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An Interactive 5-Day Training Course

Budgeting, Forecasting and the Planning Process

Integrated Approach To Financial Planning

Classroom Dates
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18 - 22 Nov 2024
Dubai
$5,950
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25 - 29 Nov 2024
Rome
$5,950
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16 - 20 Dec 2024
London
$5,950
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13 - 17 Jan 2025
Dubai
$5,950
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10 - 14 Feb 2025
London
$5,950
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07 - 11 Jul 2025
Dubai
$5,950
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Register
25 - 29 Aug 2025
London
$5,950
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Register
15 - 19 Sep 2025
Athens
$5,950
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Register
10 - 14 Nov 2025
Dubai
$5,950
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01 - 05 Dec 2025
Rome
$5,950
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22 - 26 Dec 2025
London
$5,950
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Online Dates
Register
07 - 11 Jul 2025
Online
$3,950
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Register
10 - 14 Nov 2025
Online
$3,950
Register

This Budgeting, Forecasting and the Planning Process training course provides the theoretical basis and necessary skills to develop world class strategic planning, forecasting, and budgeting processes. A strategy is a long-term plan of what an organisation is going to do to achieve its overall policy. This training course will enable delegates to develop a framework that links strategies to annual budget and targets and aims for world class levels of management and organisational performance.

A budget is a short-term plan of how an organisation quantifies the operational activities required to achieve its long-term strategy. This training course will provide delegates with the skills and forecasting techniques to develop a budget as a plan, and use control budgets and analysis of variances to actual to identify areas in which financial performance may be improved.

This Energy Training Centre training course will highlight:

  • Links between Strategic Financial Planning, Forecasting, and Budgeting
  • Effective Excel and other Forecasting Techniques to support Financial Planning and Budgeting
  • Impacts on Financial Plans of alternative methods of Financing, and Business and Financial risk
  • Traditional and Modern Costing Systems that are used in the Budget Process
  • Best Practice in Operating Budgeting, Budgetary Control, Capital Investment Budgeting, and Cash Forecasting and Budgeting

By the end of this Budgeting, Forecasting and the Planning Process training course, participants will learn how to:

  • Improve their ability to think strategically and participate in the integration of the organisation’s strategic management and budgeting processes
  • Use forecasting techniques most appropriate to their organisation’s strategic planning and budgeting
  • Apply the techniques that relate to the key principles of financial management: shareholder wealth maximisation; cash flow; time value of money; risk
  • Appreciate the behavior of costs and identify the costing methods that may best be used in financial planning, budgeting, and budgetary control
  • Use best practice to develop operating budgets, capital expenditure budgets, and cash flow budgets and forecasts in line with organisational strategic objectives

This training course will combine the presentation of analytical techniques, examples and case studies. Relevant worked examples will illustrate the learning points and tools and techniques in a real-world environment. Group discussion will promote exchange of experiences and ideas.

The interactive team case studies and exercises will reinforce the application of topics covered. These are supported with the help and advice of your Instructor and his extensive practical experience and knowledge of strategic planning, forecasting and budgeting. Difficult mathematical concepts are minimised wherever possible and handled in a visual way that is easy to understand – our aim is for this to be an enjoyable learning experience.

Participants in this Budgeting, Forecasting and the Planning Process training course will provide benefits for their organisation through the enhanced knowledge and set of skills that they will take back to the workplace:

  • Strategic Thinking and Appreciation of the links between Budgets and Strategic Financial Plans
  • Application of Effective Forecasting Techniques
  • Risk Analysis and Risk Management
  • Identification of the most appropriate Financing and Optimal Capital Structures
  • Development of Modern Approaches to Costing, Planning, Budgeting and Budgetary control
  • Capital Investment Project Budgeting, Cash Forecasting and Budgeting

Delegates will learn to take a strategic approach and greatly improve their planning and budgeting skill set relating to:

