Oil & Gas Budgeting And Forecasting Modelling

by Equip Global Claim Listing

To stay on top, companies must constantly re-examine the budgeting and forecasting models they use in their decision making processes to ensure they are up-to date and incorporate the latest in budgeting and forecasting best practices.

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img Duration

3 Days

Course Details

To stay on top, companies must constantly re-examine the budgeting and forecasting models they use in their decision making processes to ensure they are up-to date and incorporate the latest in budgeting and forecasting best practices.

Is there an opportunity to expand take advantage of a weaker competitor? Where can costs be optimised? How does a drop of 10% in oil price affects your profit? To support all these decisions, sound budgeting and forecasting is essential.

This 3-day course provides participants with an understanding of both the principles of budgeting and forecasting and the practical application of these to real-world situations through the use of Excel. It then builds upon the principles and practices learned to apply these to build sophisticated budgets and forecasts that are robust, flexible and user-friendly.

 

Outcomes:

  • Ways to improve efficiencies in the budgeting and forecasting processes by gaining valuable skills in advanced Excel functions
  • How to allow for uncertainty and model different business scenarios?
  • How to apply a sound methodology that will allow complex Budget and Forecast models that are flexible, robust and user-friendly?
  • Advanced ways of analyzing data to determine trends and using these to forecast future performance
  • Utilize external data to enhance the accuracy of forecasts
  • Alternate budget methodologies and how to determine which methodology applies best in different situations
  • Ways to use the advanced features of Excel to optimize models and achieve maximum efficiency within constraints

 

Key Learning Outcomes:

  • Discover a range of techniques to improve the usability and reliability of your budget and forecast models.
  • Learn how to integrate budgeting and forecasting and align these processes with your business strategy.
  • Create forecasts that properly incorporate imprecise data and allow for uncertainties.
  • Gain the confidence that comes from knowing that your budgets and forecasts are robust, accurate, and reliable
  • Central Branch

    16-02 North Bridge Rd, Central

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