Performance Management
Human Resource Management and Training
Fees:
Venue: Istanboul , Turkey
Start Date: 2026-07-12
End Date: 2026-07-16
Duration: 5 days
Course Content:
INTRODUCTION
organisations to allocate scare resources to create and deliver value to their key stakeholders. In profit making businesses this means creating value for customers and shareholders; whilst in the government and public sectors this means effectively delivering ‘value for money’ services to clients with economy and efficiency. The most successful organisations achieve these strategic goals within an effective performance management framework in which budgeting and cost management have key roles to play.
Budgets are the tool with which strategic high level long-term plans can be translated in to detailed operating plans, which facilitate the implementation and execution of organisational strategy. Cost management is at the heart of an effective system for allocating scarce resources to key processes, products and services to maximise the value created for customers, clients, shareholders and funding providers. This leading edge course will focus on recent development in both the budgeting process, and the approach to cost analysis and management.
Objectives
At the end of this Budgeting For Performance Management training course, delegates will be able to:
Understand now budgeting fits in to performance management
Combine financial and non-financial metrics to budgeting
Understand and compare different approaches to costing
Master traditional and advanced approaches to budgeting
Apply a strategic approach to cost management and reduction
Day 1
Budgeting and Business Performance Management
Creating value for key organisational stakeholders
Business Performance Management (BPM) frameworks
The fundamentals of competitive strategy
The vital role of budgeting and cost management in BPM
Principles of financial and management accounting
Key financial measures of value creation
Using strategy maps to integrate non-financial measures
Day 2
Cost Planning and Cost Management
Defining and understanding cost behaviour
The role of costing in performance management
Traditional costing: absorption costing
Traditional costing: marginal costing and break-even analysis
Traditional costing: standard costing control frameworks
Developments in costing: Activity Based Costing (ABC)
A strategic approach to cost management and reduction
Day 3
Steps and Techniques in Budget Preparation
Forecasting techniques for budgeting
Business Intelligence and budgeting
Diagnostic and predictive analytics for budgeting
Statistical tools and techniques in sales forecasting
Statistical tools and techniques for cost forecasting
Steps in the budgeting process
Budgeting and managing capital expenditure (CapEx)
Cash flow forecasting and budgeting
Styles and approaches to budgeting
Human and behavioural aspects of budgeting
Day 4
Using Budgets to Monitor and Manage Performance
Principles of Responsibility Accounting
Variance analysis and performance management
Standard costing and cost management
Using data analytics to find the root cause of variances
Data visualisation techniques for financial reports
Designing budget reports
Dashboards and their use in performance management
Designing tactical dashboards for budget management
Day 5
Beyond Budgeting to Adaptive Management
Shortcomings of traditional approaches to budgeting
Beyond Budgeting case study
Moving towards decentralised performance management
Replacing budgets with rolling forecasts
Using key driver forecasts for risk management
Using balanced scorecard to manage Key Performance Indicators
Why traditional budgeting still has a key role to play
Print