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X-WR-CALNAME:NAST Training & Consultancy Sdn. Bhd.
X-ORIGINAL-URL:https://nastglobal.com
X-WR-CALDESC:Events for NAST Training & Consultancy Sdn. Bhd.
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DTSTART:20260101T000000
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DTSTART;TZID=Asia/Shanghai:20260518T080000
DTEND;TZID=Asia/Shanghai:20260519T170000
DTSTAMP:20260609T070443
CREATED:20260121T074142Z
LAST-MODIFIED:20260121T074142Z
UID:8669-1779091200-1779210000@nastglobal.com
SUMMARY:Budgeting\, Forecasting & Cost Control
DESCRIPTION:Budgeting\, Forecasting & Cost Control \nTarget Group\nProgramme managers\, project officers\, non-finance managers\, procurement officers\, supervisors\, and officers responsible for operational budgets and programme delivery. \nDuration\n2 Days (14 training hours) \nTraining Methodology\nPractical workshops\, guided exercises\, group simulations\, public-sector case studies\, facilitated discussions\, and hands-on budgeting tools. \nCourse Objectives \nBy the end of this programme\, participants will be able to: \n\nPrepare realistic operational and programme budgets\nUnderstand and apply basic forecasting techniques\nAnalyse budget variances and identify root causes\nPropose practical cost control measures without encouraging “budget cutting” behaviour\n\nLearning Outcomes \nParticipants will be able to: \n\nBuild and defend an operational or programme budget\nApply forecasting techniques to manage uncertainty\nAnalyse variances and identify cost drivers\nPropose realistic cost control actions aligned with programme outcomes\n\nDAY 1 – Budget Preparation & Forecasting Fundamentals \nModule 1: Budgeting in the Public Sector Context \n\nPurpose of budgeting beyond “spending allocation”\nBudgeting as a planning\, control\, and accountability tool\nCommon budgeting weaknesses highlighted in audit reports\nRoles of non-finance officers in budget integrity\n\nModule 2: Activity-Based Budgeting for Programmes \n\nTraditional budgeting vs activity-based budgeting\nLinking activities to outputs and outcomes\nIdentifying direct and indirect costs\nCost allocation across programmes and initiatives\n\nModule 3: Budget Preparation & Justification \n\nBuilding a defensible programme budget\nAssumptions\, cost drivers\, and documentation\nCommon mistakes in budget justification\nPreparing budgets that withstand scrutiny\n\nModule 4: Forecasting Techniques for Non-Finance Managers \n\nBudget vs forecast – what’s the difference?\nRolling forecasts and why they matter\nUpdating forecasts during uncertainty\nUsing forecasts for decision-making\n\nDAY 2 – Variance Analysis\, Cost Control & Simulation \nModule 5: Variance Analysis & Investigation \n\nWhat variance analysis really tells management\nFavourable vs unfavourable variances\nInvestigating variance causes (price\, volume\, timing)\nWhen variances become audit red flags\n\nModule 6: Practical Cost Control Levers \n\nCost control vs cost cutting (important distinction)\nIdentifying controllable vs non-controllable costs\nPrioritising spending under budget constraints\nManaging cost pressures without impacting outcomes\n\nModule 7: Contingency Planning & Funding Adjustments \n\nPlanning for funding cuts and delays\nManaging programme scope under financial pressure\nMaking trade-offs transparently and defensibly\nDocumenting decisions for audit purposes\n\nModule 8: Integrated Budgeting Workshop (Capstone) \n\nBringing together budgeting\, forecasting\, and cost control\nDecision-making under constrained resources\nPresenting budget adjustments clearly to management\n\nCapstone Group Exercise:\nTeams: \n\nCreate a 12-month budget for a replanting programme or entrepreneurship incubator\nPerform variance analysis\nRespond to a simulated 10% budget reduction\nPresent revised budget and justification
URL:https://nastglobal.com/event/budgeting-forecasting-cost-control/
LOCATION:Kuala Lumpur\, MONT KIARA\, Malaysia
CATEGORIES:Accounts & Finance
ORGANIZER;CN="NAST%20Training%20And%20Consultancy":MAILTO:info@nastglobal.com
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