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Budgets and Beyond

Use adaptive planning and control to move beyond traditional budgeting practices.

GK# 2267

Course Overview


In this course, you'll explore the basic principles and functions of budgets. You'll learn about the problems associated with traditional budgets and discover how adaptive planning and control offers a more flexible alternative to traditional budgeting. You'll also learn about how replacing fixed targets with benchmarks based on key performance indicators can encourage a more entrepreneurial organization.

Virtual short courses do not include materials or headsets.


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What You'll Learn

  • The high-level purpose of budgeting
  • History of traditional budgeting
  • Costs and problems associated with traditional budgeting
  • Characteristics of adaptive planning and control
  • Principles for moving beyond traditional budgets


Viewing outline for:

Virtual Classroom Live Outline

1. Introduction

  • What Is a Budget?
  • What Is Budgeting?
  • High-Level Purpose of Budgeting
  • Functions of Budgeting
  • History of Traditional Budgeting
  • Types of Budgets

2. Typical Budgeting Process

  • Cost of Budgeting
  • Problems with Budgeting
  • Traditional Budgeting is Rigid
  • Rigid Budgeting Impedes Innovation
  • Fixed vs. Relative Outlook

3. Adaptive Planning and Control

  • Characteristics of Adaptive Planning and Control
  • Key Performance Indicators
  • Rolling Forecasts
  • Targets
  • Effects

4. Moving Beyond Traditional Budgets

  • Twelve Principles for Moving Beyond Budgets
  • Leadership Principles
  • Process Principles
  • Moving from Traditional Budgeting to a New Model

Who Should Attend

  • All professionals
Course Delivery

This course is available in the following formats:

Virtual Classroom Live

Experience expert-led online training from the convenience of your home, office or anywhere with an internet connection.

Duration: 1 day

Request this course in a different delivery format.