A Highly Interactive Training Course On
Adapting the Corporate Budget in the Wake of Unknowns
Strategic Planning and Managing
Performance for Organisational Success
Upcoming Sessions
Course Introduction
The effective management of budgeting and cost control is critical for modern organizations. To remain competitive, companies must now focus on adding value to customers and shareholders through their processes. In the wake of COVID-19, businesses may need to adjust their budgets to regain financial stability.
The pandemic led to widespread business interruptions and reduced cash flow globally. As we transition back to normal operations post-COVID-19, it's crucial for businesses to revise their budgets to accommodate the uncertainties of this new phase.
This Adapting the Corporate Budget in the Wake of Unknowns training course is designed to help you navigate the challenges of the post-COVID-19 era by reevaluating traditional budgeting practices and facilitating easier long-term planning.
Key features of this training course include:
- Enhancing budgeting and financial acumen for better decision-making in uncertain times
- Identifying reliable sources of financial and operational data to support budgeting processes
- Exploring both traditional and innovative budgeting and cost control tools to address COVID-19-related uncertainties
- Understanding the interplay between financial and non-financial information in a post-COVID-19 environment
Training Objectives
By the end of this COPEX training course, participants will be able to:
- Identify the key successful driver indicators in the wake of COVD-19
- Successfully build integrated planning, budgeting and reporting process
- Explain and use activity based budgeting and other budgeting methods
- Develop and effectively control budgets
- Provide budgeting knowledge that can be shared for the benefit of your company
- Understand capital budgeting
- Identify & manage key financial indicators for the business
- Think proactively beyond budgeting
Training Methodology
This COPEX training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension, and retention of the information presented. This will be conducted along workshop principles with formal lectures, case studies and interactive worked examples. Relevant case studies will be provided to illustrate the application of each tool in an operations environment. Each learning point will be reinforced with practical exercises. Difficult mathematical concepts are minimised and handled in a visual way that is easy to understand with examples demonstrated.
Who should Attend?
This COPEX training course is suitable to a wide range of professionals but will greatly benefit those with direct or indirect budget responsibilities within a Team, Department or Division. who have to run budgetary plans, and who are responsible for cost and strategic analysis, including:
- Financial Planning and Control Staff
- Those with direct or indirect financial responsibilities
- The Staff Person who will be responsible for entering data into the budget system or training others how to enter information
- Those who want to gain control of the firm's financial standing and obtain a firm grasp on the numbers side of their job
- Those from all sectors of industry, irrespective of functional responsibilities, but particularly those involved in manufacturing, production, engineering or sales
- Those working in a project management environment
Course Outline
- Budgeting and the Management System of Contemporary Organizations
- Why Strategy comes before the Budget
- The Strategic Planning Process
- Financial vs. Managerial accounting (for Decision Making)
- Strategic Planning, Budgeting and Management Control Measuring and Managing the Performance – KPIs and targets
- Understand your processes: Integrating financial and non-financial aspects
- What is a Budget?
- The Benefits of Budgets
- The Shortcomings of the Budgeting Process - How to improve them?
- The economic implications of COVID-19
- Understand the new figures within COVID-19 Context
- Budget Methods – incremental, zero-based, rolling budgets and Activity Based Budgeting
- In the Wake of COVID-19 – Moving to bottom-up budget and Adopt flexible budget – rolling budget
- Preparing Departmental Budgets from Forecasts
- Re-understand The Cost Figures in the Wake of COVID-19
- Budget Cost, Volume, Profit (CVP) and Break-Even Analysis
- Managing Fixed and Variable Costs
- Sensitivity & What-If Analysis
- Budgetary Control
- Variance Analysis
- Capital Budgeting Principles
- Raising Finance
- Weighted Average Cost of Capital (WACC)
- Methods of Evaluating Capital Investment Projects
- Comparing Different Projects and Their Returns
- Redefine the corporate objectives and targets- short-term focus
- Shortcomings of Traditional approaches to Budgeting and Measurement
- Adopt a flexible performance evaluation method
- The Balanced Scorecard
- Financial & Customer Perspective
- Internal Business Process Perspective
- Learning and Growth Perspective
- Developing and Adapting the Scorecard
- Reconsider the corporate Key Performance Indicators (KPIs)
- Re-evaluate the emergency fund options
Providers and Associations
Certificates
- COPEX Certificate of Attendance will be provided to delegates who attend and complete the course
Material published by Copex shown here is copyrighted. All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.
