Feb.4-7,2020 -Abuja
August. 3-6,2020.  Lagos.


Many organisations use budgeting and forecasting as a means of providing and updating tactical operating plans and controlling costs,but world class organisations use these, and other powerful tools, within a framework specifically designed to develop and execute business strategy and manage organisational performance.

This leading-edge seminar explains:

  • The key steps in designing and executing effective business strategies
  • How to translate strategy in to budget objectives to manage execution
  • The most useful forecasting techniques for planning and budgeting
  • Best practice in preparing and implementing budgets
  • How to use budget variances to monitor and learn about strategy execution
  • How the power of Excel can be used in forecasting and budgeting
  • Modern approaches to profit and strategic decision making

 Course Objectives

The objectives of the seminar are to enable delegates to:

  • Develop strategic thinking, understand and participate in the strategic management process; help develop their company’s vision and carry out strategic analysis and strategic decision making
  • Understand and use strategy maps to convert strategy in to objectives as the basis for preparing and implementing operating budgets
  • Understand and use powerful tools for executing and managing strategy including: balanced scorecard, budgets, variance analysis and rolling forecasts
  • Develop and use powerful ‘what-if’, and other, forecasts using Excel
  • Use advanced costing methods to understand cost behaviour and provide product and customer profit analysis for strategic decision making
  • Understand the key principles of financial strategy; determine cost of capital, optimum funding and capital structure; use discounted cash flow (DCF) tools for investment decisions; understand, manage and forecast the key drivers of organisational cash flow

 Training Methodology

 The seminar is in a highly participative workshop format with formal presentations, case studies and interactive worked examples. Relevant examples and case studies are provided to illustrate the application of each of the topics covered, including participative exercises using Excel. Each learning point is reinforced with appropriate practical examples and exercises.

Organisational Impact

  The organisation will gain through:

  • Managers using strategic thinking in planning, budgeting and forecasting
  • Adopting a strategic forward looking approach in the Finance function
  • Knowledge and application of ‘what-if’ forecasts in strategic decision making
  • Improved strategic decision-making skills used by delegates
  • High quality input and output from organisational budget system
  • Greater insight in to drivers of organisational performance
  • More effective and productive internal management meetings

 Personal Impact

Delegates will learn to take a strategic approach to budgeting and decision-making. The seminar is particularly valuable for finance professionals who would like to move ‘out of the back-room and in to the front line of high level strategic decision-making.

Delegates will learn to understand and use these powerful modern strategic management and budgeting tools:

  • Strategic analysis tools: Porter’s five forces; PESTLE; SWOT; risk analysis
  • Strategic themes and strategy maps
  • Financial analysis tools: return on investment; profit margin; asset utilisation
  • Balanced scorecard
  • Activity based costing (ABC) and budgeting (ABB) methods
  • Rolling forecasts and ‘what-if’ forecasts
  • Discounted cash flow tools for capital investment decisions •Strategic and performance management systems
  • Advanced Excel forecasting skills

 Who Should Attend?

 Planning, forecasting and budgeting skills are valuable and, indeed, essential at many relevant positions in an organisation, in particular:

  • Financial professionals, finance controllers, key finance team members
  • New trainees with finance-related responsibilities
  • Managers with a direct responsibility for divisional profit performance
  • Managers responsible for relationships with banks and external institutions
  • Head office team involved in strategic planning and decision making
  • Department heads, process owners, administrative managers involved with budget management, financial and technical professionals, sales and marketing professionals, project professionals, and anyone who needs to understand how to develop their department budgets.

Download the course brochure here: