Training for the Future

Strategic Planning, Management Control and Effective Budgeting

Course Code: SPMCEB

Dates: 30 Oct 3 Nov | 13 - 16 Nov | 27 Nov 1 Dec


Duration: 1 Week /s

Duration: 1 weeks

Course Overview
Developing Strategies, Risk Analysis, Negotiating, Budgeting and Cost Control are the essential skills for those who are dedicated to maximizing their performance and value-added contribution - and that of the people who work for them. As the business environment becomes ever more uncertain and turbulent, the requirement for professional leadership and management throughout organizations is at a premium. Hence, these skills learned in this 10 day course provide a structured and coherent framework for addressing the challenges which professionals face in respect of both their day-to-day and longer-term responsibilities.

This course will feature:
  • Identifying Effective and Proven Strategies

  • Managing Strategic and Financial Risks

  • Win-Win Negotiating Skills & Strategies

  • Financial Analysis

  • Budgeting and Cost Control

  • Course objectives
  • Develop an appreciation & understanding of each of the elements of the course.

  • Understand how skills interact creating a systemic approach to mastering the essential tasks of any leader.

  • Develop the skills and applications needed to master and integrate each individual element

  • Utilize the elements in achieving individual, team and high organizational results

  • Identify priorities for continued professional development

  • Course contents
    Strategy, Risks, Negotiation & Leadership

  • Introduction to strategy - background, historical developments, major theories

  • Strategic Management a practical approach for every leader

  • A consistent methodology for strategy development

  • The relationships between vision, mission and strategy

  • The steps involved in developing a strategy

  • Strategic Analysis
    Strategic Choices
    Strategic Implementation
    Evaluation and Control
    Strategic Risk

  • The meaning and nature of risk

  • Identifying the risks in a given strategy

  • Prioritizing risks

  • Contingency planning

  • Risk mitigation strategies

  • Leadership
  • The strategic role and nature of effective leadership

  • Charisma and how to earn it and use it effectively

  • The role of the modern leader and how leadership has changed

  • Innovative Leadership skills

  • Maximizing the performance of each team member

  • Motivating the 'average' employee

  • Effective Budgeting & Operational Cost Control
    Introduction: Building a Common Financial Language

  • The key role of budgeting and cost control in contemporary organizations

  • The 21st century business imperative: delivering value added (but to whom?)

  • Financial vs. Managerial accounting (for decision making)

  • Understand your processes: integrating financial and non-financial aspects

  • The Budgeting Process
  • The key features of budgeting

  • Advantages and concerns with budgeting

  • Accountability and centers of responsibility

  • Zero-based budgeting

  • Budgeting and cost control

  • Examples & Discussion

  • Cost Analysis
  • Different costs for different purposes

  • Fixed vs. Variable costs

  • The Cost-Volume-Profit analysis model

  • Contribution Margin analysis

  • Traditional vs. Advanced Techniques in Cost-Control
  • Under-costing and over-costing: the consequences for profitability

  • Indirect (OH) vs. Direct costs:

  • Traditional Cost Allocations systems vs. Activity-Based Costing (ABC)

  • Linking resources, activities and management

  • Variance analysis

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