Date: | October 6, 2017 - 10:00am - 11:00am |
Timezone: | (GMT-05:00) Eastern Time (US & Canada) |
Location: | Online Event, Fremont, CA, 94539, United States |
Website for Event: | http://www.trainhr.com/control/w_product/~product_id=701853LIVE/?channel=selfgro... |
Topic: | Change Management |
Description: | The TrainHR Course is approved by HRCI and SHRM Recertification Provider. The budget exercise is often scorned as being obsolete soon after it is produced, and biased toward politically muscled managers who know how to overstate and "pad" their budget request. To complicate matters, traditional budgets are typically incremented or decremented by a small percent change from each cost center's prior year's spending level, but "use it or lose it" behavior by managers in the last few months of the fiscal year to unnecessarily pump up their prior year's costs and serves to confuse analysis of who really needs what. Some organizations revert to rolling financial forecasts, but these projections may include similarly flawed assumptions that produce the same sarcasm about the annual budgeting process. Two components of the enterprise and corporate performance management (EPM / CPM) framework, strategy maps and activity-based costing principles, can be drawn on to resolve these limitations. Ideally, the correct and valid amount of future spending for capacity and consumed expenses should be derived from two broad streams of workload that cause the need for spending-demand-driven and project-driven.Demand-driven expenses are operational and recurring from day to day. Their requirements are typically from customers. In contrast, project-driven spending is nonrecurring and can take from days to years in time duration. Event link : http://www.trainhr.com/control/w_product/~product_id=701853LIVE/?channel... |
Contact Name: | NetZealous LLC, DBA TrainHR |
Contact Email: | trainhr1@gmail.com |
Contact Phone: | 800-385-1627 |