerns
Day 5: Monitoring and Adjusting the Budget and Forecast

Monitoring and adjusting the budget and forecast as necessary
Best practices for budget and forecast variance analysis
Identifying opportunities for cost savings and revenue growth
Developing a budget and forecast review process

Outputs

By the end of this training course, you will have:

Developed a strategic financial plan that supports the organizations goals and objectives
Developed a strategic budget that aligns with the organizations goals and objectives
Developed a strategic forecast that aligns with the organizations goals and objectives
Communicated the budget and forecast to stakeholders effectively
Developed a budget and forecast review process to monitor and adjust the budget and forecast as necessary
Overall, this course will equip you with the skills and knowledge required to create a strategic budget and forecast for your organization, enabling you to make informed and strategic financial decisions.

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.