Financial Planning, Asset Management and Evaluation

Ref	FI 660
Dates	13 - 17 December 2010
Venue	Vienna
Fees	US$ 4450
CPE Credits	30

INTRODUCTION

This programme provides the skills to build world class standards into your financial planning, asset management and evaluation. This programme will discuss new techniques, explain how they complement the traditional financial planning tools, and introduce new concepts for managing and evaluating corporate assets. You will explore the issues relating to capital budgeting & risk analysis. By combining techniques analysis, problems and examples with real case studies the programme provides delegates with key strategic awareness and forecasting skills, which is essential managing and controlling your firm’s future in times of increasing global competition where the budgets are inextricably linked with both strategy formulation and asset analysis.

WHO SHOULD ATTEND?

All sectors of industry who require a more indepth understanding of integrated planning and risk analysis techniques
Personnel with a financial background or responsibilities for strategic planning and management reporting would benefit from this programme

PROGRAMME OBJECTIVES

Understand your strategic planning process
Understand how to apply different planning, forecasting and analysis techniques
Enhance knowledge of forecasting revenue and costs
Motivate managers for enhanced performance
Integrate the organization's strategic planning with capital budgets
Understand capital budgeting techniques & cash flows
Interpret capital budgets and performance measurement as communication tools
Link risk analysis & project evaluation with business process improvement

TRAINING METHODOLOGY

We combine theory and practice. Therefore, besides in-class lectures, discussions and exercises, we use company examples to illustrate how the techniques presented have been applied in real case studies.

ORGANISATIONAL IMPACT

Facilitate the elimination of non-value activities within your organisation
Successfully build an integrated planning, forecasting, & evaluation process
Improve communication and motivation in your organisation
Understand risk analysis patterns
Deliver more timely and useful information to decision makers for project management
Facilitate the continuous and radical redesign of business processes

PERSONAL IMPACT

Improve your management abilities
Increased understanding of forecasting and planning techniques
Understand the problems in forecasting & linking strategy to planning activities
Expand you Decision-making abilities
Contribute to implementation of change in the organization

COMPETENCIES EMPHASISED

Enhance knowledge of international business
Master techniques for planning & risk analysis
Understand the techniques of forecasting
Capital project appraisal & evaluation
Confidently contribute to business process improvement

PROGRAMME SUMMARY

The instructor has an interactive approach to learning and facilitation of participation and you will have the opportunity to identify, understand, discuss and practice key planning, asset management and evaluation skills in the following areas:

The relationship between strategy & planning
How strategy drives planning
The relationship between strategy and tactics
Understanding different types of forecasting models
How spreadsheets can be used to improve the outcomes of planning
What are the main drivers of capital budgeting decisions
What analysis can be easier than we think
The relationship between risk and valuation
Why important tools are available to make better decisions
Various approaches to capital costs

PROGRAMME OUTLINE

DAY 1 - Strategy in Today’s International Environment

Create a comprehensive strategic analysis of the company, competitors, industry
trends and stakeholders’ goals
A clear vision of where the business will be in 3-5 years
A robust strategy to achieve the vision
A detailed organization design for achieving the strategy
A change management process for leaders to successfully navigate the business from the current state to the desired future
An invaluable tool to create and sustain a high-performing business and build a solid leadership team

DAY 2 - Forecasting as a Tool for better Planning

Introduction
Qualitative Forecasting Methods
Quantitative Forecasting Models
How to Have a Successful Forecasting System
Computer Software for Forecasting
Forecasting in Small Businesses and Start-Up Ventures
Wrap-Up: What World-Class Producers Do

DAY 3 - Asset Management for Fun and Profit

Service delivery to guide asset practices and decisions
Asset planning and management are integrated with business planning, budgeting and reporting processes
Asset management decisions are based on assessment of alternatives, life cycle costs, benefits and risks
Ownership, control, accountability and reporting requirements are implemented
Asset management activities are undertaken within an integrated policy framework

DAY 4 - Project Analysis And Evaluation

Evaluating NPV Estimates
Using Scenario Analysis to make better decisions
Sensitivity Analysis to make better decisions
Three Types of Break-Even Analysis
Operating Leverage
Financial Leverage
Using DFL & DOL to improve decision making
Dealing with Capital Rationing

DAY 5 - Risk Analysis and Project Evaluation

Cash Flow versus Discount Rate
Approaches to Cost of Capital Measurement
Recommended Framework
Comparison of Methods
Conversion of Cash Flows
Industry Adjustments
Project Specific Adjustments
Risk Worksheet
Conclusions
Appendices

To Register on this seminar, please click here