Course Overview
Managing Financial Crisis & Supporting Decision Making Course is designed to offer practical support to key decision makers to help them to provide the appropriate response to what may prove to be lasting disruptive changes to the organisation’s fundamental ways of operating, reflected in long established business models. Under these conditions some well-established decision-making techniques are no longer valid and may even prove to be detrimental to the organisation’s ability to survive current crisis and flourish afterwards. This course will highlight where these threats may leave the organisation exposed and how this may be avoided.
Course Duration
5 Days
Who Should Attend
- Financial Managers and Directors
- Chief Financial Officers (CFOs)
- Risk Management Professionals
- Strategic Planners
- Business Continuity Managers
- Corporate Governance Officers
- Senior Executives and Decision-Makers
- Consultants and Advisors in financial and strategic roles
Course Objectives
By the end of this course, participants will be able to
- Understand the nature and dynamics of financial crises and their impact on organizations.
- Identify early warning signals and assess potential risks to prevent financial crises.
- Develop and implement effective crisis response strategies.
- Utilize decision-making tools and techniques to support strategic planning and crisis management.
- Enhance organizational resilience through robust financial planning and risk management.
- Support informed decision-making under conditions of uncertainty and volatility.
- Communicate effectively with stakeholders during a financial crisis.
- Apply best practices in managing financial crises across different industries.
Course Outline:
Module1: Assessing the Potential Impact of the Crisis
- The drivers of business success in normal conditions
- Identifying and balancing stakeholder interests during crisis
- Understanding how effective business models work
- The disruptive impact on business models during crisis
- Identifying opportunities for business model reinvention
- Key aspects of business finance for management attention
- The pressure on conventional financial performance indicators
- Six critical areas for management focus during the crisis
Module 2: Managing Cash Flow, Funding and Liquidity
- Taking control of your cash flow drivers
- Understanding and optimising working capital
- Identifying bottlenecks in order to cash systems
- Protecting customer and supplier relationships
- Mastering cash flow forecasting and modelling
- Ensuring adequate cash resources
- Reviewing funding options and costs
- Identifying sources of emergency funding
Module3: Managing and Reducing Operating Expenses (OpEx)
- Understanding the fundamentals of cost behaviour
- The vital gross margin and break-even relationship
- The critical role of value added analysis in crisis management
- Profit protection and management in a crisis
- Potential weaknesses in traditional cost analysis
- An activity based approach to profit analysis
- Crisis cost reduction the strategic way
Module 4: Managing and Controlling Capital Expenditure (CapEx)
- Capital allocation techniques in a crisis
- Capital appraisal methods
- The Fundamentals of discounted cash flow analysis
- Using Excel to evaluate CapEx project viability in a crisis
Leadership and Effective Communication
- Crisis leadership
- The vital importance of communication in a crisis
- The Importance of Urgency
- Managing necessary change in a crisis
Module 5: Managing Risk with Effective Forecasting
- Risk analysis techniques
- Forecasting in conditions of risk and uncertainty
- Basic principles of statistical data analysis
- Using sensitivity analysis techniques to manage risk
- Replacing budgets with dynamic rolling forecasts
- Recognising risk in traditional decision-making techniques
- Removing barriers to business model innovation
Customized Training
This training can be tailored to your institution needs and delivered at a location of your choice upon request.
Requirements
Participants need to be proficient in English.
Training Fee
The fee covers tuition, training materials, refreshments, lunch, and study visits. Participants are responsible for their own travel, visa, insurance, and personal expenses.
Certification
A certificate from Ideal Workplace Solutions is awarded upon successful completion.
Accommodation
Accommodation can be arranged upon request. Contact via email for reservations.
Payment
Payment should be made before the training starts, with proof of payment sent to outreach@idealworkplacesolutions.org.
For further inquiries, please contact us on details below:
