Strategic Planning, Budgeting & Cost Control
Available Online
The first upcoming dates or use "All Dates"

Dutch 14 October 2024 - Agoria Bluepoint Antwerp BE - Antwerp (Price: 840 Euro )
English 12 November 2024 - NH Collection Brussels Centre BE - Brussels (Price: 840 Euro )
Dutch 06 December 2024 - Pillows Grand Hotel Reylof BE - Ghent (Price: 840 Euro )
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PROGRAM OUTLINE for this 1 day course in English

The managers most likely to succeed in today’s business environment are those who understand how to use budgets as business tools for company, departmental and personal success.

3 Steps of analysis you need to undertake when building budgets.

1. Analyse the context of the evolving industry, world, and corporate strategy.

  • Budgeting is not just about your plans, but your plans put into context with corporate strategy, the changing industry, and the world around us.
  • Use environmental analysis techniques to become more productive.
  • Use industry and competitive analysis techniques to keep pace with what the industry is doing.
  • Understand the value chain of your organisation and where key budgets should be assigned to.
  • Understand that budgeting is about target settings, therefore your strategy.  


2. Analyse your budget requirements and understand the “fit” with corporate budgeting.  

  • Understand how corporate budgeting works and how your budget fits in the whole framework to make better business decisions.  
  • Learn how your budget contributes to the overall profits and meeting strategic objectives.   
  • Learn which techniques to employ, the challenges, and what to incorporate into your budget.
  • Decide on incremental, zero-based or rolling based budgeting.
  • Understand that budgeting is the most important process in the organisation to ensure profitability.
  • Budgeting should not be seen in isolation but in conjunction with all managers and corporate objectives.  


3. Analyse and decide on a cost management structure and use your budget as a performance evaluation tool.

  • Use your budget as a performance measurement instrument.
  • Learn that your costs can be optimised and viewed from different perspectives.
  • Agree on direct and indirect costs and maintain these regularly.
  • Understand that these costs form the basis of price settings.
  • Decide on fixed versus variable costs and build a flexible business model.
  • Optimise the breakeven point, the point when products and projects become profitable.     

The learning outcome

By the end of this 1-day training course, you will have understood the role and principles of budgeting. Have confidence in using budgeting tools and techniques and have learned how to create budgets, understand budgeting terminology and learn how to analyse budgets.

It covers in detail how the tools and techniques of successful budgeting and budgetary control are applied within the overall planning framework to ensure that organisational goals are met.

You will learn about:

  • Strategic planning, budget setting, performance measurement
  • Full costing, marginal costing, and activity-based costing (ABC)
  • Operating budgets, cash budgets, capital budgets, and master budgets
  • Fixed budgets, flexed budgets, and variance analysis
  • Continuous performance improvement
  • Learn to think strategically and prepare successful financial plans and budgets and determine the financing requirements of the organisation
  • Comparing fixed and variable costs, direct and indirect costs, and the use of contribution accounting. 
  • Use the appropriate techniques of forecasting sales and costs, and sales pricing, and preparation of departmental budgets, the master budget, and cash budgets.


Recommended background

This course provides training for budgeting managers and anyone who contributes or needs to evaluate budgets and forecasts. No entry requirements are needed. 

Course format (Residential and Online) 

This course will be taught using a combination of formal instructions, combined with practical and interactive exercises and case studies used to reinforce the concepts taught in each section of the course. Case studies include critique of conventional budgeting techniques, real-world examples of problems and best practice guidelines.

Practice-based learning and critical engagement is a key theme through all our courses allowing delegates to acquire the needed skills and techniques to be applied as soon as they are learned and developed.


Day 1:  


  • Exploring the role of budgeting in planning
  • The decision making
  • The resource allocation
  • The controlling performance


  The key budgets

  • The sales budget and income budget
  • The production budget
  • Capital expenditure budget
  • The master budget


  Budgets as planning and control tool

  • Budgeting and controlling
  • The functions and benefits of budgets
  • Criticism of budgeting
  • Budgets and planning
  • Limiting factors
  • The cycle of planning
  • Procedures and structures


  Budget methods

  • Budgetary methods
  • Budgets and people
  • planning versus reality
  • Flexible budgeting


  Variance analysis

  • Types of standards
  • Calculating variances
  • Advantage and disadvantage of variance analysis


  From costing to strategising

  • Management accounting
  • Costing tools


  Full costing

  • Direct and indirect costs
  • Charging costs to more than one output cost determination.


  Contribution costing

  • Fixed and variable Costs
  • Making a contribution
  • Contribution to sales ratio in decision making
  • Dealing with contribution


  Break even analysis

  • Break even analysis
  • Beyond the break-even point
  • Charting and the margin of safety
  • Stepped costs
  • Break- even assumptions and limitations.


