Team Development 06 – Planning Budgeting and Forecasting

Welcome to the Planning Budgeting and Forecasting module in your GrowCFO Finance Team Development Programme. This module has been specifically designed to help all finance team members contribute towards the PB&F activities within your finance team and to understand the range of different tools and techniques that are available.

Finance teams play an important role in business planning. They can support the business with financial models and data analysis. The finance team will drive the budgeting process, and this needs to be done in as effective a way as possible. Budgeting is a great draw on time not just in the finance team but right across the business so budgets need to be prepared efficiently.

In this module, we will cover:

• Business planning and strategy creation
• The budgeting process
• Creating investment cases
• Building financial models
• Allocating capital
• Monitoring budgets
• Managing outcomes