Organizations need a better understanding of the impact budgeting has on their operations and how strategy should drive budgeting.
The seminar starts with an overview of traditional budgeting approaches, such as adjusted cost, to understand the strengths and weaknesses of these approaches. It then introduces Strategy-Based Budgeting (SBB), a well-established methodology that takes into account demand-driven budgeting to allow for better forecasting of costs of operations.
In this seminar, participants gain knowledge about the following topics:
- Traditional budgeting methods
- The purpose of budgeting
- How to link strategic initiatives and the business plan to budgets
- The impact of service delivery demand on fixed and variable components of the budget
- “Good and Bad” variances, and how to better align limited resources to maximize outcomes and service delivery
An Introduction to Strategy-Driven Budgeting
Thursday, June 25
8:30 a.m. – 12:00 noon