Workshop Investment:

Exclusive of 15% Sales TaxPKR 45,000/-

Date & Venue:

Movenpick Hotel Karachi

8-May-2015

Optimizing your forecasts and budgets to maximize profitability,cost efficiency and continuously deliver operationalobjectives in achieving organizational strategic plan

MANAGERS

FORECASTINGBUDGETINGAND FOR

NON-FINANCIALParticipants are

requested to pleasebring laptop.

COURSE OVERVIEW

Why you cannot miss this event?

In today’s dynamic business environment, it is essen-tial for non-financial managers to create adaptable budgets and forecasts towards attaining company objectives, delivering accurate and timely financial information as well as monitoring budget performance with actual financial figures. Divisional managers can no longer rely on traditional budgeting methods as the budgets would be obsolete even before they are being completed.

In this 1-day intensive Masterclass on Forecasting and Budgeting for Non-Financial Managers, you will be equipped with enhanced ability to efficiently grasp, foresee and incorporate key business drivers into the budget; which ultimately results in improved business performance and shareholder value. This training will be presented in a participative style filled with discus-sions, practical exercises and case studies to ensure that you are able to implement it in your organisation.

Management and forecasting for value growth and investment decision making to professionals who come from non-financial backgrounds.

WHO SHOULD ATTEND?Management and staff from non-finance departments including those in sales, business development,marketing and operations should attend, Including: O&G Heavy Industry Maintenance & Operations Logistics & Administration

Telecommunications Postal Executives

COURSE BENEFITSAttend this informative event and gain practical insights into:

Creating flexible budgets and forecasts to accommodate today’s rapid changes, enhance precision and organizational agility Making the most out of your budgeting and forecasting methods in fabricating strategic deployment, cost control and resource allocation Distinguishing key business drivers and risks affecting your imminent divisional performance Utilizing budgets and forecasts to translate your organizational strategy into a coherent set of initiatives and departmental plans Tracking your budget performance to competently analyze trends, variances and forecast accuracy

Aligning Budgets, Forecasts and Strategic Plans

Integrating Your Planning, Forecasting and Budgeting using balanced scorecards Introduction to balanced scorecards

The need to link strategic planning, budgeting and performance management History of balanced scorecards The four perspectives of traditional balanced scorecards Strategy maps Further enhancements to balanced scorecards Developing a strategic balanced scorecard

Creating a destination statement Developing strategic activity objectives Identifying interim outcome objectives Creating strategy maps (strategic linkage model) Strategic objectives further defined Key performance indicators

Identifying performance indicators Selecting key indicators Implementation and review

Implementation plans for balanced scorecards Review and monitoring performance

Group Exercise:Applying Porter’s model to an industry selected

SESSION 1

Forecasting and Key Business Drivers

Employing Driver-Based Planning Techniques to Forecast Key Business Drivers and Embed Risk Identification

Recognizing and testing correlations of key business drivers to your organization’s financial and business performance measures Applying qualitative techniques of forecasting to develop sales and production forecasts Establishing accurate quantitative forecasting to overcome uncertainty through: Time series analysis Historical data analysis Linear regression Making timely strategic decisions by applying: Stress-testing “What if ” scenario analysis Sensitivity analysis

Practical Exercise:Using Excel to execute a quantitative analysis of data.

SESSION 2

Monitoring Budget Performance and Effectiveness

Planned versus Actual: Tracking Progress of Your Budgets viaVariance Analysis to Make Informed Decisions

Using financial reports to trace financial deviations between budgeted and present to effectively identify overspending Detecting and scrutinizing budget discrepancies in addressing: Amount of variation Cause of variation Producing variance reports to monitor business performance and enforce stronger financial controls Creating a change management plan to execute corrective actions on your budget discrepancies

SESSION 3

Practical Exercise:Utilizing Microsoft Excel in analyzing management

accounts to identify variance, causes and suggesting corrective actions (Malone budget exercise)

Capital Finance Decisions

Acquiring fundamental information of fixed and variable costs through analysis Operational expenditure Productivity analysis Breakeven analysis Cost-Volume-Profit analysis Marginal costing Emphasizing the need to distinguish between fixed and variable costs Understanding the effect of fixed cost on breakeven analysis Applying operating and financial leverage to a company

SESSION 4

Practical Exercise:Harley Health Club analysing the effect of operating and

financial leverage

Capital Investment Decisions

Identifying the need for capital budgeting Analysis of potential projects. Estimating cash flows (inflows & outflows) and assessing the risk of cash flows Utilizing IRR, NPV, Payback and Discounted Payback to evaluate capital projects

SESSION 5

Practical exercise:Applying capital budgeting techniques to the

purchasing of a firm

COURSE OVERVIEW

Course Facilitator

ClienteleChristopherEdwinWhittle

• Bachelors Degree in Administration • Higher Diploma in Education • Masters Degree in Political Science• Masters Degree in Business Leadership

Christopher is one of our most requested Facilitator especially in GCC and Africa Region for the past three years. He has been actively facilitated courses in Saudi Arabia, Qatar, Oman, UAE, Jordan, Lebanon, Egypt, Pakistan, India, Seychelles, South Africa, Maldives to name but a few. Internationally renowned strategic business risk management expert. He was an experienced managing director having managed a diverse group of companies and has experience in a number of fields covering public sector services, office automation, banking, finance and . He is an accomplished and highly experienced ‘strategy developer’, with a proven track record of assisting organizations, managers, teams and individuals to attain business goals. With excellent organizational and interpersonal skills, he offers exciting, powerful and effective learning events to inspire people’s choices to bring about change. He is a transformer of individuals, teams and companies. Armed with his diverse academic and industry business knowledge to cultivate entertaining, engaging, practical and powerful work-shops/seminars which are both pragmatic and current. With unique mind-bending strategies, he coaches you to influence, inspire and move those you come in contact with, into decisions and commitments. All organizations need to change with the times, the consultant will help you implement change, and how to make it palatable and be embraced by all staff.

Highlights of Recent Workshop Conducted by Mr Christopher Edwin Whittle

“The course in general was very good and I believe it was useful for others as well.”National Marine Dredging Company (NMDC)

“Excellent presentation skills and links to practical field, along with satisfactory and attractive learning environment”Ajman University

“Course was organised, timing’s good, venue and refreshment was excellent.”Tatweer Petroleum

“The training was great in terms of value of content, trainer and logistics.”Saudi Arabian General Investment Authority (SAGIA)

“It enhances my skill in budget preparations that will benefit my company in particular.”Saudi Investment Bank

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