Strategic Planning and Budgeting

Strategic planning and budgeting align an organization's long-term goals with financial resources, ensuring that expenditures support strategic objectives, improve performance, and allow for agility in changing environments. Key steps involve defining long-term, 3-year priorities, setting annual goals, and allocating capital to maximize value. This integrated process enables efficient resource allocation, enhances decision-making, and supports sustainability. The program explains the concept of Strategic Planning and Budgeting, and makes available an Excel spreadsheet for users to compile a planning-based budget. Image source: 123RF