Dates: 30 Nov - 3 Dec 2026
Venue: Munich, Germany
The modern business environment is characterised by highly dynamic markets, fluctuating resource costs, increasing demands for capital efficiency, and the need to respond swiftly to external and internal changes. In these circumstances, the traditional approach to budgeting, based primarily on planning income and expenditure, no longer provides companies with sufficient flexibility or the quality of management decisions required.
Strategic planning and budgeting are increasingly becoming interlinked tools for business management. A financial model must not only reflect the company’s current performance indicators but also enable the assessment of various development scenarios, the forecasting of cash flows, the analysis of the sensitivity of key performance indicators, and the consideration of the impact of financial, operational and strategic risks.
Cost management and its relationship to the creation of company value are of particular importance. Understanding the cost structure, the factors driving costs and their impact on financial results enables managers to identify opportunities for improving efficiency, allocate resources effectively and make decisions focused not only on reducing expenditure but also on increasing the long-term value of the business.
An additional challenge for finance directors and specialists is the need to account for uncertainty when drawing up budgets. Scenario modelling, sensitivity analysis, risk assessment and the establishment of appropriate provisions help to enhance the resilience of financial planning and prepare the company for various possible outcomes.
This training course is designed to develop a comprehensive, practical approach that integrates strategic management, budgeting, financial modelling, cost management and risk management. The tools provided will enable participants to improve the quality of their financial planning, the soundness of their management decisions and the resilience of their business in a changing economic environment.