This Managing Financial Crisis & Supporting Decision Making training course will equip you with the vital skills to help ensure the survival of your organisation during any crisis. This innovative new leading edge training course will highlight the critical areas where responsive and relevant decision-making support is needed during this extremely challenging crisis to maintain the organisation’s profitability as well as manage and optimise its cash flow and liquidity.
The training course is designed to offer practical support to key decision makers to help them to provide the appropriate response to what may prove to be lasting disruptive changes to the organisation’s fundamental ways of operating, reflected in long established business models. Under these conditions some well-established decision-making techniques are no longer valid and may even prove to be detrimental to the organisation’s ability to survive current crisis and flourish afterwards. The training course will highlight where these threats may leave the organisation exposed and how this may be avoided.
This Energy Training Centre training course will highlight:
- How to assess the potential impact of the crisis on established business models?
- The vital actions needed to manage cash flow and liquidity in a crisis
- Managing and reducing costs without damaging the heart of the enterprise
- Practical tools to manage capital expenditure during the crisis
- The critical importance of effective leadership and communication
- An effective approach to forecasting to manage risk and uncertainty
This Managing Financial Crisis & Supporting Decision Making training course has been designed to provide delegates with a practical set of tools and techniques to help them provide relevant and practical management during the financial crisis and to support effective decision-making in often “uncharted waters”. The training course will cover theory where relevant but otherwise will focus heavily on practical application of established techniques.
By the end of this training course, you will have learned to:
- Analyse and interpret the impact of the crisis on established business models
- Help to develop a meaningful response to business model disruption
- Apply practical tools to manage and optimise cash flow and liquidity
- Use sophisticated cost analysis methods to maximise profit or surplus
- Employ a strategic approach to reducing costs with minimum damage
- Use “what if” forecasting tools to help manage risk and uncertainty
This Managing Financial Crisis & Supporting Decision Making training course will use a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. The training course will follow a participative workshop format and will be focused on developing practical skills that delegates can apply in real life business situations on return to their own organisation.
This training course will provide key team players from all parts of the organisation with the relevant skills and practical techniques to take effective action in the areas most critical to underpin its financial survival and re-growth and to support management decision-making, specifically by:
- Helping to understand and develop support strategies to existing business models
- Developing and using practical tools to manage cash flow and liquidity
- Taking effective action to manage and strategically reduce organisational expenses
- Develop and use sophisticated forecasting tools to manage risk and uncertainty
- Replacing obsolete budgets with dynamic rolling forecasts
- Apply leadership skills to promote a sense of urgency and manage change
This Managing Financial Crisis & Supporting Decision Making training course will provide delegates with a highly relevant set of up to date skills with which to take an active role in the financial management of a crisis and in supporting key decision-makers, by:
- Raising awareness of the key threats to the organisation’s business model
- Development of practical Excel tools to manage cash flow and liquidity
- Using proven techniques to manage and reduce organisational expenses
- Building flexible dynamic Excel forecasting tools to manage risk and uncertainty
- Replacing budgets with dynamic rolling forecasts
This Managing Financial Crisis & Supporting Decision Making training course will be relevant to many, if not most, functional organisational areas; the training course is suitable to a wide range of professionals but will greatly benefit:
- Planning and budgeting team members
- Financial and management accounting team
- Treasury staff
- Supply chain and procurement team
- Production planning and management
- HR team
Day One: Assessing the Potential Impact of the Crisis
- The drivers of business success in normal conditions
- Identifying and balancing stakeholder interests during crisis
- Understanding how effective business models work
- The disruptive impact on business models during crisis
- Identifying opportunities for business model reinvention
- Key aspects of business finance for management attention
- The pressure on conventional financial performance indicators
- Six critical areas for management focus during the crisis
Day Two: Managing Cash Flow, Funding and Liquidity
- Taking control of your cash flow drivers
- Understanding and optimising working capital
- Identifying bottlenecks in order to cash systems
- Protecting customer and supplier relationships
- Mastering cash flow forecasting and modelling
- Ensuring adequate cash resources
- Reviewing funding options and costs
- Identifying sources of emergency funding
Day Three: Managing and Reducing Operating Expenses (OpEx)
- Understanding the fundamentals of cost behaviour
- The vital gross margin and break-even relationship
- The critical role of value added analysis in crisis management
- Profit protection and management in a crisis
- Potential weaknesses in traditional cost analysis
- An activity based approach to profit analysis
- Crisis cost reduction the strategic way
Day Four: Managing and Controlling Capital Expenditure (CapEx)
- Capital allocation techniques in a crisis
- Capital appraisal methods
- The Fundamentals of discounted cash flow analysis
- Using Excel to evaluate CapEx project viability in a crisis
Leadership and Effective Communication
- Crisis leadership
- The vital importance of communication in a crisis
- The Importance of Urgency
- Managing necessary change in a crisis
Day Five: Managing Risk with Effective Forecasting
- Risk analysis techniques
- Forecasting in conditions of risk and uncertainty
- Basic principles of statistical data analysis
- Using sensitivity analysis techniques to manage risk
- Replacing budgets with dynamic rolling forecasts
- Recognising risk in traditional decision-making techniques
- Removing barriers to business model innovation
