1. Strategic Budgeting Foundations
• Linking budgeting with corporate strategy.
• Budgeting process: stakeholders, timeline, and governance.
• Understanding financial planning frameworks.

2. Budgeting Techniques and Approaches
• Traditional vs. modern budgeting methods.
• Zero-Based Budgeting (ZBB) – concept and implementation.
• Activity-Based Budgeting (ABB) – aligning with operational drivers.
• Incremental and flexible budgeting models.

3. Cost Management Fundamentals
• Types of costs: fixed, variable, direct, indirect.
• Cost-volume-profit (CVP) analysis and breakeven.
• Identifying and managing cost drivers.
• Target costing and lifecycle cost management.

4. Operational and Capital Budgeting
• Preparing operating budgets: sales, production, admin, and marketing.
• Developing capital budgets and project cost plans.
• Budget integration and consolidated planning.

5. Variance Analysis and Performance Management
• Analyzing budget variances: price, volume, efficiency.
• Linking variance analysis to KPIs and decision-making.
• Performance dashboards and reporting.

6. Forecasting and Scenario Planning
• Creating rolling forecasts and mid-year revisions.
• Using historical data for predictive planning.
• Scenario analysis and risk-adjusted budgeting.

7. Excel Tools for Budgeting and Cost Control
• Building and customizing Excel budgeting templates.
• Using functions and formulas for budget tracking.
• Automating budget consolidation and variance reporting.

8. Integrating Budgeting with Financial Management Systems
• Budgeting within ERP systems and financial software.
• Best practices in documentation, approvals, and compliance.
• Monitoring and reviewing budgets effectively.

This practical and comprehensive training equips participants with the strategic and technical tools necessary to manage complex budgeting environments and deliver cost-efficient outcomes.

Advanced Budgeting & Cost Management Training Course in Geneva

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