An Intensive 5-day Training Course
Performance Based Budgeting (PBB)
Improving Performance through Efficient & Effective Budget Management
This highly participative MHMMD training course will provide you with the essential skills to implement, manage and control budget in order to...
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Course Overview
This highly participative MHMMD training course will provide you with the essential skills to implement, manage and control budget in order to improve the performance (financial and efficiency) of your organisation.
In an increasingly competitive marketplace it is essential to reduce costs, maximise profit and improve efficiency, goals made possible through the implementation of effective Performance Based Budgeting.
Participants attending the Performance Based Budgeting training course will develop the following competencies:
- Budgeting skills, (Traditional, Activity Based & Performance Based)
- Performance Management (Financial and Efficiency) improving Quality, Time & Cost
- Effective communication skills to enable effective implementation
- Analytical skills to analyse and recommend appropriate techniques
- Reporting skills armed with appropriate data and performance measures
Training Objectives
This Performance Based Budgeting training course aims to enable participants to achieve the following objectives:
- Establish Performance Based Budgets
- Measure and evaluate performance suing a variety of techniques
- Recommend action to improve performance
- Evaluate Traditional, Activity Based and Performance Based Budgeting
- Use PBB to manage projects effectively and efficiently
Training Methodology
The course will combine presentations with interactive practical exercises, supported by video materials, activities and case studies. Delegates will be encouraged to participate actively in relating the principles of Performance Based Management to the particular needs of their workplace.
Organisational Impact
PROGRAMME SUMMARY
The Performance Based Budgeting training course covers essential skills of Budgeting and Performance Management. This will enable you to implement Performance Based Budgets to ensure cost control, profit maximisation and increased efficiency. The course compares budgeting methods and how to capitalise on the advantages of Performance Based Budgeting.
Who should Attend?
This training course will greatly benefit the following:
- Finance professionals who seek to improve their skills
- Managers seeking to evaluate the financial implications of major decisions
- Operational, marketing, production management team who prepare or work with budgets
- Professionals who aspire to manage departments where budgeting and performance management are key requirements
- Professionals who wish to learn the latest techniques
Training Outline
PROGRAMME OUTLINE
Day 1 – An Outline of Performance Based Budgeting (PBB)
- What is Performance Based Budgeting (PBB) ?
- The need for PBB in the Government & Private Sector
- Advantages of PBB
- Limitations of PBB
- Stages in Establishing Performance Based Budgeting
- Accountability & Responsibility
Day 2 – The Performance Based Budgeting Process
- Performance Indicators
- Establishing SMART Objectives & Targets
- Identifying the Process to achieve the Objectives
- Ensuring Processes are Economic & Efficient
- Developing the Performance Criteria
- Planning the Finance
Day 3 – Analysing Performance
- Analysing Performance
- Earned Value Added
- Value for Money (VfM)
- Variance Analysis
- Getting Budgets back on track
- Revising the Budgeting
Day 4 – Budgeting Methods Compared
- Methods of Budgeting from Zero Based to Incremental
- PBB v Traditional Budgeting v Activity Based Budgeting
- PBB within Capital Budgets
- Cost Classifications & Cost Behaviour
- Cost Control
- Managing Fixed & Variable Cost Control
Day 5 – PBB & The Capital Investment Process
- The Capital Investment Process
- Establishing PBB to support New Projects
- Managing the Project Quality, Time & Cost
- Evaluating Performance – Payback, NPV, IRR & MIRR
- Risk Management
- Cast Study
ACCREDITATION
MHMMD is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.
Euromatech is a Knowledge & Human Development Authority (KHDA) approved training institute in Dubai, licensed and approved to deliver training courses in the UAE.
The KHDA is the regulatory authority in the UAE, that oversees administering, approving, supervising, and controlling the activities of various education providers in the UAE. We are proud of our commitment to ensuring quality training courses and status as a KHDA-approved training provider.
Taught by our team of highly qualified trainers, our KHDA approved training courses will provide you with an enriching learning experience and practical knowledge that will help you future-proof your career and support professional development within your organisation.
The beautiful thing about learning is nobody can take it away from you.
B.B. King
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