The Beyond Budgeting Masterclass by Bjarte Bogsnes will provide participants with a thorough and practical understanding of Beyond Budgeting and includes a number of exercises which supplements the theory and practice of Beyond Budgeting, including how the model can be applied in your own organisation.
Join the masterclass and understand how an entire organization can be run in an agile way, where people and interactions are more valued than processes and tools, and where responding to change is more important than following a plan. You will get unique insights into Business Agility in practice, both from a managerial, financial and human perspective.
You will benefit from Bjarte Bogsnes’ extensive experience. He has helped companies all over the world getting started on a Beyond Budgeting journey, including his former employer Equinor (Statoil) – where the budget (and much more) was kicked out. This and many other great case stories and practical examples will be shared.
Target Audience
Managers, company leaders, agile practitioners, middle managers, team leaders, agile coaches, product managers, consultants.
Topics
- 25 years of Beyond Budgeting – how it all started
- Beyond Budgeting – the adaptive management model. “Performance. The Right Way”:
- Companies on the journey around the world; great case stories of how they operate
- The Borealis story – going Beyond Budgeting before Beyond Budgeting
- The Equinor (formerly Statoil) l story – the “Ambition to Action” model:
- Redefining performance – dynamic and relative targets and a holistic performance evaluation
- Dynamic forecasting and resource allocation and no traditional budgets
- From calendar-driven to event-driven
- Holistic performance evaluation
- Beyond Budgeting in the public sector
- KPI and OKR pitfalls
- Agile and Beyond Budgeting – similarities and differences
- Why no Agile transformation without Beyond Budgeting
- Implementation experiences and advice
- The business model canvas – the brand new Viable Map
- Beyond Budgeting and the major consulting firms
- Does Beyond Budgeting work? Fresh survey data
- The Beyond Budgeting Roundtable
The masterclass will also provide participants with a thorough and practical understanding of how cost can be managed in much better ways and how funding works in a Beyond Budgeting world.
Expect to get your hands dirty
The masterclass is made of parts of lecture (sharing knowledge and ideas), workshop and discussion, and facilitated exercises to experience methods and put principles into practice.
Learning Objectives
Learn how to trust and empower without losing control, and how to redefine performance – with dynamic and relative targets (or no targets at all) and a holistic performance evaluation.
Understand how dynamic forecasting and resource allocation works, and also other examples of self-regulating management mechanisms, including transparency. Bjarte will also share insights into KPI and OKR pitfalls, and bonus problems.
Learn from the fringes! Understand how management innovation can provide just as much competitive advantage as technology and product innovation! And last but not least, understand why there can be no true agile transformation without Beyond Budgeting.
