Budgeting, Cost & Decision Making
PROGRAMME OBJECTIVES
The Budgeting, Cost & Decision Making training course will enable participants to achieve the following objectives:
- Understand the importance of a well-defined budget process and create budgets relevant to your organization
- Acquire costing and budgeting terminology and techniques
- Master methods for risk, payback and cost-benefit analysis
- Learn how to integrate profit, cash and balance sheet plans and budgets
- Using ‘what-if’ and Stochastic Models to evaluate probable outcomes and ranges of variances and identify key drivers for corrective actions
- Understand the use of Present Value, IRR and discounted cash flow (DCF) to support investment and financial decision making