  Making financial decisions

  • Relevant and non-relevant costs
  • The internal and external dilemma
  • Costing in pricing decisions
  • Cost-plus pricing and rate of return pricing.


  Activity Based Costing

  •  The challenge of charging overhead costs to products and services.




All Course Dates



When: 14 October 2024

Where: Agoria Bluepoint Antwerp Filip Williotstraat 9, 2600 BE - Antwerp, Belgium
Strategisch plannen, budgetteren en kostenbeheer in: Dutch

Timing: From 09:00 till 17:00
Price: 840 Euro  (VAT Exclusive)
Early booking discount: A 10%  discount will be applied if you register before or on 15/08/2024


When: 12 November 2024

Where: NH Collection Brussels Centre Boulevard Adolphe Max. 7, 1000 BE - Brussels, Belgium
Strategic Planning, Budgeting & Cost Control in: English

Timing: From 09:00 till 17:00
Price: 840 Euro  (VAT Exclusive)
Early booking discount: A 10%  discount will be applied if you register before or on 13/09/2024


When: 06 December 2024

Where: Pillows Grand Hotel Reylof Hoogstraat 36, 9000 BE - Ghent, Belgium
Strategisch plannen, budgetteren en kostenbeheer in: Dutch

Timing: From 09:00 till 17:00
Price: 840 Euro  (VAT Exclusive)
Early booking discount: A 10%  discount will be applied if you register before or on 07/10/2024

Participant feedback

  • Great course going into important details on cost and budgeting. I really liked the real-world examples that help reinforce and bring the concepts to an everyday audience.
  • An excellent course of the core topics indeed! I found it very informative & concise in terms of mastering the basics of Budgeting, Cost Estimations & scheduling with an hands-on approach from industry experts. Thank you Team!
  • A pleasant and knowledgeable instructor with a lot of interaction among participants.
  • In my opinion this is a very recommendable course. It's worth all the time one spend with it. The explanations are very good an also understandable for non-native english speakers.

Learn the way that suits you most!

Course Lecturers

Maureen Whitehead-Lausman, MBA

19 years associate lecturer in Financial Strategy and Corporate Strategy for a triple accredited global business school. 20 years’ experience developing and delivering training programs for large and medium sized companies including in Germany, China, USA, Singapore, Ethiopia, South Africa, Russia and Romania. Corporate finance, value based management and finance for non-financial managers at middle and senior management level are a particular interest.  

Dr. Johannes Hofinger, MBA, FRM

Dr. Johannes Hofinger is specialized in Risk Management, Basel III, IFRS and regulatory reporting. His professional skills are reinforced by strong academic roots. He lectures for global business schools in corporate finance, managerial accounting and financial reporting. The main roles undertaken are lecturing, consulting and project management.  

Bruno Bosch, MBA

Bruno Bosch has over 25 years of experience in international financial management. He has held a number of CFO positions in US and Belgian based companies. He has large experience with M&A, international financial reporting, financing, private equity, financial engineering and international tax planning. He also lectured at MBA level in “Corporate Financial Strategy” and “Accounting” in Brussels, Paris, Zurich and The Hague for a triple accredited global business school for over 15 years. He is also author and co-author of several books on company valuation, investments and tax management  

Not convinced yet? Register to one of our "Free Online Open Event".
If none listed, request a seminar or personal talk

Books we studied for you

Managing Budgets - Stephen Brookson
Managing Budgets - Stephen Brookson

Forecasting, expenditures, priorities, and safety margins. Learn all you need to know about the budgeting process, from preparing a forecast to monitoring variances and making adjustments. Managing Budgets gives you a clear understanding of the budgeting cycles and explains standard concepts and terms. It shows you how to create a personalized budgeting system, anticipate revenues and estimate expenditures, correct errors, and motivate staff to achieve financial targets.  

Budgeting for Managers - Sid Kemp, Eric Dunbar
Budgeting for Managers - Sid Kemp, Eric Dunbar

Managers in all types of organizations and environments must be able to prepare, or at least understand, a realistic and results-oriented budget. Budgeting for Managers--rich in practical techniques and examples--walks the reader through the entire budgeting process, from basic financial concepts and their use in creating a budget to methods for tracking actual spending.  

Practical Financial Management: A Guide to Budgets, Balance Sheets and Business Finance - Colin Barrow
Practical Financial Management: A Guide to Budgets, Balance Sheets and Business Finance - Colin Barrow

Entrepreneurs need to be financially literate. The most common cause of business failure is poor financial control stemming from an ignorance of the basics of business finance. "Practical Financial Management" is intended to help those who find business finance confusing. Now in its seventh edition, it continues to provide advice on proper financial planning and control, and reinforces essential points through the use of questions within each section.  

