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Beyond Budgeting

Traditional management, including budgeting, is often too slow and too bureaucratic in today’s dynamic business environments. We need more agile and more human ways of leading and managing.
Beyond Budgeting is a proven, successful management model designed to handle today’s business and people realities.

The trainer Bjarte Bogsnes, Chairman of the Beyond Budgeting Roundtable, has more than twenty years of hands-on experience from heading up Beyond Budgeting implementation in two large international organizations, Borealis and Statoil.

Target audience
General Managers, Finance, HR, Lean & Agile coaches.

Goal of the training
Enable participants to lead or participate in a Beyond Budgeting implementation, helping the organization to solve its problems with traditional management and outperform the competition.

Program:

  • 09:45 – 10:00 Gathering
  • 10:00 – 11:30 The problems with traditional management
    • Why it once worked, but not any longer
    • Beyond Budgeting, the philosophy
  • 11:30 – 11:45 Coffee break
  • 11:45 – 13:15 Beyond Budgeting across the world
    • The Beyond Budgeting principles
    • Case stories across business
  • 13:15 – 14:00 Lunch
  • 14:00 – 15:30 Ambition to Action; Beyond Budgeting at Statoil
    • Separation of the budget purposes
    • Relative targets and a holistic performance evaluation
    • Dynamic forecasting
    • Dynamic resource allocation
    • Ambition to Action
  • 15:30 – 15:45 Coffee break
  • 15:45 – 16:30 Implementation
    • Creating the case for change
    • Implementation advice.
Learning outcomes
  • A better understanding of the systematic nature of the problems with traditional management
  • A thorough insight into Beyond Budgeting; the background, the philosophy and the 12 principles
  • Knowledge of several case stories from around the world, including the Statoil implementation journey
  • Implementation; understand how to convince the organization to get started
  • Practical implementation knowledge; what can the Beyond Budgeting principles mean in different business and cultures
  • Understanding the link to Lean and Agile

*The class is held in English.

Koolitaja:
Bjarte Bogsnes
Beyond Budgeting Roundtable’i juhatuse esimees
Bjarte Bogsnes has a long international career, both in Finance and HR. He is currently heading up the Beyond Budgeting implementation at Statoil, Scandinavia’s largest company with operations in 36 countries and a turnover of 130 bn USD. On Fortune 500, the company was recently ranked #1 on Social responsibility and #7 on Innovation. Transparency International has named Statoil the most transparent listed company globally.
Beyond Budgeting Round Table (BBRT) is the name of our membership organization, which is founded on the Beyond Budgeting principles. Organizations can achieve a significant and sustainable competitive advantage by transforming their management models in line with these principles.

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Beyond Budgeting

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