Strategic Planning, Management Control and Effective Budgeting

Course Information

  • the date

17/03/2025

  • Duration

10 days

  • The city

Singapore

  • Cost
  • Type

in-house

Course details

As the business environment becomes ever more uncertain and turbulent, the requirement for professional leadership and effective management control throughout organizations is at a premium.

Strategic Planning, Management Control & Effective Budgeting is for those who are dedicated to maximizing the performance of their organizations and their value-added contribution (and that of the people who work for them).

The course elements provide a structured, coherent, and comprehensive framework for addressing the challenges professionals face regarding their day-to-day and longer-term responsibilities.

This course will provide professionals with a comprehensive range of skills essential to effectively leading both people and projects/processes in times of increasing global competition and where budgets are inextricably linked with strategy formulation, people leadership, and cost analysis.

في نهاية دورة التخطيط الاستراتيجي والرقابة الإدارية والميزانية الفعّالة، سيتمكن المشاركون من:

تطوير التقدير والفهم لكل عنصر من عناصر الدورة.

فهم كيفية تفاعل المهارات، مما يخلق نهجًا منهجيًا لإتقان المهام الأساسية لأي قائد.

تطوير المهارات والتطبيقات اللازمة لإتقان ودمج كل عنصر

استخدام العناصر في تحقيق نتائج فردية وجماعية وتنظيمية عالية

تحديد الأولويات للتطوير المهني المستمر.

هذه الدورة التدريبية مناسبة لمجموعة واسعة من المهنيين، ولكنها ستفيد بشكل كبير:

المديرين الحاليين والمحتملين وقادة الأعمال على جميع المستويات
المسؤولين عن تطوير وقيادة التغييرات الاستراتيجية
مديري المشتريات وخدمة العملاء المسؤولين عن استراتيجيات التفاوض
قادة الفرق الوظيفية في القطاع العام أو الخاص
أعضاء الموظفين المسؤولين عن الميزانية والضوابط المالية
المديرين غير الماليين الذين لديهم مسؤوليات مالية

Course outline

Module 1: Strategy, Risks, Negotiation & Leadership

Strategy

  • Introduction to strategy - background, historical developments, major theories
  • Strategic Management – a practical approach for every leader
  • A consistent methodology for strategy development
  • The relationships between vision, mission and strategy
  • The steps involved in developing a strategy

Risks

  • The meaning and nature of risk
  • Identifying the risks in a given strategy
  • Prioritizing risks
  • Contingency planning
  • Risk mitigation strategies

Negotiation

  • The everyday role and attitude of ‘Win-Win’ negotiating
  • Power - gaining a superior position
  • Strategy and Tactics in negotiating
  • Understanding your opponent's negotiating style and tactics
  • Negotiating Countermeasures

Leadership

  • The strategic role and nature of effective leadership
  • Charisma and how to earn it and use it effectively
  • The role of the modern leader and how leadership has changed
  • Innovative Leadership skills
  • Maximizing the performance of each team member
  • Motivating the 'average' employee

Strategic Leadership Workshop

  • Intrapersonal style and skills
  • Interpersonal and leadership communication skills
  • Leadership and The Challenge of Change
  • Strategic leadership for team development
  • Developing a personal action plan for further self-development

Module 2: Effective Budgeting & Operational Cost Control

Introduction: Building a Common Financial Language

  • The critical role of budgeting and cost control in contemporary organizations
  • The 21st century business imperative: Delivering value added (but to whom?)
  • Financial vs. Managerial accounting (for decision making)
  • Understand your processes: Integrating financial and non-financial aspects
  • The budget-setting process
  • Examples and Discussion

The budget-setting process

  • The key features of budgeting
  • Advantages and concerns with budgeting
  • Accountability and centers of responsibility
  • Zero-based budgeting
  • Budgeting and cost control
  • Examples & Discussion

Cost Analysis

  • Different costs for different purposes
  • Fixed vs. Variable costs
  • The Cost-Volume-Profit analysis model
  • Contribution Margin analysis
  • Examples and Discussion

Traditional vs. Advanced Techniques in Cost-Control

  • Under-costing and over-costing: The consequences for profitability
  • Indirect (OH) vs Direct costs:
  • Traditional Cost Allocations systems vs. Activity-Based Costing (ABC)
  • Linking resources, activities and management
  • Variance analysis
  • Video, Case Study and Examples

Beyond the Budgets: Balanced scorecards and Six-sigma

  • Broadening performance measurement systems
  • Beyond budgeting: Integrating financial and non-financial issues
  • Introducing the Balanced Scorecard
  • Introducing the Strategy maps
  • Introducing Six-sigma
  • Video, Case Study and examples

For inquiries and booking