Strategic Planning Business Planning and Budgeting for Organisational Effectiveness

Business and Management Skills

Human Resource & Organisational Development Consultancy (HRODC) Postgraduate Training Institute
Course Programme for Strategic Planning, Business Planning and Budgeting for Organisational Effectiveness
Leading to Diploma-Postgraduate in Strategic Planning, Business Planning and Budgeting in Organisations
Course Objectives
Part 1: Key Issues in Planning
By the conclusion of the specified learning and development activities, delegates will be able to:
Demonstrate an exceptional ability in planning.
Define planning
Prepare a plan incorporating all the necessary requirements.
Explain the concept of informal plan.
Know the different purposes of planning.
Classify plan.
Identify the various contingency factors in planning to prepare their organisation for any unforeseen or unexpected circumstances.
Know the characteristics of planning.
Discuss in proper order the steps in planning.
Establish the relationship between planning and organisational control.
Discuss the various components of operation management.
Part 2: Types of Plan
By the conclusion of the specified learning and development activities, delegates will be able to:
Know the concept of, and prepare a tactical plan for their organisation.
Draft a strategic plan for their organisation incorporating therein the key components.
Discuss the underlying concepts of Strategic planning.
Use the different strategic planning tools in preparing their organisationa ™s strategic plan.
Illustrate the strategic planning process.
Undertake tests to check the quality of their organisationa ™s strategic plan.
Know the right period for doing strategic planning.
Draft an operational or business plan for their organisation.
Differentiate between standing and single-use plan.
Determine the issues involved in operational plan.
Distinguish between strategic planning and operational/ business planning.
Distinguish between strategic planning and tactical planning.
Part 3: Planning Strategies, Cycle and Outline
By the conclusion of the specified learning and development activities, delegates will be able to:
Adopt different strategies in drafting a plan.
Explain and illustrate the planning cycle.
Follow the steps in planning cycle.
Realise the importance of setting objectives in the preparation of the plan.
Draft a plan outline.
Part 4: Overview of Budgeting
By the conclusion of the specified learning and development activities, delegates will be able to:
Demonstrate an exceptional ability in budgeting.
Realize how proper budgeting can help their management to keep in track with the financial transaction and to manage the finance of their organisation for its future growth and development by knowing the basic concept of budget and budgeting.
Know the two primary functions of budgeting.
Identify the benefits of proper budgeting towards the success of their organisation.
Cite the classification of budgets and distinguish one from the other.
Enumerate the different types of budget.
Avoid common traps associated with budgeting.
Develop ways to avoid damage caused by ineffective budgeting.
Suggest ways on how to prevent budgeting overkill.
Know the different strategies in making a good budget plan.
Establish how proper budgeting and forecasting will lead in the preparation of a good plan.
Ascertain the relationship between budgeting and management for the proper coordination of organisational activities.
Prepare an efficient budget plan by knowing the principles and procedures for successful budgeting
Specify the role of budgeting in the planning and communication process.
Understand the nature and purpose of budgets for planning and control.
Ascertain how budgetary control helps in monitoring revenue and expense levels in operating activities.
Learn how variance analysis helps management to understand the present costs and how to control the future costs.
Know how the different responsibility centres promote effective financial control.
Report a budget segment internally and externally.
Part 5: Different Approaches to Budgeting
By the conclusion of the specified learning and development activities, delegates will be able to:
Distinguish between fixed and flexed budget.
Know the principles of a rolling budget.
Explain the underlying concept of zero-based budgeting and its advantages and disadvantages.
Differentiate traditional-based budgeting and zero based budgeting.
Give comments on the criticisms in zero-based budgeting.
Determine how zero-based budgeting may assist in budgeting, planning and control
Understand and explain the concept of Activity Based Budgeting (ABB).
Appreciate the importance of ABB towards creating accurate forecast for the organisation.
Enumerate the financial and organisational benefits of ABB.
Establish the relationship of ABB to operational planning and portfolio management
Prepare a master budget for their organisation.
Explain the underlying concept of paradigm-based budgeting, process-based budgeting, priority-based budgeting and performance-based budgeting and differentiate one form the other.
Develop ways for innovative budgeting in credit crunch and economic recession.
Part 6: Nature and Behaviour of Cost and the Budget Preparation Process
By the conclusion of the specified learning and development activities, delegates will be able to:
Analyse how cost behaviour influences forecasting and budget plan creation.
Distinguish fixed, variable costs and mixed costs.
Design an activity-based costing model in estimating the cost elements of the organisationa ™s products or services.
Know the different components of operating budget.
Explain the concept of project and variable budget.
Know the underlying concept of management by objectives.
Prepare/ Draft an operating budget plan for the continued operation of their organisation at current levels.
Prepare/ Draft a financial plan for the proper allocation of future income to various types of expenses.
Related Software Programs or Products: None
Related Awards, Degrees or Certifications: Diploma-Postgraduate
Related Jobs or Careers: Managers with direct financial responsibilities Planning and budgeting analyst Executives who need to evaluate pla
This is primarily ilt training
on-line e-learning cbt (computer based)This is an online eLearning or CBT training program
instructor led trainingThis class may be available at a classroom in London, London,
Course Level:basic
Duration:6 days
Training Presented in:English
Master's Degree Program Provided by Human Resource & Organisational Development Consultancy (HRODC) Postgraduate Training Institute