  • Strategic Analysis and Financial Planning and Use of Strategy Maps like the Balanced Scorecard
  • Use of Qualitative and Quantitative Forecasting Tools and Techniques, and Evaluation of Business and Financial Risk
  • Absorption Costing, Marginal Costing and Cost-Volume-Profit (CVP) Analysis, Activity Based Costing (ABC), and Activity Based Management (ABM)
  • Preparation of Operating Budgets, Cash Budgets and Forecasts, and the Use of Activity Based Budgeting (ABB), Flexed Budgets and Variance Analysis for Budgetary Control
  • Evaluation of Alternative Financing, Optimisation of Capital Structure, and Computation of Cost of Equity, Cost of Debt, and Weighted Average Cost of Capital (WACC)
  • Application of Discounted Cash Flow (DCF) techniques of Net Present Value (NPV), Internal Rate of Return (IRR), Modified Internal Rate of Return (MIRR), Equivalent Annual Cost (EAC), and the Profitability Index (PI) for Capital Project Investment Appraisal and Capital Budgeting

This Budgeting, Forecasting and the Planning Process training course is designed to be suitable for anyone involved in budgeting and planning in companies, corporations, and governmental, education, and health service organisations. It is equally valuable for those working in finance and accounting, costing, and treasury departments, and all other financial and non-financial professionals who have budget responsibility or are involved in the planning process, for example:

  • Line Managers
  • Project Managers
  • Professional Advisers and consultants who would like to further develop their strategic thinking and decision-making, and refresh and update their skill sets relating to planning, forecasting and budgeting, and their linkages

Day One: Strategic Management and Financing

  • Strategic Analysis, Strategic choices and evaluation, and Strategic implementation
  • The Links between Strategy, Forecasting, Planning, Budgeting, Performance Measurement
  • Strategic capability and avoiding the Spiral of Death
  • Shareholder Wealth maximisation, Corporate and Shareholder value creation
  • Financial Strategy, Dividend Policy, the Agency Problem and Corporate Governance
  • Long-term Financing
    • Debt and Equity; Cost of Equity using Dividend Growth and Capital Asset Pricing Model (CAPM); Cost of Debt; Weighted Average Cost of Capital (WACC)
  • Capital Structure Optimisation Models to minimise WACC
  • Using Strategy Maps to link strategies to Performance Measurement: The Balanced Scorecard

Day Two: Financial Planning, Forecasting, and Risk Analysis

  • The Financial Planning Process and Modelling using Excel
  • Statistical Forecasting Tools and Techniques
    • Time series; moving averages; exponential smoothing; Pareto Analysis; trend progression; linear regression; correlation
  • Forecasting long- and short-term sales revenues, and sales pricing
    • Porter’s generic strategy of cost leadership and differentiation; Bowman’s strategy clock; full cost pricing; marginal cost pricing; target cost pricing; life-cycle costing; kaizen costing; value-based pricing
  • Using Excel for Optimum Product mix decisions
  • Short-term Financing, Working Capital, and the Cash Operating Cycle
  • Direct and Indirect Cash Flow Analysis and Cash Flow Forecasting using Excel
  • Uncertainty and Risk
    • Business Risk
    • Financial Risk
    • Systematic Risk
    • Unsystematic Risk
  • The Choices available to minimise and mitigate risk

Day Three: Cost Analysis Techniques

  • Cost Behaviour and Activities
  • Fixed and Variable Costs, Direct and Indirect Costs
  • Product Costs and Period Costs
  • Cost Allocation and Absorption of Overheads
  • Absorption or Full Costing
  • Marginal Costing
  • Cost-Volume-Profit (CVP) and ‘what-if’ analysis using Excel
  • Activity Based Costing (ABC) and Activity Based Management (ABM)

Day Four: Budgeting, Budgetary Control and Performance Improvement

  • To Budget or Not – Purposes and Reasons for Budgets
  • Stages in the Budget Preparation Process
  • Preparation of the Master Budget
  • Activity Based Budgeting (ABB)
  • Responsibility Accounting and Variance Analysis
    • Standard costing; flexed budgets; budgetary control to measure organisational and management performance
  • Advantages, Disadvantages and Behavioural Aspects of Budgeting
  • The Conflict between Performance Improvement and the Costing System
  • Lean thinking and integrating continuous performance improvement into the Budget Process

Day Five: Project Appraisal and Capital Budgeting

  • The Time Value of Money
  • Future Values
  • Present Values
  • Discounted Cash Flow (DCF)
  • Capital investment Project Appraisal
    • Accounting Rate of Return (ARR); payback; Net Present Value (NPV); Internal Rate of Return (IRR); Modified Internal Rate of Return (MIRR); Discounted Payback; Equivalent Annual Cost (EAC)
  • Project Risk
    • Sensitivity Analysis; simulation; scenario analysis; NPV break-even
  • Capital Rationing
  • Capital Budgeting and the Profitability Index (PI)

Budgeting, Forecasting and the Planning Process Training Course FAQ's

WHY ENERGY TRAINING CENTRE?

