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Classroom
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Virtual
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0
Elearning
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0

AVAILABLE MODE

Classroom

Y

Virtual

Y

Elearning

Y

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FORECASTING

Brief Overview

Forecasting is the process of making statements about events whose actual outcomes (typically) have not yet been observed. A commonplace example might be estimation for some variable of interest at some specified future date. It is a very important aspect for organizational development and growth for employees to be able to make effective and accurate forecasting based on data available

OBJECTIVES OF PROGRAM

+Learn the objectives and techniques of forecasting
+Understand the difference between cash flow and profit
+Prepare forecasts using different sources of information
+Understand the factors to consider when performing forecasts
+Learn the Dos and Don’ts of forecasting
+Understand and prepare a cash flow forecast
+Understand the basics of capital expenditure forecasting
+Update forecasts for actual results and evaluate actual results against forecasts
+Learn how to monitor, report and make decisions based on forecasts
+Use forecasting as a performance measurement tool
+Prepare a forecast (comprehensive case study)
+Failure forecast

METHODOLOGY:

Multiple Case Studies and Applications, Interactive group work.

Who is the course for?

Entrepreneurs, line managers, project leaders, persons involved in budgeting and forecasting or persons who use budgets and forecasts