Strategic Planning Business Planning and Budgeting for Organisational Effectiveness Seminar Schedule

    Location    
April, 2017
3rd Apr   Hotel - Durban   [Register]
 
Strategic Planning Business Planning and Budgeting for Organisational Effectiveness
Course Programme for Strategic Planning, Business Planning and Budgeting for Organisational Effectiveness
Leading to Diploma-Postgraduate in Strategic Planning, Business Planning and Budgeting in Organisations
Course Objectives
Part 1: Key Issues in Planning
By the conclusion of the specified learning and development activities, delegates will be able to:
Demonstrate an exceptional ability in planning.
Define planning
Prepare a plan incorporating all the necessary requirements.
Explain the concept of informal plan.
Know the different purposes of planning.
Classify plan.
Identify the various contingency factors in planning to prepare their organisation for any unforeseen or unexpected circumstances.
Know the characteristics of planning.
Discuss in proper order the steps in planning.
Establish the relationship between planning and organisational control.
Discuss the various components of operation management.
Part 2: Types of Plan
By the conclusion of the specified learning and development activities, delegates will be able to:
Know the concept of, and prepare a tactical plan for their organisation.
Draft a strategic plan for their organisation incorporating therein the key components.
Discuss the underlying concepts of Strategic planning.
Use the different strategic planning tools in preparing their organisation s strategic plan.
Illustrate the strategic planning process.
Undertake tests to check the quality of their organisation s strategic plan.
Know the right period for doing strategic planning.
Draft an operational or business plan for their organisation.
Differentiate between standing and single-use plan.
Determine the issues involved in operational plan.
Distinguish between strategic planning and operational/ business planning.
Distinguish between strategic planning and tactical planning.
Part 3: Planning Strategies, Cycle and Outline
By the conclusion of the specified learning and development activities, delegates will be able to:
Adopt different strategies in drafting a plan.
Explain and illustrate the planning cycle.
Follow the steps in planning cycle.
Realise the importance of setting objectives in the preparation of the plan.
Draft a plan outline.
Part 4: Overview of Budgeting
By the conclusion of the specified learning and development activities, delegates will be able to:
Demonstrate an exceptional ability in budgeting.
Realize how proper budgeting can help their management to keep in track with the financial transaction and to manage the finance of their organisation for its future growth and development by knowing the basic concept of budget and budgeting.
Know the two primary functions of budgeting.
Identify the benefits of proper budgeting towards the success of their organisation.
Cite the classification of budgets and distinguish one from the other.
Enumerate the different types of budget.
Avoid common traps associated with budgeting.
Develop ways to avoid damage caused by ineffective budgeting.
Suggest ways on how to prevent budgeting overkill.
Know the different strategies in making a good budget plan.
Establish how proper budgeting and forecasting will lead in the preparation of a good plan.
Ascertain the relationship between budgeting and management for the proper coordination of organisational activities.
Prepare an efficient budget plan by knowing the principles and procedures for successful budgeting
Specify the role of budgeting in the planning and communication process.
Understand the nature and purpose of budgets for planning and control.
Ascertain how budgetary control helps in monitoring revenue and expense levels in operating activities.
Learn how variance analysis helps management to understand the present costs and how to control the future costs.
Know how the different responsibility centres promote effective financial control.
Report a budget segment internally and externally.
Part 5: Different Approaches to Budgeting
By the conclusion of the specified learning and development activities, delegates will be able to:
Distinguish between fixed and flexed budget.
Know the principles of a rolling budget.
Explain the underlying concept of zero-based budgeting and its advantages and disadvantages.
Differentiate traditional-based budgeting and zero based budgeting.
Give comments on the criticisms in zero-based budgeting.
Determine how zero-based budgeting may assist in budgeting, planning and control
Understand and explain the concept of Activity Based Budgeting (ABB).
Appreciate the importance of ABB towards creating accurate forecast for the organisation.
Enumerate the financial and organisational benefits of ABB.
Establish the relationship of ABB to operational planning and portfolio management
Prepare a master budget for their organisation.
Explain the underlying concept of paradigm-based budgeting, process-based budgeting, priority-based budgeting and performance-based budgeting and differentiate one form the other.
Develop ways for innovative budgeting in credit crunch and economic recession.
