29 Sep - 3 Oct 2024
Cairo (Egypt)
Hotel : Holiday Inn & Suites Cairo Maadi, an IHG Hotel
Cost : 3250 € Euro
This comprehensive training program has been meticulously crafted by Global Horizon Training Center to meet the advanced needs in commercial and budget management roles. With the ever-evolving complexities of modern business environments, professionals at this level are required to have a thorough understanding of both commercial operations and budget management. This program will equip participants with the essential tools and strategies to ensure smooth commercial activities while maintaining strict budgetary control.
Through expert-led sessions, this training will focus on a variety of key topics, including cost management, financial forecasting, contract negotiations, procurement strategies, and budget optimization. Participants will gain insights into how to balance financial discipline with the flexibility needed to drive business growth and innovation. Real-life case studies and interactive activities will provide a practical understanding, enabling participants to implement these concepts effectively in their day-to-day operations.
The program is tailored to the responsibilities of Senior Associates, who are often the bridge between operational teams and executive management. As such, the program addresses both the strategic and operational aspects of commercial and budget management. Each session has been structured to deepen participants' understanding of their critical role in driving financial success within their organizations, while also fostering cross-functional collaboration and leadership.
Enhance participants’ understanding of commercial operations and budget management.
Equip participants with advanced techniques for financial planning, forecasting, and control.
Improve contract management and negotiation skills, with a focus on value optimization.
Foster strategic thinking in budget allocation to balance growth and cost efficiency.
Provide practical tools to ensure effective cost management and risk mitigation.
Enable participants to develop actionable insights for their respective commercial and financial roles.
Mid-level professionals responsible for managing business units or divisions.
Commercial managers looking to improve their financial oversight and decision-making.
Finance professionals seeking to integrate commercial strategies into budget planning.
Senior Associates in commercial and budget management roles.
Procurement and operations managers who collaborate closely with commercial and financial teams.
Project managers with financial and commercial responsibilities.
Strategic planning professionals looking to enhance their budgetary and commercial skills.
Day 1:
Commercial Operations and Strategic Budgeting
Understanding the Link Between Commercial Operations and Budgeting
The role of Senior Associates in commercial and financial alignment
Analyzing the importance of strategic budgeting in commercial success
Best practices for developing commercial strategies that drive financial performance
Day 2:
Financial Planning and Forecasting for Commercial Success
Advanced Financial Planning and Budget Forecasting Techniques
Financial forecasting tools and their applications in commercial environments
Developing actionable budgets and aligning them with business objectives
Scenario planning and variance analysis for commercial activities
Day 3:
Contract Management and Negotiation Strategies
Optimizing Contract Terms to Maximize Commercial Value
Understanding the financial implications of contract terms and conditions
Advanced negotiation strategies to improve value and reduce risks
Managing commercial relationships through effective contract management
Simulation: Contract negotiation with a focus on budget optimization
Day 4:
Cost Management and Risk Mitigation
Techniques for Effective Cost Management and Reducing Commercial Risks
Identifying and managing commercial risks through financial control
Cost optimization strategies and maintaining profitability
Implementing control measures to ensure budget compliance
Day 5:
Driving Financial and Commercial Performance
Balancing Growth and Financial Discipline
Strategies for balancing budget control with business growth
Creating financial reports that drive decision-making
Leveraging financial data to improve commercial performance
Final workshop: Developing a commercial and budget strategy for a real-world scenario