and uncertainty on decision-making
in forecasting and decision making
models & working with rolling budgets
This course helps participants understand the challenges created by uncertainty in the business environment and its impact on budgeting and forecasting processes. Participants will develop practical skills in forecasting techniques and learn how to apply them effectively to support informed business planning and reduce the impact of risk. The course also explores the integration of risk and uncertainty into capital budgeting and investment decision-making.
Everything you need to know
Those who currently have, or in the future will have, extensive involvement in budgeting and project decision-making will find this course very useful,, as it provides exposure to the issues involved in preparing forecasts. It will also provide middle and senior management with an understanding of how forecasting models and techniques work and provide a broader view of how forecasts are developed, thereby helping them to assess the effectiveness of techniques currently used within their organisations
6 hours (this is run as 2 sessions of 3 hours each or as one full day of 6 hours)
- Understanding the impact of risk and uncertainty on decision-making
- Commonly used measures and metrics for risk
- Use of decision trees
- Use of probability and expected values in forecasting and decision making
- Assessing the effectiveness of forecasting models & working with rolling budgets
- Regression analysis and its use in forecasting
- Using time Series analysis in forecasting
- The concept of learning curves and their impact on forecasting
- Measuring financial risk in project decision-making
- Sensitivity analysis and simulation in capital budgeting
Equip your team with financial mastery
Give your teams the ability to understand numbers, evaluate performance, and contribute to better financial decision-making. Our programmes are built to bridge knowledge gaps and strengthen financial awareness across functions.
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