Part 6: Nature and Behaviour of Cost and the Budget Preparation Process
By the conclusion of the specified learning and development activities, delegates will be able to:
Analyse how cost behaviour influences forecasting and budget plan creation.
Distinguish fixed, variable costs and mixed costs.
Design an activity-based costing model in estimating the cost elements of the organisation s products or services.
Know the different components of operating budget.
Explain the concept of project and variable budget.
Know the underlying concept of management by objectives.
Prepare/ Draft an operating budget plan for the continued operation of their organisation at current levels.
Prepare/ Draft a financial plan for the proper allocation of future income to various types of expenses.
Course Contents, Concepts and Issues
Part 1: Key Issues in Planning
Planning, Defined
Requirements of Planning
Planning Characteristics
Informal Plans
Purpose of Planning
Planning Misconceptions
Planning Variations:
According to Breath or Coverage
According to Time Frame
According to Specificity
According to Frequency
Planning Contingency
Steps in Planning
Planning and Organisational Control
Planning in Operations Management
Planning as the Link-Pin in Organisational Management
Organising
Directing
Co-ordinating
Controlling
Part 2: Types of Plan
Pertinent Planning Concepts
Key Planning Components
Strategic Planning Process
Quality Tests for Strategic Plan
Timing Strategic Plans
Operational Plan as Business Plan
Standing Plan
Single-use Plan
Operational Planning Issues: Perfecting the Business Plan
Operational, Production or Manufacturing Capabilities;
Cash flow Forecast
Liquidity Ratio
Facilities
Inventory and Inventory Control
Material Requirements Planning (MRP) VS Just-In-Time (JIT) Operation
Distribution, 'Facilitation' and Relationship Management
Maintenance or Service Order Fulfilment and Client or Customer Service
Strategic Planning vs. Operational/ Business Planning
Strategic Planning vs. Tactical Planning
Strategic Planning Tools
SWOT Analysis
Balanced Scorecard
Scenario Planning
PESTEL Analysis
Part 3: Planning Strategies, Cycle and Outline
Planning Strategies
Planning as a Cyclical and Continuous Process
Initiate
Identify Aim
Explore Options
Selection of Best Options
Details Planning
Plan Evaluation
Implementation
Closure
Feedback
Objectives Setting: The Foundation of Planning
Real vs. Stated Objectives
Traditional Objective Setting
Means-Ends Chain
The Plan Outline
Setting goals & objectives
Determining steps to achieve goals
Setting start & completion dates
Assigning responsibility
Part 4: Overview of Budgeting
The Basic Concept of Budget and Budgeting
Two Primary Functions of Budgeting
Benefits of Budgeting
Classification of Budgets
Different Types of Budget
Methods in Assessing the Project
Typical Budgeting Traps
Damage from budgeting and how to avoid it
Budgeting Overkill
Budget and Strategy
Budgeting and Forecasting
Budgeting and Management
Principles and Procedures for Successful Budgeting
Budget Construction and Control
Budgeting as part of planning process and as a communication process
Nature and purpose of budgets for planning and control
Budgetary control and variance analysis
Responsibility Centres:
Revenue Centres
Expense or Cost Centres
Profit Centres
Investment Centres
Segment reporting internally and externally
Part 5: Different Approaches to Budgeting
Fixed and Flexed Budget (static and flexible budget)
Rolling Budget
Zero-based Budgeting
Concept
Traditional-based Budgeting vs. Zero Based Budgeting
Criticisms
How Zero-based Budgeting May Assist in Budgeting, Planning and Control?
Activity Based Budgeting (ABB)
Concepts
Importance
Financial Benefits
Organisational Benefits
Relationship to Operational Planning
Relationship to Portfolio Management
Master Budget
Paradigm-based Budgeting
Process-based Budgeting
Priority-based Budgeting
Performance-based Budgeting
Innovative Budgeting in Credit Crunch and Economic Recession
Policy, Planning and Budgeting System (PPBS)
Zero-Base Budgeting
Part 6: Nature and Behaviour of Cost and the Budget Preparation Process
Cost Behaviour
Fixed Costs
Variable Costs
Activity-based Costing
Operating Budget
Project Budget
Flexible (Variable Budget)
Management by Objectives
The Preparation of Operating and Financial Budget
Organization for Budget Preparation
Budget Timetable
Setting Planning Guidelines
Preparing the Sales Budget
Initial Preparation of Other Budget Components
Negotiation
Coordination and Review
Final Approval and Distribution
Revisions
About The Training Provider: Human Resource & Organisational Development Consultancy (HRODC) Postgraduate Training Institute
Human Resource & Organisational Development Consultancy (HRODC) Postgraduate Training Institute - We offer a wide range of Postgraduate Courses, specifically designed to enhance the Employee Development and Continuous Professional Development (CPD) of Professionals and workers of all hierarchical levels within organisations. We maintain a viable presence in Construction, Government Organisations, Industrial Sub-Sectors, Banks, Commercial Institutions and Education, Internationally. A...
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