In a rapidly changing business environment, annual, static budgets are becoming obsolete. The modern approach requires financial agility, and that's where rolling forecasts and dynamic budgeting come in. These methodologies empower organizations to move beyond fixed plans and create flexible financial models that reflect current market conditions and strategic shifts in real time. This course will equip you with the knowledge and tools to implement these cutting-edge techniques, transforming your financial planning from a rigid exercise into a continuous, value-adding process that enhances business resilience.

This comprehensive program is designed to provide practical, hands-on experience in building and managing rolling forecasts and dynamic budgets. We will explore how to integrate these practices with your strategic goals, leverage technology for greater efficiency, and communicate the benefits to leadership and stakeholders. By the end of this training, you will be able to lead the charge in creating a more responsive and forward-looking financial culture, enabling your organization to make faster, more informed decisions and capitalize on emerging opportunities.

Duration

5 days

Target Audience

• Financial planning and analysis (FP&A) professionals
• Corporate controllers
• Strategic business analysts
• Senior finance managers
• Business unit leaders
• Directors and C-suite executives
• Budgeting and forecasting specialists
• Financial consultants
• Operational managers
• Anyone involved in a company's planning cycle

Objectives

• Master the principles of rolling forecasts and dynamic budgeting.
• Develop an agile framework for continuous financial planning.
• Analyze key business drivers to create more accurate forecasts.
• Transition from traditional budgeting to a more dynamic approach.
• Implement technology to automate forecasting and reporting processes.
• Align financial forecasts with strategic business objectives.
• Communicate forecast results effectively to senior leadership.
• Measure and report on the value and impact of dynamic budgeting.
• Foster a forward-looking, data-driven culture within the organization.

Course Modules

Module 1: The Case for Agile Financial Planning

• Understanding the limitations of traditional budgeting.
• Defining rolling forecasts and dynamic budgeting.
• Key benefits of a continuous planning approach.
• How agile finance enhances strategic decision-making.
• The role of technology in enabling agility.

Module 2: Building and Implementing Rolling Forecasts

• Defining the forecast horizon and cycle.
• Selecting key performance indicators (KPIs) and business drivers.
• Step-by-step guide to building your first rolling forecast.
• Tools for data collection and analysis.
• Integrating a rolling forecast into your monthly close process.

Module 3: Dynamic Budgeting Methodologies

• How to shift from static to flexible budget allocations.
• Zero-based budgeting principles in a dynamic context.
• Event-based and driver-based budgeting models.
• Scenario planning and stress testing.
• Managing resources in an ever-changing environment.

Module 4: Technology and Automation

• Overview of modern planning and analysis software.
• Leveraging data analytics and business intelligence (BI) tools.
• The role of cloud-based platforms.
• Automating data feeds and report generation.
• The future of AI and machine learning in forecasting.

Module 5: Strategic Integration and Alignment

• Linking rolling forecasts directly to corporate strategy.
• Communicating strategic priorities through the forecast.
• Using forecasts to evaluate strategic initiatives.
• The importance of alignment between finance and business units.
• Ensuring accountability in a dynamic planning cycle.

Module 6: Change Management and Communication

• Developing a communication plan for stakeholders.
• Training teams on new processes and tools.
• Overcoming resistance to change.
• Presenting forecast insights to leadership.
• Building a culture of financial literacy and transparency.

Module 7: Advanced Topics and Case Studies

• Implementing a rolling forecast in a large enterprise.
• The challenges of global implementation.
• Real-world success stories and lessons learned.
• Continuous improvement for your forecasting process.
• Workshop: Building a dynamic model for a case study company.

Training Approach

This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.

Tailor-Made Course

This course can also be tailor-made to meet organization requirement. For further inquiries, please contact us on: Email: info@skillsforafrica.org, training@skillsforafrica.org Tel: +254 702 249 449

Training Venue

The training will be held at our Skills for Africa Training Institute Training Centre. We also offer training for a group at requested location all over the world. The course fee covers the course tuition, training materials, two break refreshments, and buffet lunch.

Visa application, travel expenses, airport transfers, dinners, accommodation, insurance, and other personal expenses are catered by the participant

Certification

Participants will be issued with Skills for Africa Training Institute certificate upon completion of this course.

Airport Pickup and Accommodation

Airport pickup and accommodation is arranged upon request. For booking contact our Training Coordinator through Email: info@skillsforafrica.org, training@skillsforafrica.org Tel: +254 702 249 449

Terms of Payment: Unless otherwise agreed between the two parties’ payment of the course fee should be done 7 working days before commencement of the training.