Budgeting For Performance Management

by London Training for Excellence

This intensive course will provide participants with a deep understanding of how budgeting can be a powerful performance management tool. The course will delve into budget preparation, implementation, monitoring, control, and evaluation processes.

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img Duration

5 Days

Course Details

This intensive course will provide participants with a deep understanding of how budgeting can be a powerful performance management tool. The course will delve into budget preparation, implementation, monitoring, control, and evaluation processes that can aid in performance management.

It will equip participants with the skills and knowledge required to align budgets with strategic objectives and use them as a tool for decision-making, planning, coordination, and performance evaluation.

 

Objective:

  • Understand the integral role of budgeting in performance management.
  • Develop a budget aligned with strategic objectives.
  • Implement effective budget monitoring and control techniques.
  • Use budgets as a tool for performance evaluation and improvement.
  • Understand the challenges and potential solutions in budgeting for performance management.

 

Course Outline:

  • Day 1 - Introduction to Budgeting and Performance Management
  • The role of budgeting in an organisation
  • Overview of Performance Management
  • Linking budgeting and performance management
  • Key challenges in budgeting for performance management
  • Day 2 - Budget Preparation for Performance Management
  • Identifying strategic objectives
  • Aligning budget with strategic objectives
  • Preparing a budget that supports performance goals.
  • Day 3 - Budget Implementation and Monitoring
  • Effective budget implementation techniques
  • Monitoring budget performance: Key metrics and indicators
  • Using budgets for coordination and communication
  • Day 4 - Budget Evaluation and Control
  • Techniques for budget control
  • Evaluating budget performance
  • Using budget variance analysis for performance management
  • Day 5 - Overcoming Challenges and Improving Performance
  • Common challenges in budgeting for performance management
  • Overcoming budgeting challenges
  • Case studies: Effective budgeting for performance management
  • Future trends in budgeting for performance management
  • London Branch

    (Laykas Group Ltd) 198-206 Acton Lane, Unit C, London

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