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Capital Budgeting: Capital Allocation

by Skillsoft

No organization can claim to have an infinite amount of capital for funding projects. Capital rationing is a fact of organizational life that often requires decision makers to make difficult choices between promising investments. In deciding which projects to accept or reject, an organization must not only perform a quantitative assessment to choose the most profitable projects, but also assess a variety of qualitative factors to analyze the impact and feasibility of each project. Quantitative assessment leads to sound capital allocation based on projected cash flows, while qualitative assessment adds an element of risk management, relying on the experience and knowledge of those familiar with the business. Once capital is allocated and projects are implemented, it's important to continue to monitor the projects' progress. A post-implementation audit is an important follow-up, used to detect any deviations from the forecasted results and to gain experience that can be used in making future capital budgeting decisions. The course introduces the process of allocating capital based on qualitative assessment factors, and incorporating other qualitative factors such as the priority of projects into the allocation of decisions. It also briefly covers project monitoring and post-implementation auditing.Audience: Finance and nonfinance professionals, functional managers, executives, and all individuals in key roles involved directly or indirectly with the capital budgetary planning and process in an organizationObjectives: Capital Budgeting: Capital Allocation describe capital allocation describe common quantitative measures used in capital allocation decisions recognize how qualitative factors can influence capital budgeting decisions rank projects based on qualitative factors allocate capital based on quantitative information about projects describe the benefits of post-implementation auditing Duration: 1 ...

$75.00

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Capital Budgeting: Discounted Payback Period and Profitability Index

by Skillsoft

When it comes to deciding which new projects to invest in, organizations rely on quantitative tools to objectively compare different proposals. Using measures such as profitability index (PI) and discounted payback period (DPBP), decision makers assess which projects to undertake the ones that will maximize the value of the organization. These tools account for changes in the value of future cash flows due to the time value of money. This course presents two tools commonly used in the capital budgeting process, profitability index and discounted payback period, and demonstrates how to calculate each. It explores the strengths and limitations of these tools, and describes how organizations use them to guide their investment decisions.Audience: Finance and nonfinance professionals, functional managers, executives, and all individuals in key roles involved directly or indirectly with the capital budgetary planning and process in an organizationObjectives: Capital Budgeting: Discounted Payback Period and Profitability Index recognize the benefit of considering the time value of money when quantitatively assessing capital projects perform a preliminary screening of a capital budgeting project based on the discounted payback period (DPBP) distinguish between strengths and limitations of the DPBP method calculate profitability index (PI) and use it to make a capital budgeting decision distinguish between NPV and PI in terms of their strengths and limitations determine which quantitative method or methods will be most useful for making capital budgeting decisions in a given scenario Duration: 1 ...

$75.00

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Risk Management: Dealing with Risk

by Skillsoft

The most desirable objective of risk management is to eliminate risk uncertainty, whether for threats or opportunities. But what happens when that's not an option? Even the most thorough planning is subject to risk, and the best leaders are the ones who know how to respond effectively to risk, whether for a threat or an opportunity. This course examines the third stage of risk management dealing with risk. It provides general strategies for dealing with risk, such as risk exposure adjustment and contingency planning. And it outlines strategies specific to dealing with threats and opportunities.Audience: Decision makers at all levels in an organization interested in learning about the issues relating to risk and risk managementObjectives: Risk Management: Dealing with Risk distinguish between the types of responses to threats distinguish between the types of responses to opportunities respond effectively to an opportunity calculate the contingency reserve for a given set of risks recognize examples of contingent response strategies Duration: 1 ...

$75.00

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Developing the Strategic Thinking Skill of Seeing the Big Picture

by Skillsoft

When you think strategically, you consider the impact of your decisions and activities over time. You take a step back and assess how everything fits with everything else. This type of holistic, or big picture, thinking is almost constantly used by effective strategic thinkers. Big-picture thinking generates ideas and possibilities, stretching beyond short-term concerns or a parochial focus on one part of the organization. This course aims to help you develop this strategic thinking skill. It describes how the ideas of systems thinking can help you elevate your perspective, become skillful at making sense out of opposites and contradictions, and better understand cause and effect while managing your department. It also explains actions you can take to encourage big-picture thinking, such as aligning your department goals with those of the organization, considering how your actions and decisions affect a variety of stakeholders, and identifying and analyzing external factors. In addition, the course describes how understanding the organizational value chain can help you connect to the organization's strategy and strategic plans and, in turn, implement them more effectively.Audience: Functional managers, professionals, departmental leaders, and all individuals in key roles who want to develop or refine their strategic thinking skillsObjectives: Developing the Strategic Thinking Skill of Seeing the Big Picture recognize how to use the ideas of systems thinking to gain a sense of the big picture choose the approaches that best take into account external organizational factors in a given scenario recognize actions that encourage big-picture thinking in relation to the internal context of an organization recognize how an understanding of the organizational value chain can help you see the big picture Duration: 1 ...

