Course Description

This practical and highly-interactive course includes real-life case studies and exercises where participants will be engaged in a series of interactive small groups and class workshops. This course is designed to provide participants with a detailed and up-to-date overview of strategic planning, management control and effective budgeting. It covers the corporate strategy planning including fire forces analysis, SWOT analysis, segmentation and segment attractiveness, value chain and cost analysis and scenario analysis; the strategy and its key desired opportunities and set business objective; the options and the target segments, positioning and advantages; evaluating options and predicting competitor response; and the alternative strategies by setting strategies and analysis of SCRS. Further, this course will also discuss the resourcing by integrating key initiatives into business operations forecast and define organization structure and leadership; the detailed operations plans and expense budgets for business units as well as defining reporting requirements; the project planning composing of key concepts, project management, role of project manager, general planning and life cycle phases; and the planning and control cycle, project initiation, statement of work, project specification, project stakeholders, project staffing, project communications and reporting frequency.During this interactive course, participants will learn the scope management, project planning steps and control cycle; the scope planning, scope definition, scope verification, scope change control and project closeout ; the work breakdown structure (WBS), method of sub-division, WBS templates, WBS levels and estimating; the various types of budgets, operating and capital budgets; the budget methods such as incremental budgeting, zero based budgeting, forecasting & etc.; the alignment between business plan and budgets and the different budgets merge into each other and methods budgeting; the roles and area of responsibility or project for which the budget is required; and the costing in budgeting and the difference between capital and operating expenditure. Moreover, the course will also cover the fixed and variable costs, fixed assets register, activitybased costing and tools used for budgeting; the critical path method, project scheduling, network diagram, CPM key concepts, logical relationships and errors; the calendar/work pattern, critical path method steps, forward and backward pass; the resource planning, estimating forecasting, loading and smoothing as well as classify time and limited resource scheduling; the cost control and management including its tool, project cost control systems, cost accounts, cost coding systems, project cost code structure and cost accounts for integrated project management; the earned value method, labor data collection from payroll, charges for indirect and overhead expense, project indirect costs and fixed overhead; the risk management programs and manage anticipated and unanticipated risk at site; and application of controls and manage level reporting by project manager.

TRAINING METHODOLOGY

This interactive training course includes the following training methodologies:

30 % Lectures
20 % Workshops & Work Presentations
20 % Case Studies & Practical Exercises
30 % Videos, Software & Simulators

In an unlikely event, the course instructor may modify the above training methodology for technical reasons.

VIRTUAL TRAINING (IF APPLICABLE)

If this course is delivered online as a Virtual Training, the following limitations will be applicable:

Certificates	:	Only soft copy certificates will be issued
Training Materials	:	Only soft copy materials will be issued
Training Methodology	:	80% theory, 20% practical
Training Program	:	4 hours per day, from 09:30 to 13:30