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  3. Budget Analysis and Forecasting Training

Budget Analysis and Forecasting Training

     | 
  • 24 hours intensive classroom training
  • Learn best practices in budget analysis and forecasting
  • Case Studies
  • Exercises to practice techniques and strategies discussed in workshop
  • Downloadable e-book
  • Participation certificate on completion of workshop
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instructor LED training in Chesapeake, VA ( Change City)

Budget Analysis and Forecasting Training
Rated 4.5/5 based on 96 votes 972 reviews

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description

For a project to be successful, careful planning and budgeting is of critical importance. Even if a project is delivered on time and meets the end-user requirements, if it overshoots the budget then it is considered a failure- hence stringent analysis and smart forecasting are crucial for meticulous management of budgets.
 
Our three day training session teaches best practices in budgeting and forecasting, with case studies based on real case corporate scenarios. This hands-on intensive course targets professionals from financial as well as non-financial backgrounds, and helps them to grasp fundamental budgeting principles and forecasting methods, gain an understanding of budget processes, and improve their financial literacy. The course will equip candidates with a collection of tools and insights to enable them to fulfil their professional goals as well as the expectations of their companies and investors.
 
Get started on achieving excellence in financial planning, and drive your organization forward to achieve the required goals and targets!
 
 
Can you survive and thrive without a budget?
 
  • Budget: Background
  • Budget and business plan
  • Budget and forecast
  • Budget and the business strategy
  • Budgeting process
  • The planning cycle
  • Potential problems
 
How do you build a budget in a climate of uncertainty?
 
  • Developing budgets
    • From operational budgets to financial budgets
  • Process/steps
  • Types of budgets
    •  Fixed
    •  Flexed
    • Rolling
  • Methods of budgeting
    • Incremental
    • Zero based budgeting

 
Budget & Forecast - Key to optimization

  • Approaches to budgeting
    • Top down
    • Bottom up
    • Iterative
    • Activity orientated
    • Task orientated
    • Planning programming budgeting system
  • Behavioural aspects in budgeting
  • Forecasting versus budgeting
 
Master Budgets - from A to Z
 
  • Process flow of an organization
    • Gathering information
    • Anticipating and budgeting for revenues
    • Estimating expenditure
    • Understanding costs
  • Operational budgets
    • Sales
    • Production
    • Raw Materials
    • Labour
  • Financial budgets
    • Statement of financial performance
    • Statement of financial position
    • Statement of cash flows

Tools and exercises will be provided so that you can practice the techniques and strategies covered in the course.

 
From the course :
 
By the end of the course all participants will have the following:
  • A greater understanding of the impact of budgeting in achieving your organizational goals
  • An understanding of the different budgeting techniques, approaches and methodologies applicable to different industries and scenarios
  • An understanding of the importance of budgeting and forecasting in a climate of uncertainty
  • Knowledge of the significance of the behavioral aspects in budgeting and forecasting
  • An awareness of the techniques and methodologies for effective budgeting, and its impact on performance management

 

From the workshop :

  • 24 hours of classroom training
  • Handouts and the PowerPoint Presentation
  • Case Studies
  • On successful completion, participants will receive a participation certificate
On successful completion of the course, you will receive a Course Completion Certificate from KnowledgeHut with Credits (1 credit per hour of training).
Budgeting is essential for all functions of an organization and smart budgeting leads to optimum management. Professionals from different levels of the following departments can attend this workshop:
 
  • Accounts & Finance Department
  • Marketing department
  • Operations Department 
  • Business Analysts
  • Admin & Secretarial Professionals
  • IT Support & Services Department

and any others interested in improving their knowledge of Budgeting and Forecasting.

Why Knowledgehut?