$75.00

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Developing the Capacity to Think Strategically

by Skillsoft

Do you look at organizational opportunities and problems from a broad perspective? Do you keep in mind the potential impact your decisions and everyday business may have on other stakeholders in and outside the organization? Do you take a holistic view of the issues you face in your day-to-day activities? A strategic thinker does all these things and, by doing so, helps an organization reach its strategic goals. But strategic thinking isn't just for top executives. It's important that all functional managers, departmental leaders, and professionals in an organization learn how to think strategically. It can help them better manage their business units. With the goal of helping you to develop your capacity to think strategically, this course describes what strategic thinking is in particular, how it differs from operational thinking and strategic planning. It explores the personal traits of effective strategic thinkers, as well as some barriers to strategic thinking. And it describes ways you can help develop your capacity for thinking strategically by recognizing the importance of being creative, being prepared to deal with the complexity of different levels and views, and being aware of what's going on inside and outside your organization.Audience: Functional managers, professionals, departmental leaders, and all individuals in key roles who want to develop or refine their strategic thinking skillsObjectives: Developing the Capacity to Think Strategically describe the characteristics of strategic thinking distinguish between different levels of strategy determine which traits of a strategic thinker are exemplified in a given scenario recognize examples of how you can develop the capacity to think strategically Duration: 1 ...

$75.00

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Risk Management: Identifying Risk

by Skillsoft

Risk is the driving force behind every business venture, so it's important to understand risk and plan for it. Even though the best leaders are accomplished decision-makers who know how to make tough choices on the fly, in today's business environment you must know how to proactively identify risk factors, and how to recognize when business ventures are at risk of becoming critical situations. This course examines the first stage of risk management - identification of risk factors. It also presents several risk identification techniques, including how to use root cause identification, the Delphi technique, and brainstorming sessions to identify risks.Audience: Decision makers at all levels in an organization interested in learning about the issues relating to risk and risk managementObjectives: Risk Management: Identifying Risk differentiate between internal and external risks determine the most appropriate risk identification techniques to use for a given situation recognize guidelines for conducting a brainstorming session to identify project risks recognize actions you can take to overcome various challenges you may encounter when facilitating a brainstorming session to identify risks conduct a brainstorming session to identify the risks of a project Duration: 1 ...

$75.00

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Business Planning Essentials: Performing Key Analyses

by Skillsoft

Business plans are created for many different reasons to get funding for a project, to evaluate future growth, or to fulfill strategic initiatives. But many plans go out of date before they're even complete. Changes happen fast in business and, for a plan to have any value, it needs to evolve with your organization and stay relevant in the face of uncertainty. Ongoing analyses of the internal and external environments are important to help keep plans relevant. This course describes how to carry out an internal analysis, including the assessment of your organization's market strategy, resources, organizational structure, and financial position. It shows how understanding internal factors can guide you in writing a business plan that reflects the strengths and resources of the organization. The course also explains the key elements examined in any external analysis, such as the competitive landscape and industry trends, and how these factors may inform your business plan and help ensure it is both relevant and compelling. Finally, the course covers how to use the results of your analyses to identify important opportunities, like new demand or market growth, and challenges such as changing customer needs or threats from substitutes that may need to be addressed in the business plan.Audience: Business leaders, professionals, and managers who want to gain or refine their skills for planning and developing strategic business plansObjectives: Business Planning Essentials: Performing Key Analyses describe how the results of an internal analysis inform a business plan recognize how to conduct an external analysis identify market influences that may affect your business plan determine how a SWOT analysis affects a business plan in a given scenario Duration: 1 ...

$75.00

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Risk Management: Assessing Risk

by Skillsoft

Risk is the driving force behind every business venture, so it's important to understand risk and plan for it. In order to manage risk, however, leaders first need to assess the risk factors that threaten their organization so that they can create a strategy to avoid or mitigate that risk. This course examines the techniques commonly used to assess risk, including opportunity assessment, and threat assessment using FMEA - Failure Mode and Effect Analysis.Audience: Decision makers at all levels in an organization interested in learning about the issues relating to risk and risk managementObjectives: Risk Management: Assessing Risk determine the techniques most appropriate to assess risks recognize key risk assessment concepts assess an opportunity calculate the risk priority number for a threat Duration: 1 ...