Industry Leading Expertise
Flexible Learning Options
Trusted & Approved
Best Prices

Our industry leading training courses cover the entire energy ecosystem, from conventional energy, to renewables. Regardless of where you are in the renewable sector, from start-up to NOC – our goal is to provide our clients with future-proof professional training and development to help you lead in navigate the energy transition. We are supporting clients within the conventional energy industry, such as those in oil gas adopt and implement effective strategies and systems to reduce their carbon footprint and emissions. We also deliver training and run bespoke programs for clients who may be making a larger scale transition into the renewable energy market. For those organisations who are growing or are fully established in the renewable energy space we offer professional development training to further their knowledge and skills, and ensure they are up-to-date with industry standards and regulations.

Get all your questions answered here!

If you need more help in answering your questions, feel free to contact us!

Contact us to know more

While we do not provide job placement services after the training course, we are confident that our programme equips you with the necessary tools and knowledge to enhance your career prospects and promote career growth. Our training course are designed to empower you with valuable skills and expertise to excel in your chosen field.

Yes, here are the following options we can offer to assist you:

  • Corporate Discount – We can extend our corporate discount to participants staying at the same hotel, if we have any. Please enquire about the availability of this discount when you register for the training course.
  • Nearby Hotel Suggestions – If you prefer other accommodations, we can provide a list of nearby hotels to suit your needs and budget.

Feel free to go through hotel booking platforms on the internet to find the most cost-effective for you.

Yes, we provide assistance by issuing a Letter of Invitation stating that you are confirmed to attend our training.

We offer multiple international training venues, which can be accessed via the following link: https://energytraining.ae/training-locations
 
Our training courses are conducted at partnered hotels located within the specified training areas. Please note that venue assignments may vary based on availability. For the most current information, do not hesitate to contact us at [email protected].

We value transparency and are happy to provide our instructor’s profiles upon request. If you would like to learn more about our instructor’s’ qualifications, expertise, and experiences, please email us at [email protected].

Yes, we do. We provide tailored training courses designed to meet the specific requirement of larger group of individuals. These customized training courses can be conducted both classroom and online formats, allowing you the flexibility to choose you preferred dates and duration.

Please contact us at [email protected] to discuss your group’s training needs, and we’ll work with you to create a personalized training course that aligns with your objectives.

We offer two main training formats to cater to different preferences and needs: 

  • Classroom Training Delivery – Our traditional classroom-based training courses provide a face-to-face learning experience with subject matter experts. You’ll benefit form in-person interactions, hands-on exercises, and a structured classroom environment.
  • Online Training Delivery – We also offer convenient live/online training courses that you can access from anywhere with a stable internet connection. These courses provided flexibility and allow you to learn anywhere, making them suitable for busy schedules or remote learning.
Upon successful completion of the training course, you will receive The Energy Training Centre Certificate of Completion with corresponding learning hours.

Certainly, we do provide corporate rates tailored for organizations seeking to enrol multiple employees in our training programs. To facilitate this, we encourage you to make a formal request via email addressed to [email protected]. We’ll be delighted to discuss and offer a suitable arrangement for your corporate needs.

Yes, special discounts are available upon request if you have more than one registrant for a course. For further information please email us at [email protected]

Classroom
  • Tuition fee for a 5-day training course
  • Provision of a world-class subject matter expert to deliver this training
  • Meeting at a hotel venue corresponding to your chosen session
  • Welcome food and drinks, AM / PM snack, and Lunch
  • Digital course materials (e-Tablet)
  • Course completion certificates
  • Designing and administration of Pre-& Post Course Assessments
  • Preparation of participant’s Performance and Appraisal Report, if required
  • Issuance of Letter of Invitation for delegates needed visa processing, if required
Online
  • Tuition fee for a 5-day online training course
  • Provision of a world-class subject matter expert to deliver this training through live/virtual delivery
  • An electronic copy of the training manual and relevant hand-outs
  • Issuance of The Energy Training Centre e-Certificate of Completion
  • Administration of Pre-& Post Workshop Assessments
  • Link access of online platform acceptable to both parties

