An Interactive 5-Day Training Course

Budget Preparation and Planning

Developing Effective Budgets for Strategic and Operational Success

Budget Preparation and Planning

Course Overview

Preparing a well-structured, accurate budget is vital for aligning financial resources with an organization’s strategic objectives. Budget Preparation and Planning is a 5-day training course designed to guide finance professionals, managers, and team leaders through the process of creating, implementing, and monitoring budgets. By the end of this training course, participants will have the practical knowledge and skills to develop budgets that balance strategic vision with operational realities, ensuring that resources are effectively allocated to drive growth and maintain financial discipline.

By the end of this Budget Preparation and Planning training course, participants will have confidence in setting up structured budgets, forecasting with precision, allocating resources effectively, monitoring performance diligently, and adjusting strategies in response to evolving needs—ultimately driving better financial outcomes and achieving organizational success.

This GLOMACS training course will highlight:

  • Comprehensive Budget Structuring
  • Data-Driven Forecasting and Analysis
  • Resource Allocation and Prioritization
  • Variance Analysis and Corrective Action
  • Stakeholder Engagement and Communication

Training Objectives

  • Understand fundamental principles and stages of budget preparation.
  • Develop accurate revenue and cost projections based on data and organizational goals.
  • Implement strategic allocation methods to optimize resource distribution.
  • Monitor budget performance using variance analysis and corrective actions.
  • Communicate budget plans and outcomes effectively to stakeholders at all levels.

Who should Attend?

  • Finance Managers and Controllers 
  • Department Heads and Team 
  • Project Managers 
  • Business Owners and Entrepreneurs 
  • Aspiring Finance Professionals

About Saudi Glomacs

At Saudi GLOMACS, we specialize in delivering world-class training courses in Saudi Arabia and across various international locations. Our training courses are tailored to meet the unique demands of Saudi Vision 2030 and the Human Capability Development Program, focusing on empowering Saudi citizens and enhancing workforce skills. We offer diverse courses spanning leadership, management, engineering, and technical disciplines to cultivate expertise and drive professional growth. Our flexible learning options—whether in-person, online, or in-house—ensure accessibility and convenience for individuals and organizations alike.

With over 30+ years of experience through the GLOMACS global network, we are committed to delivering innovative, results-driven training solutions. Our expert instructors combine industry knowledge with dynamic teaching methods, fostering practical skill development and long-term career success. By choosing Saudi GLOMACS, you're investing in personal excellence and contributing to the Kingdom’s sustainable economic growth and vision-driven transformation.

Training Outline

DAY 1: Budgeting Fundamentals and Framework
  • Overview of Budgeting: Purpose, Scope, and Benefits
  • Key Principles of Effective Budgeting (Accuracy, Transparency, Accountability)
  • Defining Budget Objectives and Timeframes
  • Budgeting Methods: Incremental, Zero-Based, Rolling
  • Selecting the Right Method Based on Organizational Needs
  • Comparing Budget Outcomes Using Different Methods
DAY 2: Forecasting Revenues and Costs
  • Gathering and Analyzing Historical Data
  • Techniques for Revenue Forecasting (Trend Analysis, Market Insights)
  • Creating Revenue Projections for a Sample Department
  • Cost Structures: Fixed, Variable, and Semi-Variable Costs
  • Cost Forecasting Approaches (Break-Even Analysis, Activity-Based Costing)
  • Balancing Conservatism vs. Optimism in Cost Forecasts
DAY 3: Resource Allocation and Budget Integration
  • Aligning Budgets with Strategic Priorities (Capital vs. Operational Expenditures)
  • Techniques for Prioritizing Competing Projects and Departments
  • Practical Exercise: Allocating Limited Funds Across Multiple Needs
  • Cross-Functional Collaboration and Consensus Building
  • Communicating Budget Rationale to Key Stakeholders
  • Successful Resource Allocation in a Complex Organizational Setting
DAY 4: Budget Execution, Monitoring, and Variance Analysis
  • Implementing the Approved Budget: Key Steps and Timeline
  • Setting Up Systems for Ongoing Budget Monitoring
  • Creating a Budget Monitoring Dashboard
  • Variance Analysis: Identifying Causes, Calculating Variances, and Diagnosing Root Issues
  • Responsive Actions: Corrective Measures and Budget Adjustments
  • Simulation: Performing Variance Analysis for an Ongoing Budget Cycle
DAY 5: Continuous Improvement and Future Budgeting Trends

  • Continuous Improvement Frameworks (Lean, Agile, Rolling Forecasts)
  • Integrating Risk Management with Budgeting (Scenario Planning, Contingency Funds)
  • Designing an Improvement Plan for Next Budget Cycle
  • Emerging Trends in Budgeting (Digital Tools, Data Analytics, Real-Time Dashboards)
Certificates
  • On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
  • Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Accreditation

GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.

All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.

Sessions in Saudi Arabia locations

Venue: Riyadh - Saudi Arabia
Fee: US $5,950
Date: 21-25 Apr 2025
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Venue: Jeddah - Saudi Arabia
Fee: US $5,950
Date: 11-15 Aug 2025
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Venue: Riyadh - Saudi Arabia
Fee: US $5,950
Date: 24-28 Nov 2025
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