Planning, budgeting and forecasting

Why planning?

• Preparing for the future instead of making exact predictions.
• Recognize opportunities and risks as well as your own strengths and weaknesses in good time!
• Implementing strategic objectives with the help of planning: Why budgeting is important for a company's success!
• Motivating and coordinating employees with the help of budgets.

Planning processes at a glance

• From corporate vision to budget: stages of corporate planning.
• Analyze the initial situation and define planning premises.
• Linking corporate strategy and tactical-operational planning.
• Budgeting: corporate activities must be financed!
• Forecasting: periodic or rolling? The sensible addition to your planning landscape.
• Business analytics & digitalization: a curse or a blessing for planning and forecasting?

Budgeting requirements

• Individuality: There is no off-the-shelf budgeting process.
• Simplicity: Budgeting processes must be transparent and comprehensible.
• Flexibility: Budgets must not restrict companies.
• Integration: The sub-plans of all corporate and specialist departments must be coordinated.

Integration of partial planning

• Corporate planning at a glance: Objects, sub-plans and participants.
• Driver-based planning as a means of integrating different specialist departments.
• Planning methods: top-down planning, bottom-up planning, counterflow method, zero base budgeting.
• Coordination with other planning: Liquidity planning, project planning, investment planning, standard costing, etc.

Budget control and management

• The budget has been approved! - What now?
• Dealing with budget supplement and carryover to the next year.
• Budget tracking and reporting.
• Special case of "zero base budgeting".

IT support for budgeting

• Recommendations for the selection of planning and budgeting IT.
• Overview of software categories.

Recommendations for implementing an individual budgeting concept

• Stocktaking: What is criticized about the current budgeting processes?
• Modular principle: Which methods help to solve which problem?
• Procedure: What is the best way to get there?

Why planning?

• Preparing for the future instead of making exact predictions.
• Recognize opportunities and risks as well as your own strengths and weaknesses in good time!
• Implementing strategic objectives with the help of planning: Why budgeting is important for a company's success!
• Motivating and coordinating employees with the help of budgets.

Planning processes at a glance

• From corporate vision to budget: stages of corporate planning.
• Analyze the initial situation and define planning premises.
• Linking corporate strategy and tactical-operational planning.
• Budgeting: corporate activities must be financed!
• Forecasting: periodic or rolling? The sensible addition to your planning landscape.
• Business analytics & digitalization: a curse or a blessing for planning and forecasting?

Budgeting requirements

• Individuality: There is no off-the-shelf budgeting process.
• Simplicity: Budgeting processes must be transparent and comprehensible.
• Flexibility: Budgets must not restrict companies.
• Integration: The sub-plans of all corporate and specialist departments must be coordinated.

Integration of partial planning

• Corporate planning at a glance: Objects, sub-plans and participants.
• Driver-based planning as a means of integrating different specialist departments.
• Planning methods: top-down planning, bottom-up planning, counterflow method, zero base budgeting.
• Coordination with other planning: Liquidity planning, project planning, investment planning, standard costing, etc.

Budget control and management

• The budget has been approved! - What now?
• Dealing with budget supplement and carryover to the next year.
• Budget tracking and reporting.
• Special case of "zero base budgeting".

IT support for budgeting

• Recommendations for the selection of planning and budgeting IT.
• Overview of software categories.

Recommendations for implementing an individual budgeting concept

• Stocktaking: What is criticized about the current budgeting processes?
• Modular principle: Which methods help to solve which problem?
• Procedure: What is the best way to get there?