We offer two convenient payment options:

  • Bank Transfer – You can make payment via bank transfer. Once your registration is confirmed, you will receive an invoice with the banking details for the transfer. We would require you to supply a swift copy for us to confirm receipt of funds.
  • Payment Link – Alternatively, we provide a secure payment link that you can use to complete your payment after your registration has been confirmed.

Yes, we do allow registration transfers in the event that you are unable to attend the training course. To initiate a transfer, please send us an official email requesting the change. We’ll guide you through the transfer process and ensure a smooth transition of your registration to another eligible participant.

Upon receiving your registration details, either via email at [email protected] or through our online registration form, we will send you the following by email within 24-48 hours of registration.

  • Joining Instructions
  • Invoice/receipt (where appropriate)

 

There are two convenient options to register for a training course:

  • Online Registration Form – Register for your desired training course by completing the online registration form available on our website. Simple click on the registration button or select your preferred dates and provide the requested information.
  • Email Registration – You can email us your intention to register at [email protected]. Our team will guide you through the registration process and provide assistance you may need.

Our training course sessions are scheduled and posted on our website for your convenience. However, we understand that there may be specific requirement for your group. If you have a preferred venue and specific training dates in mind, please feel free to propose them to us by clicking on the button “Propose you preferred location & date” of your preferred training course.

Our course timings slightly vary between the cities we offer our training courses. Please let us know of your preferred course and session (dates/venue) through email at [email protected]. Alternatively, you may call/WhatsApp us at +971 50 746 0956.

We understand that time zones may be different between our Senior Consultants and our delegates. Our standard online course timings (11:00 AM to 4:00 PM, GMT+4 – Dubai, UAE) may be adjusted upon confirming the programme. Our team shall communicate between the confirmed registered delegates and suggest a suitable course timing for all.

Our standard course duration for our classroom programmes is 6 hours per day while our online session is 5 hours per day.

Our training programmes are designed to be concise yet comprehensive, focusing on professional development. The duration varies based on the specific course content and objectives – we normally offer programmes between 5 – 10 days. However, our emphasis lies in delivering interactive and engaging sessions that prioritize depth of learning within a condensed timeframe. This approach ensures participants acquire substantial knowledge and skills efficiently.

We have been assessed by TUV Rheinland Middle East FZE and comply with Quality Management System standards – ISO 9001:2015 and ISO 29993:2017, ensuring a commitment to quality and excellence in our operations and services.

Our training courses span across diverse industries, encompassing sectors such as but not limited to:

  • Power & Utilities
  • Oil & Gas
  • Financial Institutions
  • Government and Regulatory bodies
  • Manufacturing & Production Industry

Our commitment lies in continuously refining and expanding our training course offerings to align with evolving industry landscapes. We encourage individuals to explore our website or engage with our dedicated support team for the latest information on available courses, ensuring access to the most pertinent and current educational resources.

Yes, The Energy Training Centre is certified and recognized by several prominent industry standards. Specifically, it holds certifications from ILM, Continuing Professional Development (CPD), and the Project Management Institute (PMI).

  • ILM (ID# 002398B) – This certification indicates that our training programmes meet high standards for leadership and management development, ensuring that they are designed to enhance participants’ skills in these critical areas.

  • Continuing Professional Development (CPD) – Our recognition by CPD reflects our commitment to providing educational opportunities that support ongoing professional growth and skill enhancement. This accreditation ensures that our training courses are relevant and effective for professionals seeking to advance their careers.

  • Project Management Institute (PMI) – Being recognized by PMI signifies that our training programmes align with industry best practices in project management. This certification assures participants that our offerings are in line with the standards required for effective project management and are valuable for those pursuing or maintaining PMI credentials.

These certifications underscore our dedication to providing high-quality, industry-relevant training that fosters professional growth and meets established standards. Additionally, we are actively pursuing further certifications and affiliations to enhance our offerings and ensure we remain at the forefront of industry best practices.

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