Companies who attended our courses


AG Insurance
Allianz Benelux
Argenta NV
AXA Belgium
Baloise Insurance
Banca Monte Paschi Belgio S.A.
Bank De Groof
Banking Association (Kosovo)
Belfius Investment Partners
BNP Paribas Fortis
Bpost Bank
Buy Way
CBC Bank
Celio Finance SPRL
Delen Private Bank
Delta Lloyd Life
Deutsche Bank AG
DKV Belgium
Ethias SA
Euler Hermes Services
Euroclear Bank SA/NV
Euroclear Investments
Europ Assistance
European Investment Bank - EIB (Luxembourg)
European Union - EDFIMC / ElectriFI
Flanders Investment & Trade
Gras Savoye Belgium
Incofin Investment Management
ING Bank België
KBC Bank
Ministry of European Integration (Kosovo)
National Bank of Belgium
NN Insurance Belgium
Record Bank
Société Générale Private Banking
The Royal Bank of Scotland (RBS)
Triodos Bank
VGD International -Audit & Tax
Wolters Kluwer Financial Services
Zurich Insurance plc, Belgium branch
Vanbreda International
Afton Chemical SPRL
Air Liquide
Allnex Belgium SA/NV
ANL Plastics
Arcelor Mittal ( Belgium & Luxembourg)
Axalta Coating Systems 
BASF Antwerpen
BASF Belgium Coordination Center
Beaulieu International Group
Borealis Polymers NV
Bridgestone Europe SA
CNH Industrial Belgium NV
Cofely Fabricom
Cytec Belgium
DOMO Chemicals (Germany)
Dow Corning
Electrolux Appliances AB - EMA- EMEA (SEE)
Engineered Pressure Systems International
European Owens Corning Fiberglas
Fost Plus
GDF Suez
Griffith Foods
Hamon & Cie
Heraeus Electro-Nite International NV
Jacobs Belgium
Milliken Europe
Niko Group
NXP Semiconductors - Prodis  (Netherlands)
SPX Cooling Technologies
Synventive Molding Solutions (Germany)
Vinçotte International
VPK Packaging Group NV
Yara Belgium NV
Antwerp World Diamond Centre
AVEVE Biochem NV
Carrefour Belgium
Delhaize Corporate Group
Abbott Logistics B.V. (Netherlands)
AbbVie (Canada)
Agfa HealthCare NV
AZ Sint-Blasius
Baxter International (Austria)
Catalent Pharma Solutions
CinnaGen (Tehran)
Datwyler Pharma Packaging International
Groep OZ ESV
Landelijke Christelijke mutualiteit (LCM)
Mutualités Libres: MLOZ
Novartis Pharma
SA Bristol- Myers Squibb Belgium NV
Stryker (Netherlands)
Terumo BCT Europe NV
Zorgbedrijf Antwerpen
AW Europe
Belgian Nuclear Research Centre (SCK-CEN)
Corelio Printing
De Persgroep Publishing nv
EDF Luminus
Elia System Operator
Engie Electrabel NV/SA
Eni Gas & power
Fluxys Belgium
Itineris NV
Agentschap Innoveren en Ondernemen
Europees Parlement
Ministry of European Integration
National Agency for Protection of Personal Data
Nationale Loterij
SD Diensten NV (SD Worx)
SESAR Joint Undertaking
Stad Antwerpen
Stadsbestuur Harelbeke
Syntra Brussel
UGent - FBW
Vrije Universiteit Brussel (VUB)
Acturus sprl
ARC Europe
BIA Africa
Bia Overseas
Brooser BE Operations 
Cipal Schaubroeck
Computer Task Group
Deloitte Accountancy
Egemin International
Enhesa International
FIS (former Clear2Pay)
Interel Group
K&L Gates
Matexi NV
Pricewaterhouse Coopers
PwC Tax Consultants
Vinçotte International sa
Alstom Belgium
ARC Europe 
Brussels Airport Company
De Lijn
D'Ieteren Auto
Gemeentelijk Havenbedrijf Antwerpen
Globachem nv
GSC Greensea Chartering 
HONDA Motor Logistics
Neovia Logistics
PSA Antwerp nv
Retail & Wholesale
Seatrade Reefer Chartering
Thalys International
Trimble T&L
Volkswagen Group Services
Wallenius Wilhelmsen Logistics Zeebrugge NV
Witzenmann Benelux nv

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