  • 1 Our Financial Course Structures are designed under a tried and tested Global Blended Framework that is proven to be the most effective for learners. Our modules are designed such that the participants gain broader professional expertise and can enhance their career.
  • 2 100+ Courses: We provide cutting edge solutions through a variety of training formats (classroom, on-site, and online). Our customized coaching and consulting are spanned across multiple business units including Project Management, Quality Management, Agile Management, IT and IT Security, Big Data, Finance, Soft Skills and a lot more.
  • 3 70+ Countries: Our proven training methodology is available all around the globe. Our courses have met the satisfaction of individuals as well as corporates across frontiers that include US, APAC, Middle East, India and Europe. We take pride in our consistency in providing excellent services and facilities to our workshop participants in over 200 locations worldwide.
  • 4 30000+ Trainees: One of our major milestones is the fact that we have successfully trained more than 30,000 individuals worldwide till date, and have received a high rate of satisfaction with an average of 4.5 out of 5.0 feedback rating from our participants.
  • 5 500+ certified world-class instructors: Our large faculty of experienced trainers are outstanding performers who bring about a positive difference in our customers' career graphs.
  • 6 9+ Accreditations: Accredited by globally renowned names like Project Management Institute of USA, Scrum Alliance, APMG, EC Council, GARP, CompTIA, IIBA, AXELOS, (ISC)² and others.
  • 7 1500+ Organizations: We have satisfactorily met the requirements of over 1500 organizations, and they include some of the popular names such as HP, Wipro, Accenture, IBM, Coca- Cola, Boeing, TESCO, Dell, HSBC, and many others.

KNOWLEDGEHUT REVIEWS

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Hamed Seifoddini Software Development Manager at The Weather Network

"In simple words, got what I wanted. Would recommend the training/event to others"

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Ronak Shah UltraTech Cements

"KnowledgeHut; A good destination to learn FM using Excel"

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Vinay Srivastava Project Lead at Fiserv

"Very effective training"

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Amrita Sengupta Senior Manager-Delivery Management TDE at Tally Solutions Pvt Ltd

"The practicals were conducted in an innovative manner which was good for all."

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Srikanth Ranya Engineering Manager at Tesco HSC

"KnowledgeHut; Expectations Truly Delivered!"

FREQUENTLY ASKED QUESTIONS

Planning and budgeting are key components to ensure a project’s success. So, even if a project is delivered on time and meets the end-user requirements, it is considered too expensive if it exceeds the budget. Hence stringent analysis and smart forecasting are crucial for meticulous management of budgets. Planning and budgeting are key components to ensure a project’s success. So, even if a project is delivered on time and meets the end-user requirements, it is considered too expensive, if it exceeds the budget. Hence stringent analysis and smart forecasting are crucial for meticulous management of budgets.

The training program is ideal for professionals in the areas of: • Accounts & Finance Department • Marketing department • Operations Department • Business Analysts • Admin & Secretarial Professionals • IT Support & Services Department and any others interested in improving their knowledge of Budgeting and Forecasting.

The trainers are highly qualified and certified instructors with 20+ years of experience to deliver classroom training.

It is easy to enroll for classroom training online. There are several options to pay either through your debit/credit card that includes Visa Card, MasterCard; American Express or - via PayPal. Payment receipt will be issued to the candidate automatically by email.

The location is determined weeks ahead of the training schedule and you will be kept informed by email. You can also call our support staff or send us an email at support@knowledgehut.com. Besides, you can use our chat option for more information.

Any registration cancelled within 48 hours of the initial registration will be refunded in FULL. Please note that refunds will be processed within 30 days of receipt of written request for refund. Kindly go through our Refund Policy for more details: http://www.knowledgehut.com/refund

Yes, we offer a course completion certificate after you successfully complete the training program.

You are welcome to revise the choice of city, place and date for any classroom training, if required. However, if it is cross-country, then there will be a revision in the training fee.

Yes, we do offer group packages for the classroom training programs. Contact support@knowledgehut.com to know more about group concessions.

  • 5.00% for 4 people
  • 10.00% for 5-9 people
  • 15.00% for 10 and above people
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