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Course Overview

A practical knowledge of budgeting skills is vital for effective operational management, and for ensuring short-term tactical goals are aligned correctly with medium and longterm strategic objectives. This is, of course, particularly challenging in the current uncertain economic and social climate, making it more all the more important for nonfinancial corporate leaders to keep abreast of the latest forecasting techniques and practices. This course provides a simplified, yet in-depth, insight into the mechanics of budgeting within manufacturing, production and corporate functions. Each topic is reinforced with real-world case studies.

Key Learning Outcomes

• Corporate Strategy and Organizational Planning Process
• Understanding Budgeting Perspectives
• Identifying Budgetary Constraints & Resource Limitation
• Alternative Budgeting Approaches: Zero-based, Incremental,
• Application of Quantitative Techniques to Cost Estimation and Forecasting
• Interdependence of master and sub-budgets
• Construction of Opex and Capex budgets
• Practical Techniques for Implementing the budget
• Monitoring and Reporting performance against plan
• Interpreting and investigating relevant variances
• Adjusting/correcting operational activity and reacting to economic and business changes

Workshop Approach

This workshop incorporates real-world case studies and draws on the latest budgetary practices. The delivery of the material is interspersed with group exercises and practical challenges, using excel spreadsheets. The aim is to foster a hands-on understanding of the concepts and instil a practical, and usable, knowledge of the skills required to develop effective and operating costs budgets

Who Should Attend?

All staff involved in budgeting but especially those working in the Production / Manufacturing / Front-end functions and Cost Centres, including: Heads of Operations, Production Planning, Maintenance, Engineering, Quality Control, Turnarounds, Distribution & Warehouse, Asset Control etc. It will also benefit managers within certain back-end corporate functions involved in providing support to the production functions, including: Procurement, Marketing, IT, Project Managers & HR.

Download detailed Agenda - Budgeting for Production & Operating Costs MasterClass

The Trainer: 

Raheen Sacranie
Consultant, executive coach & corporate instructor

Raheen Sacranie is a member of the Institute of Chartered Accountants (ICAEW) and the Chartered Institute of Management Accountants (CIMA), in the UK. Following a stint with KPMG in London, where he was involved in well over a hundred operational investigations and audits, he has worked as a financial and technology consultant, coach and trainer in over 700 companies across the world. His experience straddles all industries, in the commercial and the public sectors, and a career that spans over 25 years. He specializes in helping organizations address the knowledge gap between operations and finance, particularly in identifying and delivering customised consultancy and training solutions aimed at enhancing operational working practices, financial management, financial analysis, corporate governance, process re-engineering, project management, regulatory compliance, audit investigations, business writing & communications, IT collaboration tools, coaching/mentoring and other skillsets in line with competency frameworks and corporate objectives. He has managed and delivered several initiatives in these areas. He is also a keynote speaker at several industry conferences, including: GPCA Innovation Workshop and OSHRM HR Symposium.