$75.00

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Business Planning Essentials: Preparing for Implementation

by Skillsoft

One of the most difficult aspects of business planning is moving from strategic thinking to action. This course describes activities that help coordinate the implementation of business plans, including developing action plans, determining how the implementation should be measured and monitored, as well as how to assess outcomes. It details how to use an action planning process to facilitate business plan implementation. This process entails steps such as clarifying the outcomes you want, listing the actions necessary to achieve those outcomes, assigning responsibilities, and determining resources needed. Finally, the course explains how to develop a reporting and monitoring structure in order to help ensure a more streamlined implementation process.Audience: Business leaders, professionals, and managers who want to gain or refine their skills for planning and developing strategic business plansObjectives: Business Planning Essentials: Preparing for Implementation describe the connection between planning, implementation, and control recognize how to coordinate the implementation of a business plan use action planning to facilitate the implementation of a business plan recognize ways to build support for implementation of a business plan recognize how to create a reporting structure that facilitates the implementation of a business plan describe components of a plan-modification process Duration: 1 ...

$75.00

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Business Planning Essentials: Preparing a Business Plan

by Skillsoft

Anyone who wants to gain support for an idea or initiative needs a well-prepared business plan. A business plan is like a road map that helps you clearly see the opportunities and obstacles you'll inevitably face as you pursue your business idea. Preparing a plan takes a lot of time because a plan typically contains many sections and comprehensive information. But it's worth spending time on it. With a well-prepared plan, you stand a better chance of getting the support you need to succeed. This course describes what a business plan is, why you use it, and its main ingredients opportunity, solution, execution, and outcomes. It also explains how to prepare to create your plan by defining your purpose clearly, doing proper research, and establishing goals. In addition, the course offers guidelines on how to write and structure your plan effectively by, for example, paying particular attention to the executive summary, telling a compelling story, and making sure your idea fits the business need.Audience: Business leaders, professionals, and managers who want to gain or refine their skills for planning and developing strategic business plansObjectives: Business Planning Essentials: Preparing a Business Plan recognize examples of the four key elements of a business plan recognize preparation steps in developing a business plan recognize guidelines for creating an effective business plan distinguish between different parts of a business plan Duration: 1 ...

$75.00

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Supply Chain Management

by Skillsoft

What is Supply Chain Management? Why has it become such a hot topic for discussion and analysis in recent years? This course shows how a more thorough understanding of this three word catch phrase can improve the flow of material through your organization, increase customer satisfaction, and help you to establish high quality vendor relationships.Audience: Managers, Directors, Executive staff, or other individuals seeking to gain a broad knowledge of supply chain management and its impact on the organization.Objectives: Overview of Supply Chain Management recognize the value of an integrated supply chain in relation to its impact on customer service and satisfaction. identify terms and definitions in relation to supply chain management. identify key integration points which support the inbound logistics process. identify key integration points which support the outbound logistics process. identify effective supply chain management strategies.Purchasing Management recognize the benefit of understanding the strategic role of purchasing in achieving high levels of customer satisfaction. identify primary purchasing and activities. choose an effective tactic/strategy to support the changing role of purchasing within the supply chain. identify cost management strategies in the context of purchasing.Supplier Management recognize the value of understanding the importance of vendor relationships in supporting various logistics management goals. differentiate between effective and ineffective supplier management strategies. identify or sequence the critical steps in the supplier selection process. identify potential problems that may impact a supplier relationship. select effective strategies for evaluating suppliers.Channel Management recognize the value of understanding channel management in the context of comprehensive supply chain management. define distribution channels and related systems. identify the role of the Logistics Manager in channel management. select effective channel performance analysis strategies. Duration: 3 ...

$75.00

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Bundle

Resumes (4 courses)

by MindLeaders

$29.95

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Session 2: Healing the Life-Long Family Rifts

by Caregiving

Sisters who don’t speak to each other; adult children who withdraw from their parents: Feuding family members affect all generations. In particular, it can cause added stress in a caregiving situation. In this seminar, we’ll share ideas and suggestions on how you can help a family caregiver move past the rifts that can tear a family apart. ...

FREE

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