Advanced Public Sector Strategy and Finance

London Business Training & Consulting
Course summary
5 weeks
9,325 GBP excl. VAT 5,595 - 9,325 GBP excl. VAT
Professional Training
Next available date: 01/11/2021 - London
Course Dates
9,325 GBP
Online courses
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5,595 GBP

Course description

Advanced Public Sector Strategy and Finance

This course is for anyone needing a basic understanding of business finance and insights into operational decision-making.

By attending this course, non-finance staff who need to extend their understanding of finance will learn how this could make a difference to their organization’s financial management.

By attending this course, you will explore the specific role that is required of strategic managers in an organization with a more detailed examination of some key elements.

You will also be able to successfully lead public services to achieve service excellence and community objectives.

The course includes site visits to organizations relevant to the course so delegates can develop an understanding of how their contemporaries function in the real-world.

The course will wrap with a summary of the key learning points, followed by an action planning exercise with a view to apply the acquired knowledge and skills immediately upon your return to work. Post-course support is also available in relation to the implementation of your action plan, up to six (6) months following course completion.

Suitability - Who should attend?

This course is suitable for Directors and Deputy Directors, and all other public sector senior officers who:

  • work directly to lead politicians and with other public services to achieve broader community outcomes (public health and well-being and economic development).
  • are responsible for achieving the authority's strategic objectives and can commit the resources to achieve them.
  • wish to improve their understanding of how accounting and finance can help in their decision-making and how this impacts on the organization’s financial position.
  • need to extend their understanding of finance to more specific operational activities.

Outcome / Qualification etc.

Upon completion of this course, you will be able to understand:

  • The relevance of finance to operational decision-making.
  • The relationship between operational and financial measures.
  • Why a deeper understanding of cost and cost behaviour can help operational staff.
  • The role of finance in project delivery.
  • The role of stakeholders and their impact on an organization’s financial performance.
  • The processes involved in deciding prices.
  • How to focus on ensuring that the authority and its services are fit for purpose in the current, medium and long term.
  • A strategic overview of service delivery.
  • When and how to 'intervene' in the authority's operations.
  • How to 'step-up' to lead the whole service.
  • How to define service outcomes.
  • The responsibilities of the service 'end-to-end' manager.
  • A practical perspective into contemporary work practices in your field.
  • How to implement an Action Plan at your workplace using the knowledge and skills acquired through the course.

Training Course Content

Importance of Financial Management

  • The elements of financial management
  • Key accounting terms and terminology
  • How cash and profit differ
  • The two main financial reporting statements: the income statement and the balance sheet

Measuring Financial Success

  • Measuring management success
  • Measuring risk and return
  • The importance of cash flow and working capital
  • Budgeting and budgetary control

Managing Financial Resources

  • The importance of cost behaviour
  • Cost management
  • Opex and Capex
  • Break-even analysis

Investment and Financial Management of Long-term Projects

  • Project Appraisal
  • Project Estimation
  • Budgeting
  • Financial management

Financial Management – Stakeholder Expectations

  • Identifying stakeholders
  • Accountability to stakeholders
  • Triple bottom line
  • Levels of investor control

Pricing Decisions

  • Strategic pricing
  • Price structure
  • Pricing policy
  • Analysing costs and profits

Public Sector Strategic Management

  • What is Strategic Management?
  • Understanding the Strategic Position of the Organization
  • The Strategic Toolkit
  • Stakeholder Management

Politics and the Public Sector

  • Working alongside politicians as they come and go
  • Civil servants Working directly with elected representatives
  • Aligning service and political objectives
  • Maintaining strong corporate governance and continuity of service delivery

Aligning the Public Sector to Support the Economy

  • Skills and job creation
  • Facilitating a dynamic and productive environment for business development
  • Assisting new businesses to establish and grow
  • Public services providing a 'showcase' for modern Working practices

Public Sector Finance Strategy

  • Funding Strategic Priorities
  • Revenue Resilience
  • Managing Reserves
  • Crises and Contingency Planning

Public Sector Strategic Planning

  • The Strategic Planning Cycle
  • The Political Cycle and its Impact on Strategy
  • Review and Refresh
  • Incremental adjustments vs major restructure

Public Sector – Leading Strategic Change

  • The Drivers of Change
  • Building and Gaining Support
  • Project Management
  • Change Management

Why choose London Business Training & Consulting

Management consultation service 

Paperless service delivery model

Flexible open course schedule

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We offer face-to-face classroom sessions as well as online training sessions through Zoom. With a vast range of scheduled courses to choose from, LBTC aims to satisfy your niche needs for management courses and more. With options of customisability, your every training need is satisfied. LBTC offers everything that helps you push the scales of your career and gain a competitive edge.

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About provider

London Business Training & Consulting

London Business Training & Consulting (LBTC) is the UK’s premier business and management training and consultancy service provider. LBTC offers 600 management training courses in sixteen (16) subject categories of durations ranging from 1-day to 11-weeks. This includes 90-minute interactive live online training courses....

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London Business Training & Consulting

One Lyric Square
W6 0NB London

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