CATEGORY: Finance Courses

Equitable Revenue Allocation Program: Processes, Technology and People Phase 2

Course Access: Lifetime
Course Overview

Length: 5 Days

Course Dates: TBA

 Course Description:

Governmental revenue and resources allocation is, by
nature, generally tricky, even when zero politicking is assumed. Realistically,
except there are well thought-out processes, robust tool and knowledgeable people
in place, it can be a messy and frustrating exercise to allocate
governmental revenues and resources to counties within its purview.
Revenue allocation strategy is a plan of action
designed to consistently achieve an equitable revenue sharing formula.
Consequently, it requires relentless
planning, organizing, monitoring, analysis and appraisal of what the government
requires to allocate its revenues without any form of favoritism.

This course analyzes revenue allocation programs in
general, assesses existing processes, zeroes in on capability as potential users of a given allocation tool are trained
in the effective and efficient use of the tool.

It combines theories and relevant industry experience to
inform the participants of the best practices on how effective processes and a
well-trained workforce support successful implementation of a given revenue
allocation tool, in a sustained manner.

By the end of this program,
participants will be able to:

·        
Comprehend revenue allocation strategy and
management fundamentals

·        
Understand framework for effective revenue and
resources allocation

·        
Distinguish between business systems and the revenue
allocation models

·        
Establish practical steps and processes for revenue
allocation programs

·        
Identify risks and opportunities, and their impacts
on revenue allocation program outcomes

·        
Understand the relevance of governance in revenue
allocation program outcomes

·        
Learn how to engage stakeholders in a manner that
ensures program success

·      Identify, document and communicate revenue allocation program
learnings to stakeholders

·        
Use
a Revenue and Resources Allocation tool

·        
Contribute
to revenue allocation program success in the
workplace

 Who Should Attend?

This course is suitable
to a wide range of professionals, including:

·        
Leaders
of Government Ministries/Departments

·        
Ministry Officials & Policy Initiators

·        
Agency Leaders

·        
County Officials

What You will Learn:

·        
Comprehend revenue allocation strategy and
management fundamentals

·        
Understand framework for effective revenue and
resources allocation

·        
Distinguish between business systems and the revenue
allocation models

·        
Establish
practical steps and processes for revenue allocation programs

How will this Training Course be
Presented?

This
course will be highly interactive and very practical presented in 3 phases /
Modules. Following an intensive
one-and-a-half weeks of classroom learning, instructors and the attendees will
zero in on the use of a given Revenue and Resources modeling and allocation tool
for one-and-a-half weeks, thus exposing participants to hands-on, real life
workplace scenarios with the immediate opportunities to practice what was
learned in the classroom. The course will be based on:

Illustrations of Revenue Allocation from the real world
will be provided and participants will be encouraged to contribute examples and
illustrations from their own experiences.

Course Content
Phase 2

Week Two: Stakeholder
Management and Continuous Improvement

·        
Stakeholders engagement and the allocation program
success

·        
Revenue allocation program learnings and continuous
improvement: identification, documentation and
communication

·        
Reflections

·        
Introduction to a Revenue and Resources Allocation tool

·        
Features for beginners

Deep dive into a Revenue
and Resources Allocation tool