INTRODUCTION

The fundamentals of budgeting in the present competitive corporate environment are all covered in courses on management budgeting and performance. This course teaches students how to analyze data practically and creates the tools necessary to conduct successful analyses and reach well-informed decisions.

The subjects covered in the course include developing a justified budget with regard to assets and investments, tracking and integrating budgets with performance, generating budget presentations, and preparing budgets.

COURSE OBJECTIVES

By the end of the course, participants will be able to:

• Understand how budgets and performance data are integrated;
• Acquire the skills necessary to defend the performance-integrated data to other departments;
• Recognize changes in performance relative to the annual budget;
• Take into account performance data changes to ensure their use to support government projects.

DURATION

5 Days

WHO SHOULD ATTEND

The training is intended for academics and professionals across many disciplines. The skills of those taking the course will be enhanced by the knowledge of time-series, cross-sectional statistics, and regression analysis.

COURSE OUTLINE

Planning and budgeting foundations

• Identify similarities and differences of foundations in private and public (governmental) sectors planning and budgeting
• Importance of agency budget and it core elements

Performance groundwork

• Strategic hierarchy from the mission to activities with inclusion of measures of performance
• Validation of the strategic hierarchy through theory of change/models/strategy maps
• Initiative identification and inclusion in the budget year

Integration of performance and budget formulation

• Characterization of different types of budgets and identification of elements of performance integrated budget
• Alignment of performance integrated budget with the budget calendar
• Internal and external sources of budget data

Implementation of the performance integrated budget

• Development of a Cost structure tied to the strategic hierarchy
• Performance integrated budget reporting
• Adjustment to the performance integrated budget

Group discussions

• Review of performance integrated budget
• Summary and integration of planning, performance management and performance integrated budgets

GENERAL NOTES

• Our seasoned instructors, who have years of experience as seasoned professionals in their respective fields of work, will be teaching this course. A combination of practical exercises, theory, group projects, and case studies are used to teach the course.
• The participants receive training manuals and supplementary reading materials.
• Participants who complete this course successfully will receive a certificate.
• We can also create a course specifically for your organization to match your needs. To learn more, get in touch with us at training@dealsontrainers.org.
• The training will take place at DEALSON TRAINERS IN NAIROBI, KENYA in Nairobi, Kenya.
• The training fee includes lunch, course materials, and lodging for the training session. Upon request, we may arrange for our participants' lodging and transportation to the airport.
• Payment must be made to our bank account before the training begins, and documentation of payment should be emailed to training@dealsontrainers.org