Public Sector Strategy and Finance
London Business Training & Consulting
Key Information
Campus location
London, United Kingdom
Languages
English
Study format
On-Campus
Duration
2 weeks
Pace
Full time
Tuition fees
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Application deadline
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Earliest start date
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Introduction
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. You will understand:
- The role of finance in implementing projects.
- How an organization’s stakeholders affect its financial performance and growth.
- The activities in determining pricing objectives, policies and strategies.
You will also explore:
- The specific role that is required of strategic manager in a public sector organization.
- The complexities of the relationship between paid civil servant and elected politicians in the context of public service planning and delivery.
- How each public service contributes to the economy.
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.
Agenda
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
Financial Management Decision-Making
Defining the decisions that you make
Deciding on what support you need to define the relevant financial information required to make those decisions
Examples and case studies
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
Strategic Risk Management
Financial Risks
People Risks
Operational Risks
Reputational Risks
Course Review
Summary and recap of key learning objectives
Action Planning
Target Audience
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).
- Staff who need to extend their understanding of finance to more specific operational activities.
Learning Outcomes
Upon completion of this course, you will be able to understand:
- 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 implement an Action Plan at your workplace using the knowledge and skills acquired through the course.