1 Day Workshop on Building & Managing Budgets for an Effective Business/Projects 
Introduction: WWBS 4 Pillars Methodology Pte Ltd interactive course will address how a budget is crucial for a business to achieve its profit goals. A business is never static, and its budget should not be either, so to ensure that a dynamic budget is developed, and then actively managed during the financial period, is essential to help keep the business/project on course. Objectives: Budgets can however be difficult to plan and maintain– unexpected events, cash flow or supply chain problems are just some of the issues that can all reap havoc with even the most thoroughly planned business budgets. Another problem is that many of businesses set budgets at the beginning of the year, and then file them away until the year-end rolls around once more instead of actively managing, maintaining and, where necessary adjusting, budgets and/or income & expenditure on a progressive basis. This course will cover the above areas following key areas: - Why are budgets so important
- Why the budget must be updated regularly
- Why and how to make changes to the budget that can have a positive impact
- Why, and how to, respond to unexpected changes
- Outcomes
By the end of the 1 day course Participants should be able to discuss and demonstrate:
 - How to consult the budget before funds are committed. Look first, then commit.
- Why a business should not look to spend more than is in the budget or, if it must, the budget is adjusted and the outcome is well understood.
- When a business needs to spend money for an unbudgeted item, how, why and when to adjust the budget. This is called a trade-off.
- If revenue does not develop as planned, when and how to reduce spending accordingly. The budget is about the bottom line.
- Why not to spend ahead of time. If a business must advance spending before originally planned, why and how other items could/should be postponed until the business can catch up. This is another trade-off.
- If the business inadvertently overspends, why it should drop something else that is in the budget – or at least defer it until the business can make up the difference. This is another form of trade-off,
Course Outline: - Why Are budgets so important
Budgets are enormously important to the operation of a business; not only do they help it manage and better understand costs, but they also help determine whether the businesses profit goals are within reach and help keep it on the correct path from one period to another. - Why the budget must be updated regularly
If the businesses budget is going to work properly then plan on revisiting it on a regular (generally monthly) basis with the management team and update it based on business performance and expenses for the prior month. - Why make changes that can have a positive impact
Based on the monthly review, make changes to the budget and then observe closely to see what impact these have to income and profits – by month and by year. What about receivables? Are there ways the business can speed up invoicing and payment cycles to keep cash flowing into the business? - Why, and how to, respond to unexpected changes
Use budget actively to help the business adjust to unexpected events. In all the above the 4 Pillar Methodology is used by using an existing business and/or a new business/projects Who should attend: Start Up owners and Managers with budget responsibilities, who are interested in developing or improving their budget planning skills. Unique Features: WWBS facilitators have worked with large and small companies, including some of the largest multinationals, and have vast experience in preparing and managing projects and businesses and ensuring that comprehensive and appropriate budgets are established and communicated to all involved. Businesses and Managers need to control the bottom line and budgeting is the first step.
 - Take the time to do it right. A budget is not a sales forecast put together on the weekend to impress the bank. It must be the result of coordinated input and effort by the management team. Making a budget is a project that requires time and thought, just like any other project that a company undertakes.
- Practice. Regardless of how tough it may be to estimate the future, forecasting accuracy will improve, and the business will become better able to control the results if it actively uses a budget.
- Do not think that your company is the exception. A budget can be developed for any business. Strike a balance between the time invested and forecasting accuracy.
Facilitator: Dr Luuk van Breda has more than 35 years' experience running projects in the fields of Business Management, Project Development and Implementation. His work has taken him across all five continents working on projects ranging in size from USD 5 million to USD 350 million. In the Asian region, Dr van Breda has worked on projects for the Asian Development Bank (ADB) and World Bank while stationed in Indonesia (5 years), Philippines (3 years), Thailand (3 years) and Singapore (10 years). Dr van Breda has also worked on projects in the Middle East, Africa and South America. He has a deep understanding of regional markets and his professional experience with organisations of all sizes, from SMEs to large domestic and international corporates in both the private and public sector ensures that Dr van Breda has a strong understanding of all the major business drivers. Dr van Breda has spent the last 4 years creating, developing and delivering a sophisticated and detailed training methodology built around the 'Four Pillars' of - Communication
- Negotiation
- Presentation and
- Listening Skills
which are aimed specifically at enhancing performance in: - Educational Institutions, from Graduate to Board Room, bridging the gap between the educational and corporate worlds
- SMEs, Local, National and International interactions and operations.
- Sports Federations and those seeking "second chance" options.
- Corporates, interaction and improved work environments, which will improve Employee Satisfaction, increase productivity and corporate growth & profitability
- Specialties: Business performance improvement, strategy development and implementation, well developed communication & presentation skills, organisational and capability skills, team development, development and delivery of training programmes in educational institutions and commercial organisations.
Dr van Breda is an accomplished public speaker and is highly experienced in running and organising discussion seminars on topics related to doing business in a rapidly changing world. Prior to moving into the financial world with the Asian Development Bank, Dr van Breda gained his formal academic qualifications in The Netherlands. Prior to this, Dr van Breda was a professional sports player and managed football, baseball and field hockey teams. In House Customized Training We deliver customized designed courses that are tailored to your organizational needs. Our professional trainers are domain experts with extensive international experience. Do contact us today @ 6278 9785/ training@360degrees.com.sg for no-obligation training needs assessment, we will work in partnership with you to identify needs, develop training and find instructors that best fit your business environment. | 
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