Lean Finance: Budgeting for Operational Efficiency

Course overview

Budget cuts are often made across the board, reducing essential services as much as waste. Lean finance takes a different route: it identifies activities that add no value, understands what processes really cost and directs money to what matters. This lean budgeting course shows finance and operations staff how to apply lean principles to budgeting and cost management.

Participants learn lean principles and the main types of waste in organisations, then map processes to find delays, rework and duplication. They study activity-based costing and cost-to-serve analysis to see the true cost of services, products and customers. The course then covers building lean budgets, including zero-based reviews, efficiency targets that do not damage quality, and funding improvement projects. Measuring and sustaining savings, engaging staff and using technology to automate low-value finance work complete the week. Examples come from hospitals, utilities, government agencies and manufacturers in the region.

Participants leave with a practical method for finding savings and building budgets that support efficient, high-quality operations.

What you will be able to do

• Apply lean principles to finance and budgeting
• Identify waste through process mapping
• Use activity-based costing to reveal true costs
• Build budgets that fund value-adding activities
• Set efficiency targets that protect quality
• Measure and sustain savings over time

Who should attend

For finance, operations and improvement staff who want to reduce costs intelligently and build efficiency into budgets.

• Management accountants
• Finance managers
• Operations managers
• Continuous improvement officers
• Budget officers
• Hospital and utility administrators
• Procurement managers

Course outline

Fees are per participant in US dollars and cover tuition, course materials and your certificate. Travel and accommodation are not included.