Start Date: 27 Oct, 2024
End Date : 31 Oct, 2024
Duration : 5 Days
Overall Description:
This course start with strategic planning to determine what direction the firm should take. Then you will develop a workable forecast based on your assumptions; move onto results-focused budgeting analysis from this forecast; then use the “what-if” tools based in Excel© to “test” your budget, and finally develop reports of the results for accountability.
Course Objectives:
- Understand what is included in a solid strategic plan
- How to develop supportable assumptions
- Create realistic forecasts from solid assumptions
- Use the forecasting tools build into Excel©
- How the forecasting process leads to better budgeting
- How to run “what-if” scenarios to make better decisions
- Link responsibility, authority & accountability using reporting
- Develop needed reports that tell you what you need to know in a timely manner
- How to use these reports to match strategic goals to actual performance
- You will walk away with comprehensive planning to implementation tool
Course Outline (Content):
Introduction
- What is strategic planning
- Limitations of strategic planning
- Specific problems associated with strategic planning
- Assessment tools including SWOT, Porter’s 5-forces, GE & BCG models
- Developing the plan & strategic objectives
Mapping your Strategy
- Strategic Planning Process Flowchart
- Competitive Analysis
- SWOT Analysis
- Strategic Goals
- Why we have to plan before we forecast
Introduction to Forecasting
- What is forecasting?
- Strategic role of forecasting
- The forecasting process
- Forecasting demand
- Sales forecasting using various methods in Excel©
For full outline details please view the PDF file.
Who Should Attend?
- Financial executives
- Financial Professionals, Finance Controllers & Treasurers
- Operating and Inventory Professionals
- Any Professional, at a medium and senior level, who is a part of the decision-making team
Course Methodology:
We utilize a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This training course will be conducted as a highly interactive workshop session. A variety of training methodologies will be used Before and during the course whenever applicable. Some of these methods are gamification, online pre-post test, role plays, self-assessment instruments, group exercises & case studies.
