Module Name: Plan for and project the cost of a project
Description:This programme focuses on developing skills in budgeting, forecasting, financial planning, and assessing financial performance using key financial metrics. Participants will learn how to interpret financial statements, identify financial trends, and use financial data to make informed business decisions that ensure the profitability and sustainability of the franchise.
Purpuse:To equip franchise managers with the skills necessary to create effective financial plans and evaluate financial performance. By understanding how to set financial goals, track progress, and analyze financial outcomes, franchise managers will be better positioned to drive profitability, control costs, and ensure that the franchise operates within its financial capacity. The programme aims to help participants make data-driven decisions that contribute to the financial success and growth of the franchise.
Rational:The programme provides franchise managers with the knowledge and tools to create comprehensive financial plans, including budgets, forecasts, and financial projections. Participants will also gain expertise in analysing financial data through key performance indicators (KPIs), financial ratios, and trend analysis to evaluate the franchise's financial health. By mastering these skills, franchise managers will be able to make informed financial decisions, ensure the franchise operates within budget, and drive long-term profitability.