2016 - Budgeting in a Low Oil Price Environment

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
- Understand the effect of a challenging economic environment on budgets
- Optimise planning of resources to achieve budgeted targets
- Differentiate between value generating and value-eroding costs
- Explore cost reduction options (strategic, tactical, operational)
- Discuss the impact of fluctuating oil prices on budgeting
For additional details contact us at +974 4419 2761 or trainedbypwc-AT-ae.pwc.com
Price: Standard: USD 1800
Time: 8:30 am to 3:30 pm