Standard Operating Procedures and their role in budgeting
What are the key budgeting elements and why should we prepare an annual budget for a hospitality company or a hotel property? Plan and gather information for your budget and combine it all together to create the real picture!
This program will provide in-depth knowledge and practical tools about steps in the budgeting process, key elements to consider, SOP budgeting procedures, roles and responsibilities.
Preconditions for starting the annual budgeting process
Steps in the process and dynamics of making the annual budget
Roles and responsibilities in the process of annual budgeting
Annual budgeting in hotel operating departments
Annual budgeting in supporting departments
Consolidation of the budgets
Annual budgeting and SOP procedures
Evaluation of the annual budget
Hotel Owners, Senior Management, Finance and Controlling Directors / Managers, Controlling Department Manager and Employees, Directors of Operation, Hotel General Managers and their Assistants, Department Heads