Driver-based Planning, Forecasting and Budgeting
IC0599

Driver-based Planning, Forecasting and Budgeting

Do you want to champion balanced scorecards with KPIs, driver-based budgeting and rolling financial forecasts at your company? In this third course from Gary Cokins, learn how performance-based budgeting involves the shift from historical reporting to predictive costing with capacity-sensitive driver-based rolling financial forecasts.


Course Goal

  • Recognize Problems with the Traditional Annual Budget
  • Recognize the Purpose of a Strategy Map with a Balanced Scorecard and KPIs
  • Review basic concepts of Managerial Accounting Needed for Predictive Costing
  • Calculate Costs from Expenses Based on the Causality Principle
  • Link Strategy/Risk Management to the Budget and Rolling Financial Forecasts
  • Understand the Strategy Map concept for Strategy Execution

Who This Training Is For

  • Consultants
  • Executives and Managers

Exam/Certificate

  • Certificate of Completion (more certification info)
  • Upon successful completion of this course, receive your Driver-based Planning, Forecasting and Budgeting certificate

This Course is In the Following Learning Paths:

Enterprise Performance Management
Enterprise Performance Management

Learn how Enterprise Performance Management (EPM) is the seamless integration of many managerial methods including strat...

Show All Learning Paths

Instructor

Gary Cokins

4.9 Average Rating

29 Reviews

197 Students

3 Courses

Gary Cokins

President and CEO

Gary Cokins is an internationally recognized expert, speaker, and author in enterprise and corporate performance management improvement methods and business analytics. He is the founder of Analytics-Based Performance Management, an advisory firm located in Cary, North Carolina at www.garycokins.com . Gary received a BS degree with honors in Industrial Engineering/Operations Research from Cornell University in 1971. He received his MBA with honors from Northwestern University Kellogg School of Management in 1974. Gary began his career as a strategic planner with FMCs Link-Belt Division and then served as Financial Controller and Operations Manager. In 1981 Gary began his management consulting career first with Deloitte consulting, and then in 1988 with KPMG consulting. In 1992 Gary headed the National Cost Management Consulting Services for Electronic Data Systems (EDS) now part of HP. From 1997 until 2013 Gary was a Principal Consultant with SAS, a leading provider of business analytics software. His two most recent books are Performance Management: Integrating Strategy Execution, Methodologies, Risk, and Analytics, and Predictive Business Analytics. His books are published by John Wiley & Sons. All of Gary's authored or co-authored books are at: https://www.goodreads.com/author/list/47692.Gary_Cokins One interesting honor that few know about Gary is he in the Cooperstown NY Baseball Hall of Fame for the Oldest Computer Baseball Game which was result of his 1970 junior year operations research game theory course project at Cornell.

Student Feedback

4.8

Average Rating

Reviews

Language: English
Level: Intermediate
Duration: 1.5 hours
Type:  Instructor-led
Category: Management

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