Integrating Budgeting, Forecasting and Business Planning PetroTech

This seminar provides the skills to build world class standards into your planning, budgeting, performance measurement and reporting system. This seminar will discuss new techniques, explain how they complement the traditional financial planning tools, and introduce new concepts for measuring and reporting performance and shareholder wealth creation. You will explore the issues relating to capital budgeting. Budgeting manufacturing as well as other expenses, identifying profit objectives, budgeting cash requirements and forecasting are all covered in this seminar.

By combining techniques analysis, problems and examples with real case studies the course provides delegates with key cost awareness and budgetary skills, which is essential in managing and controlling processes/projects in times of increasing global competition where the budgets are inextricably linked with both strategy formulation and cost analysis.

The Goals

  • Successfully build an integrated planning, budgeting and reporting process
  • Understand costs behaviour more accurately
  • Deliver more timely and useful information to decision makers
  • Improve you the budgeting/financial skills required for better decision-making, whether for your continuing business or project or a new business venture. Explain typical costing and budgeting terminology used in business

The Process

This workshop will be highly participatory and your seminar leader will present, guide and facilitate learning, using a range of methods including discussions, case studies and exercises. Where appropriate, these will include real issues brought to the workshop by delegates.

Lessons learned from the seminar will be applied to your organisation. Key performance indicators (KPIs) for the critical success factors (CSFs) will focus attention on high priority action plans for taking back to your organisation.

The Benefits

  • Improve your management abilities
  • Increased understanding of forecasting and budgeting techniques
  • Understand the problems of overheads and how Activity Based Analysis may aid decision-making and pricing strategies
  • Contribute to implementation of change in the organization

The Results

  • Facilitate the elimination of non-value activities and the reduction of costs within your organisation
  • Successfully build an integrated planning, forecasting, budgeting and reporting process
  • Improve communication and motivation in your organisation
  • Understand cost behaviour and patterns
  • Deliver more timely and useful information to decision makers for project management
  • Ensure that processes of business planning, budgeting, and management reporting are robust in themselves and suitable for your organization
  • Facilitate the continuous and radical redesign of business processes

The Core Competencies

  • Separating problem identification and problem solving
  • Objective and strong analysis of plans and results
  • Understanding the control aspects of budgeting
  • Ability to appreciate the human factors involved in budget setting

The Conference Content

Budgets and Strategy in Today's International Environment

  • Organizational planning framework
  • The product / information / decision support cycle
  • Strategic, tactical, and operational forecasts
  • The strategic approach to business planning
  • Various strategic and tactical approaches to business planning
  • The international business environment

The Business Plan and Budget Development

  • Developing the business plan
  • Identification of key value drivers
  • Achieving objectives
  • Zero base budgeting
  • Activity based budgeting
  • Rolling budgets
  • Developing the Cash Budget

Analyzing the Applicability of Historical Data Using Excel 

  • Problems of forecasting
  • Using historical data to help predict the future
  • Forecasting
  • Sales volume
  • Development of Time Series Models using histograms, moving averages, exponential smoothing, and regression analysis
  • Using Regression Analysis as a predictor and estimator
  • Mastering the use of Exponential Smoothing as a Data Analysis tool

Using Activity-Based Budgeting and Cost Analysis Techniques

  • Cost behaviour and breakeven analysis
  • Activity based costing
  • Budgeting for Processes rather than Departments
  • Defining Key Cost Drivers
  • Defining Key Activities
  • Developing the Activity-Based Budget

Capital Budgeting and Project Appraisal

  • Identify the various types of capital projects
  • Discuss the capital project evaluation process
  • The impact time has on the value of money
  • Using WACC and ROIC as benchmarks
  • Determining the initial and subsequent capital project cash flows
  • Development of the "Hurdle Rate" for capital projects
  • Evaluate capital projects by applying NPV, IRR, ARR Payback models


The adage that “knowledge” is power holds very true in this industry. In order to maximize results we are constantly updating and upgrading ourselves. This commitment to ongoing skills development is one of the reasons we are success, the belief that there is a “better way to do things” is what motivates us each and every day. By aligning with us you are going to benefit from our years of expertise in real world scenarios. Classroom learning is great but there is no substitute to real world experience which is what we are bringing to the table.


Billionaire investor Warren Buffett said “price is what you pay but quality is what you get” and that expression is very true. With use we understand that your time is very valuable and you only want the best and most current industry related knowledge which is what we bring to the table.  Instead of giving you massive amounts of inaccurate or outdated information you get precisely what you want, the most current knowledge so you can make truly informed decisions that will directly impact productivity and your bottom line. When results are what you are looking for then the choice is clear, we are your partners in success.


Technology has revolutionized the way knowledge is disseminated in throughout the world, what use to take months or even years to reach the masses can be done in a few hours ! In order to remain relevant and viable we need to embrace innovations. The challenge with innovation is knowing when to implement it and what type of return you can expect from it. Instead of risking your time and resources we have the answers for you, Since we are at the vanguard of the industry whenever there is a fruitful innovation we will be there providing you with the information needed to make the right decision.


We understand you may have unique need so we provide a tailored made (bespoke for our U.K. friends) approach that will address your questions in the most conducive manner possible.  Respect to us means putting your interests, your needs at the forefront of our mind. You will see how genuine we are and that you not just “some customer” you are our partner in success just as much as we are your partner in success. We firmly believe in the “golden rule”, treat others with graciousness, courtesy and respect.  Come experience the difference that quality and respect makes and you will truly be amazed.

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