Budget Preparation, Allocation & Cost Control

Budget Preparation, Allocation & Cost Control training is essential for organizations and assists them in the decision making and planning process.

This seminar provides participants with crucial cost awareness and budgetary skills by combining techniques analysis, problems and examples of real case studies, which is essential in managing and controlling processes / projects in times of increasing global competition where the budgets are inextricably linked with both strategy formulation and cost analysis.

The effective management of budgeting and cost control is crucial for contemporary organizations. In a modern competitive world, companies want to stay competitive; they are urged to think in terms of process-value added to customers / shareholders. Along this line, budgeting, as well as tracking, controlling & reducing cost, represent essential activities that should be monitored efficiently by organizations as they implement their key processes, activities and operations.

In addressing these issues, this Finance & Budgeting training seminar is relevant for those professionals & analysts facing the difficult challenge of improving performance while reducing the costs of those processes for which they are accountable.

This ICL training course will feature:

• Identify the role of budgeting within the organization’s management system
• Develop a proper system of cost analysis for budgeting purposes 
• Master the budgeting and financial skills required for better decision-making
• Link strategy to operational plans
• Learn new best practices to manage organizational performance
• Integrate organizational drivers with strategic objectives
• The understanding of the interrelationship between financial and pre-financial drivers