Name: Budgeting For Performance Management Training Course
Rating: 4.7 (1076 reviews)

Scheduled Dates

12 - 16 Oct 2026

Rome - Italy

$5,950

02 - 06 Nov 2026

Dubai - UAE

$5,950

21 - 25 Dec 2026

Paris - France

$5,950

15 - 19 Mar 2027

London - UK

$5,950

14 - 18 Jun 2027

Paris - France

$5,950

26 - 30 Jul 2027

London - UK

$5,950

26 - 30 Jul 2027

Online

$4,950

30 Aug - 03 Sep 2027

Dubai - UAE

$5,950

11 - 15 Oct 2027

Rome - Italy

$5,950

01 - 05 Nov 2027

Dubai - UAE

$5,950

20 - 24 Dec 2027

Paris - France

$5,950

Why Choose this Training Course?

Effective budgeting connects organisational priorities with the resources required to achieve them. It gives managers a structured basis for planning, controlling costs, allocating resources, and monitoring whether operational activity is delivering the intended results.

Budgeting for Performance Management training course develops practical capabilities for connecting financial planning with organisational performance. Participants will explore modern budgeting methods, cost management principles, forecasting techniques, and performance measures that support informed management decisions.

The training course also examines how organisations can strengthen budget reporting, use analytics to improve forecasts, and connect financial and non-financial measures. Participants will gain a broader perspective on traditional budgeting alongside adaptive approaches that support changing organisational requirements.

Key focus areas of this Budgeting for Performance Management training course include:

Aligning budgeting processes with organisational strategy and performance objectives
Strengthening cost analysis, cost control, and resource allocation decisions
Applying forecasting and analytical techniques to improve budget planning
Integrating financial and non-financial measures into performance management
Enhancing budget reporting, variance analysis, and management information
Exploring adaptive budgeting approaches and contemporary performance management practices

What are the Goals?

At the end of this Budgeting for Performance Management training course, participants will be able to:

Apply budgeting principles to support strategic and operational performance objectives
Analyse cost behaviour and evaluate appropriate costing approaches for management decisions
Develop more effective forecasts using financial, operational, and analytical information
Integrate financial and non-financial performance measures into budgeting frameworks
Evaluate budget variances and identify factors affecting organisational performance
Implement practical approaches to cost management, performance reporting, and adaptive planning

Who is this Training Course for?

This Budgeting for Performance Management training course is designed for:

Divisional and Functional Managers
Planning and Budgeting Managers
Budgeting and Financial Officers
Finance and Management Accounting Professionals
Reporting and Performance Management Professionals
Team Leaders and Operational Managers

How will this Training Course be Presented?

This training course combines expert-led instruction, practical exercises, interactive learning, group discussions, applied scenarios, and real-world examples. Participants will examine budgeting and cost management challenges, exchange professional perspectives, and apply relevant techniques to practical organisational situations.

Organisational Impact

Organisations will benefit from:

Improved alignment between strategy and organisational activities
Increased awareness of budgeting and cost management practices
Enhanced budgeting techniques and better outcomes
Broader understanding of performance management methods
Greater awareness of the relationship between financial and non-financial performance measures
Stronger understanding of cost management and cost reduction techniques

Personal Impact

Participants will gain:

A stronger understanding of budgeting approaches and methodologies
Practical skills in forecasting and cost analysis
Increased awareness of critical organisational success factors
Enhanced strategic thinking and management capabilities
Valuable skills for developing Key Performance Indicators (KPIs)

Daily Agenda

Day 1: Budgeting and Business Performance Management

Creating value for key organisational stakeholders
Business Performance Management (BPM) frameworks
The fundamentals of competitive strategy
The vital role of budgeting and cost management in BPM
Principles of financial and management accounting
Key financial measures of value creation
Using strategy maps to integrate non-financial measures

Day 2: Cost Planning and Cost Management

Defining and understanding cost behaviour
The role of costing in performance management
Traditional costing: absorption costing
Traditional costing: marginal costing and break-even analysis
Traditional costing: standard costing control frameworks
Developments in costing: Target and Kaizen costing
Developments in costing: Activity Based Costing (ABC)
A strategic approach to cost management and reduction

Day 3: Steps and Techniques in Budget Preparation

Forecasting techniques for budgeting
Business Intelligence and budgeting
Diagnostic and predictive analytics for budgeting
Statistical tools and techniques in sales forecasting
Statistical tools and techniques for cost forecasting
Steps in the budgeting process
Budgeting and managing capital expenditure (CapEx)
Cash flow forecasting and budgeting
Styles and approaches to budgeting
Human and behavioural aspects of budgeting

Day 4: Using Budgets to Monitor and Manage Performance

Principles of Responsibility Accounting
Variance analysis and performance management
Standard costing and cost management
Using data analytics to find the root cause of variances
Data visualisation techniques for financial reports
Designing budget reports
Dashboards and their use in performance management
Designing tactical dashboards for budget management

Day 5: Beyond Budgeting to Adaptive Management

Shortcomings of traditional approaches to budgeting
Beyond Budgeting case study
Moving towards decentralised performance management
Replacing budgets with rolling forecasts
Using key driver forecasts for risk management
Using balanced scorecard to manage Key Performance Indicators
Why traditional budgeting still has a key role to play

Certificate

Upon successful completion of this training course, delegates will be awarded an official PetroKnowledge Certificate of Completion, signed by the course facilitator. The certificate confirms successful participation and records the total learning hours completed.
Continuing Professional Education credits (CPE): In accordance with the standards of the National Registry of CPE Sponsors, one CPE credit is granted per 50 minutes of attendance.

Accreditation

In Association With

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Would an alternative date be more suitable?

We offer a variety of tailored training options, customized to meet your organisation's needs. Delivered anytime, anywhere, we make it easy to bring expert training directly to your team.

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Budgeting For Performance Management

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