An Intensive 5-day Training Course
Budget Preparation, Allocation & Cost Control:
Budgeting for Performance Management
Course Introduction
This training course links strategic planning with practical budgeting, cost control, and performance management. Across five days, participants build an end-to-end toolkit that covers cost analysis, operating and capital budgeting, variance analysis, dashboards, and rolling forecasts, so they can plan, monitor, and adapt with confidence.
This Oxford Management Centre training course will feature:
- Structured pathway from strategy to budgeting to performance
- Linking strategy maps to KPIs and budget drivers
- Integrated budget pack template: operating, capex, and cash flows
- Practical tools for Activity-Based Costing and Budgeting
- Scenario and sensitivity analysis using driver tables and risk checks
- Performance reporting practice with variance analysis and concise commentary
- Dashboard starter kit with layout guidance and sample metrics
- Peer discussions, facilitator feedback, and quick knowledge checks
- Capstone exercise to redesign the budgeting cycle with roles, timelines, and controls
- Take-away implementation checklist and reusable templates
Objectives
By the end of the training course, participants will be able to:
- Translate strategy into plans, KPIs, targets, and budget assumptions.
- Analyse cost behaviour and apply CVP and contribution analysis.
- Design and prepare operating, capital expenditure, and cash budgets.
- Apply cost allocation methods, including Activity-Based Costing and Activity-Based Budgeting.
- Build scenarios and sensitivities and assess risk and uncertainty.
- Use variance analysis and flexible budgets to drive corrective action.
- Design concise management reports and dashboards with clear commentary.
- Set up rolling forecasts and driver-based planning.
- Align budget governance, roles, timelines, and controls.
- Lead constructive budget conversations with finance and non-finance colleagues.
Training Methodology
This 5-day training course combines theory and practice. Therefore, besides lectures based on Power Point presentations, discussions and exercises, we use company examples to illustrate how the techniques presented have been applied in real case studies.
Organisational Impact
Your organisation can expect:
- Better alignment between strategy, budgets, and KPIs.
- Clearer cost visibility and improved spending discipline.
- Faster month-end performance reviews with focused variance follow-up.
- More reliable forecasts, improving cash and capacity planning.
- Stronger budget governance, documentation, and audit trail.
- Improved collaboration between finance and operating teams.
Personal Impact
Participants will:
- Strengthen technical skills in cost analysis, budgeting, and variance techniques.
- Build confidence in presenting numbers and telling the performance story.
- Learn practical Excel approaches for scenarios, sensitivities, and forecasts.
- Gain reusable templates and a step-by-step implementation checklist.
- Develop facilitation skills to run efficient budget and review meetings.
Who Should Attend?
- Those in charge of designing and managing a budgetary system
- The Staff Person who will be responsible for entering data into the budget system or training others how to enter information
- Those who want to gain control of the firm's financial standing and obtain a firm grasp on the numbers side of their job
- Financial Professionals, R&D Professionals, Sales / Marketing Professionals, General Accounting Professionals, Business Unit Professionals
- Anyone who wants to understand the basics of budgeting, costing and performance measurement
Course Outline
Day One
Strategy, Governance and the Role of Budgeting
- From strategy to plans, KPIs and targets
- Budget purposes, benefits and pitfalls
- Budgeting styles and behavioural considerations
- Accountability, responsibility centres and governance arrangements
- Quick case: translate a strategy map into annual targets and cost envelopes
Day Two
Cost analysis for Planning and Control
- Cost behaviour, fixed versus variable, step costs and CVP analysis
- Contribution margin, break-even and operating leverage
- Cost allocation, indirect costs, cost hierarchy and drivers
- Traditional costing versus Activity-Based Costing, Activity-Based Budgeting and Activity-Based Management
- Target costing and Kaizen costing for continuous improvement
- Exercise: diagnose over or under costing and propose a refined costing approach
Day Three
Building the Budget Pack
- Forecasting sales and costs, data quality and assumptions log
- Operating budgets: production, labour, overheads and SG&A
- Capital expenditure budgeting and project appraisal links
- Cash-flow budgeting, working capital planning and seasonality
- Scenario, sensitivity and risk analysis with driver tables
- Workshop: assemble an integrated operating and cash budget with a capex annex
Day Four
Using Budgets to Manage Performance
- Variance analysis that drives action: price, quantity, mix, efficiency and spending
- Standard costing and flexible budgets
- Responsibility accounting and performance reports
- Designing clear management dashboards and commentary
- Linking budgets with audit trail, documentation and internal controls
- Lab: build a monthly performance pack and write a one-page narrative
Day Five
From Fixed Budgets to Adaptive Management
- Rolling forecasts and driver-based planning
- Forecast accuracy, bias monitoring and forecast discipline
- Balanced Scorecard and integrated performance measurement
- Beyond Budgeting ideas and what to adopt in a practical setting
- Capstone case: redesign a legacy budget process into an adaptive cycle, including calendar, roles, templates and governance
- Personal action plan and implementation checklist
Certificate
On successful completion of this training course, Oxford Management Centre Certificate with eligible Continuing Professional Education credits (CPE) from National Registry of CPE Sponsor will be awarded to the delegates
Accreditation
In association with
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FREQUENTLY ASKED QUESTIONS
Yes, we provide assistance in securing both hotel reservations & entry visa on all our international training venues, for delegates attending our training courses. For further information / assistance, please contact our Customer Service at:
- Telephone: +971 50 985 0174
- E-mail: info@oxford-management.com
Yes, Oxford Management Centre is accredited by the following professional bodies;
National Association of State Board of Accountancy (NASBA)
The Oxford Management Centre is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit.
Yes, discounts are available. For further information please call +971 50 985 0174 or email, info@oxford-management.com
Note: Discounts are not applicable with any other special offer that may be available.
All course bookings made through Oxford Management Centre are non-refundable. By registering for a course, you acknowledge and accept that fees are payable in full and are not subject to refund under any circumstances, including but not limited to participant dissatisfaction, changes in personal or professional circumstances, or partial attendance.
Oxford Management Centre reserves the right to make reasonable adjustments to course content, trainers, or schedules where necessary, without entitling delegates to a refund. Full details of each course – including objectives, target audience, and content – are clearly outlined prior to enrolment, and it is the responsibility of the delegate to ensure suitability before booking.
There are 2 easy ways to register:
- Online: Select the training course you want to register for, Click the “Book Your Place” button on the course page, complete the form and click submit.
- E-mail: Send your details to info@oxford-management.com
We request that all cancellations be made at least one week before the class start date. You may reschedule this class without any penalty. If not, a $250 fee will be charged for cancellations received less than one week before a class begins and for no-shows. Cancellation penalties and any fees incurred by Oxford Management Centre will be deducted from refunds.
For more information request, email info@oxford-management.com or call +971 50 985 0174.
The classroom training fees include course presentation, relevant materials, physical & digital documentation, lunch and refreshments served during entire training. Accommodation and transportation are not included in the training course fees.
While, online training fees cover the course presentation and digital documentation and relevant materials.
The Oxford Management Centre Certificate of Completion with corresponding CPE credits shall be awarded to delegates who has successfully completed the training course.
Payment must be received before the training course commences. You can make payment by bank draft, cash, credit card or wire transfer.
Note: If the payment is not received, Oxford Management Centre has the right to refuse admission.
Upon receipt of your registration form, we will send you the following by e-mail:
- Registration Confirmation
- Invoice/Receipt (where appropriate)
If you register online you will receive an e-mail within 24 hours confirming your registration.
