About this Presentation
The presentation shows how the TOC Thinking Tools were used as a research methodology to examine the problems with Traditional Budgeting. TOC Tools were used to organize the literature review, design the research questions, then analyze and communicate the findings to come up with a practical solution to a long-term problem.
What Will You Learn
To help you get the most value from this session, we’ve highlighted a few key points. These takeaways capture the main ideas and practical insights from the presentation, making it easier for you to review, reflect, and apply what you’ve learned.
The traditional budgeting model is flawed and encourages devious behaviors.
Theory of Constraints (TOC) can provide a methodology to unravel the root causes of budgeting problems.
Critical Chain Project Management (CCPM) can provide a direction for a solution to budgeting problems.
Instructor(s)
Graham Scott
Graham is a Fellow Chartered Accountant who lives in New Zealand. He owned his own practice for 25 years before selling to concentrate on TOC teaching and consulting. In 2020 he completed a Master of Commerce under Professor Vicky Mabin that applied TOC thinking to organizational budgeting. In 2021 Graham published "Practice Makes Profit", a book that simplifies TOC by using small business examples that helped a surgeon increase his profit 20x. "Simplifying TOC and numbers.