Budgeting in a Low Oil Price Environment 2016

When the oil price started dropping, the governments and businesses in most GCC countries began to tighten their belts and reduce spending. Senior executives began to monitor budgets and expenses much more closely, as they began to see a drop in revenue. Budgeting is a key management tool, and knowing how to manage a budget effectively can improve decision making in organisations. This two day course will provide participants with the techniques and best practices for preparing and managing budgets effectively, with a particular focus on cost management and cost reduction strategies that will help organisations cope in a fluctuation oil price environment. Key outcomes By the end of this course, participants will: - Understand the budgeting and planning process and how it translates into annual budgets - Discover principles, approaches and techniques of budgeting, and much more...