COPEX Training is your gateway to professional growth, with over 20 years of experience turning potential into success. Each year, we deliver over 1,000 courses in 50+ countries, earning a stellar 98% satisfaction rate. Trusted by global giants like BP, the United Nations, and HSBC, we partner with top certification bodies to provide career-focused training that empowers individuals and drives organizational breakthroughs. Our mission? To transform the way professionals learn and grow in today’s fast-changing industries. Through expert insights, cutting-edge methods, and hands-on approaches, we equip you with the skills and confidence to tackle challenges, seize opportunities, and thrive in your career.
Led by a passionate leadership team and supported by a network of world-class trainers, COPEX Training connects professionals worldwide with life-changing opportunities. We are committed to excellence, ensuring every participant leaves with the tools, expertise, and confidence to conquer an ever-evolving world.
Frequently Asked Questions
This FAQ section provides quick answers to the most common questions about our services, procedures, and policies. We aim to make your experience with us as straightforward as possible. For further assistance, our support team is ready to help.
COPEX stands for “The Centre for Operations & Procurement Excellence”. Our courses are designed to develop and enhance the skills and knowledge of professionals across various sectors.
Enhanced Skills: Develop in-demand skills and knowledge in your chosen field.
Career Advancement: Improve your career prospects and increase your earning potential.
Increased Confidence: Gain confidence in your abilities and enhance your professional presence.
Networking Opportunities: Connect with other professionals and industry experts.
Improved Job Performance: Enhance your productivity, efficiency, and job satisfaction.
Personal Growth: Develop valuable personal and professional skills that can benefit you in all areas of life.
Experienced Instructors: Courses are delivered by highly qualified and experienced instructors with industry expertise.
Interactive Learning: Engaging and interactive learning methods, including workshops, simulations, case studies, and group discussions.
Practical Application: Focus on practical skills and real-world applications, enabling you to apply your learning immediately.
Flexible Learning Options: A variety of course formats available, including classroom training, online courses, and blended learning.
Certification & Recognition: Upon successful completion, you may receive industry-recognized certifications.
The cost of COPEX training courses varies depending on the course duration, content, and delivery method.
There are several ways to register in our public training courses:
Online – Browse the Training Plan, select the course of choice, click on the button
“Register Now” inside the course outline page.
E-mail – Send the details (name, company name, email address and training course of
choice) of your nomination to reg@copextraining.com
Telephone – +971 4 368 6886 or +971 50 106 2750
Upon successful registration, processing window will take not more than 24 hours from the time of registration. An email including the registration confirmation, invoice and joining instructions will be sent to the provided email address.
Published training course fees are inclusive of the training venue, training manual, writing materials, lunch and coffee breaks with refreshments over the entire duration of the training course.
The training course fee can be settled by either:
- Bank transfer
- Credit Card
Our training courses will run for 5 hours per day. The standard daily timing is from 8:30 am – 3:30 pm including the coffee/tea breaks and lunch.
Our training courses courses are being held at five-star hotels in prime and iconic destinations across the globe. Cities such as Amsterdam, Barcelona, Dubai, Geneva, Istanbul, Kuala Lumpur, London, Houston, New York, Paris, Vienna, Zurich, etc.
Once officially registered, we can assist by providing the corporate rates provided by the hotel where the training course will be conducted. Early confirmation will enable us to secure the room at reduced rates
Our cancellation policy varies depending on the circumstances presented. Generally, cancellations must be initiated in formal writing at least 14 days prior to the commencement date of the training course. Further, the option to shift an existing registration to another training course on a later date is possible. Otherwise, a full refund will be initiated.
Delegates who will attend and successfully complete the training course will earn a COPEX Certificate of Completion. This certification is designed to validate the successful knowledge transfer, and that the desired learning objectives and outcomes to further advance your professional competency are achieved.
We can customize this
training course for you!
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