Strategic Planning, Effective Budgeting & Cost Control

This course will highlight new thoughts in Strengthening Expenditure Planning and Execution, Development of annual BFP and linking it to the budget. Setting out the ceilings and spending priorities for the coming three years, Policy analysis as input into a strengthened Budget Strategy Paper (BSP) and Fiscal management - budgeting cycle, resulting in a renewed energy in returning to the workplace and implementing a more focused budgeting process, which communicates useful and timely information to management.

Overview of Strategic Planning:
Often the role of the Finance Department is not only in pulling together the numbers. Sometimes a strategic plan lacks concrete number support. Both of these scenarios overlook how a budget/forecast can integrate with strategic planning.

Budgets are often criticised by end users for constraining them. We look at how to make the budget and the budgeting process useful for the economy.