This Program has been designed to help executives:

• To implement cost and management control systems adjusted to corporate culture to assist people to contribute their best in order to ensure company success.
• To understand how budgetary processes may be used to communicate, coordinate and measure contributions.
• To incorporate, through the Control Scorecard, non-financial business indicators in management systems.
• To align organizations to changing environments through the Balanced Scorecard.
• To analyze worldwide and local experiences to explore how these tools generate new and effective management models.

MODULE 1: Managing with Budgets
The program discusses the importance of budgets and cost systems as tools to streamline people's actions and to measure organizational performance. To this end, the following topics will be addressed:

• Cost systems as tools to improve company performance.
• Transforming strategic objectives into budget objectives.
• Budgets as motivational systems.
• Elaborating effective budget procedures.
• Budget negotiations.
• Management follow-up and performance evaluation trough budgets.
• Deviation analysis to take corrective actions.

MODULE 2: Managing with Control Panels and Balanced Scorecards
Modern strategic elaboration processes consist of guidelines requiring less formalities and ongoing feedback to constantly adjust plans to new realities. Adequate defintion, implementation and usage of the Control Panel and Balanced Scorecard may be a true core element in this process. Through case analysis and virtual simulation, participants will develop their own monitoring and management control tools to learn:

• How business stages determine the type of performance measurement tools to be used.
• The design process for a Control Panel and a Balanced Scorecard.
• How to implement a Control Panel and a Balanced Scorecard in companies.
• How to identify relevant information and indicators amidst available data.
• How management decisions impact the Balanced Scorecard.