Planning and management control are essential for contemporary organisations. This Essentials of Budgeting & Cost Control training course will include widely used tools and techniques for short-term planning, monitoring and sustaining performance – budgeting and budgetary control.

Budgeting and strategic management are both inextricably linked together. Realistic budgets depend on accurate cost analysis and forecasting. It is essential to understand how costs behave to be able to plan realistically and implement the use of appropriate financial and non-financial performance measures. Budgetary control best practice uses flexed budgets to calculate variances against actual performance and enable corrective actions. This The Essentials of Budgeting & Cost Control training course will enable you to use the traditional tools of budgeting and control as well as some new approaches, which reflect and respond to today’s complex business environment.

This The Essentials of Budgeting & Cost Control training course will feature:

• The links between strategic planning, budgeting and cost control
• The key features of budgeting
• Clarification of cost terms and concepts
• Traditional and innovative approaches to budgeting and cost control
• The impact of non-financial KPIs on planning, budgeting and cost control

By the end of This The Essentials of Budgeting & Cost Control training course, participants will be able to:

• Develop an integrated planning, budgeting and reporting process
• Actively participate in the budgeting process within the organisation
• Analyse cost behaviour and manage costs more effectively
• Master traditional and innovative approaches to budgeting and cost control
• Select appropriate and effective performance measurement systems and KPIs

This The Essentials of Budgeting & Cost Control training course is suitable for a wide range of professionals and will greatly benefit those with budget responsibilities at a team, departmental, divisional, or corporate level. This course is suitable for first appointment professionals on fast-track development programmes. It is also suitable for professionals from every business discipline involved in strategic planning, budgeting, cost analysis, and budgetary control including:

• Financial planners and controllers
• Financial managers and analysts
• Departmental and divisional managers
• Manufacturing, procurement, logistics, engineering, quality and HR managers
• Project managers

This The Essentials of Budgeting & Cost Control training course combines theory and practice. Presentations, discussions and exercises will be complemented with the use of case studies to illustrate how appropriate tools and techniques may be applied in a real-life context. The use of proven learning techniques ensures maximum clarity, comprehension and retention of the information presented.