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Online Business Value Analyst (TOC) Practitioner Program
What is the Business Value Analyst program?
An alternative to cost accounting is Throughput Accounting. The operating premise of Throughput Accounting is to view the impact of investments and any operational changes in the parlance of business throughput. This program provides a very good understanding of how Throughput Accounting can make financial targets easier to achieve.
Background
Traditional Financial Accounting is beyond the reach of people involved in Marketing, HR or Operations. This program builds a close connection between operational decision making and profitability. We have conducted this course for 20 MBB Batches in the past.
Objective
To engage participants in debates about Financial Metrics and Throughput Accounting and to bring about the value of a new set of metrics that can help modify KPIs and integrate functions.
Why Benchmark Six Sigma is suited to deliver this program?
Benchmark Six Sigma is number 1 for Business Value Analyst in many ways.
- In 2001, Benchmark initiated the first business excellence certification program in India. The only other provider in India at that time was Motorola University from the USA. The programs have been evolving and are reviewed and revised every year. Adding value to Financial Results has always been a focus of our programs
- We train the largest number of business excellence professionals in Public and Corporate programs (1500+ every year)
- The large network of business excellence professionals has now crossed 40000. You can find a Benchmark Six Sigma certified professional in every large company in India
- We moderate the largest Lean Six Sigma learning community (among top three forums in the world)
- Here are several key elements that differentiate us from others
Offered as
a. Online Instructor-led
b. Public Training – Calendar Program
c. Corporate Program – Standard or Customized, Continuous or Phase wise
Who Can Benefit
- Non-Finance and Finance Professionals who want to convert traditional accounting practice to a more practical and operational accounting practice
- Project Management Professionals who want to link their project objective to organization objectives
- The leadership team in order to better understand the impact of projects on the finances of the organization
- Any progressive management professional who wants to bring change for the better
- Anyone who wants to build competence that is domain independent
Forthcoming Business Value Analyst Programs
Online Business Value Analyst Certification - 04 September to 05 September 2021
Date: 04 September to 05 September 2021
Time: 9:00AM to 1:PM
Salient Features
- Facilitated by Multi-Industry Expert
- 8 Hrs of Instructor-led Classroom Training
- 8 PDUs for PMI credential
- Globally Recognized Benchmark Six Sigma Certificate
- Membership of largest Business Improvement Community
Training Package
- Course Material Kit for Business Value Analyst
- Data, Templates and Case study for Analysis
- 1 Day of Instructor-led Classroom Training
- Business Value Analyst Examination
- Globally Recognized Certificate with lifetime validity
Content Outline
The outline of this highly targeted workshop of 1 day on Business Value Analyst is mentioned below.
- Typical Objectives of a company.
- How should the Corporate objectives be measured? How are they measured?
- Conventional Financial Measures and their utility
- Understanding Throughput Accounting.
- Reviewing the impact of Operational Decisions on Financial Metrics.
- Using TOC for prioritizing projects that will bring in the highest financial value.
- Discussion to review existing metrics in the Organization.
- Understanding and identifying the constraint.
- Methods of exploiting a constraint.
- Subordinate all decisions to exploiting the constraint.
- Elevating the constraint.
- Avoiding the inertia
- Identifying new constraint and repeating the cycle.
Request Information
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Business Value Analyst classroom programs with unmatched advantages
What everyone offers
Accreditation
Some / Industry Acceptance
Some Project Practice
Some Training Experience
Benchmark offers More
We started our programs in 2001 and most accreditations started later. We provide Exemplar Global accredited globally valid certificate.
We guide participants through cases from different industry sectors which come from real experience in those organizations.
What no one else offers
The facilitator of our Business Value Analyst (TOC) Practitioner program is an International Expert on Business Excellence.
Training methodology that has matured with modifications since 2007
We integrated Lean and Six Sigma in our programs more than a decade ago.
Training is the beginning. We engage members with 2 questions every week to facilitate ongoing learning.
We provide additional coaching to our participants when they implement projects at their workplace.
The facilitator has significant training experience in manufacturing as well as services.
Use of multi-sensory approaches is our forte.
Well integrated program with Business Excellence MBB
A cross-industry platform for discussions available for a lifetime which has 53000+ members
The facilitator has conducted hundreds of Lean Six Sigma programs.
The training is rated as excellent by thousands of participants.
You can expect the most engaging training experience ever.
Free Excel based TRIZ templates for all our participants.
Periodic free webinars for all our participants.
FAQ
Most frequent questions and answers
Q1: What is Theory of Contraints (TOC)?
The Theory of Constraints is a management approach that emphasizes the importance of identifying the “system constraint” or bottleneck. It defines a set of tools that project teams can use to manage constraints, thereby increasing profits.
Q2: Who developed Theory of Constraints (TOC)?
The Theory of Constraints (TOC) was developed by Dr. Eliyahu Goldratt (Eli Goldratt) and was introduced in his landmark book “The Goal.”
Q3: What is the difference between Lean and Theory of Constraints (TOC)?
While, TOC focusses on contraints (the “weakest links” in the system), Lean thinking focuses on the notion of value. The objective of both continuos improvement methodologies is to increase profit. Lean is aimed at cost reduction by eliminating waste and steps that do not add value to the customer. TOC on the other hand attempts to move away from cost reduction by focussing on throughput improvement. Throughput is the rate at which the organization generates money through sales.
Q4: What is Drum Buffer Rope?
Drum Buffer Rope (DBR) is a scheduling and planning tool which considers that any system has at least one contraint. This constraint controls the output for the entire system. It’s the drum, setting the beat for delivery. Buffers of time protect the drum from disruption. The rope ensures that all other resources are timed and scheduled to support the drum.
Q5: What is throughput accounting?
Througtput accounting is accounting based on TOC principles. It differs from traditional accounting in that it views accumulating inventory as a bad behavior, and cutting costs as less important than selling goods. The primary focus is to maximize throughput while minimizing inventory and operating expenses.
Participants' Feedback
A great course
Benchmark Six sigma’s Business Value Analyst course is a great course. The course work covered is clearly amalgamated from multiple sources and can be compared to an MBA class from a top global university. The teacher VK was able to clearly and concisely explain the coursework.
What made the Business Value Analyst course stand out from the Green Belt and the Black Belt courses is the student participation. I was fortunate to have peers who had years of experience in different industries and the experience and examples they brought into the course elevated the learning experience.
I would highly recommend this course and I look forward to the other courses under the Master Black Belt banner.
Linking Important Concepts
The strength of BSS is the excellent Course content, teaching methodology, great instructors, and friendly backend team. After a great learning experience during my Green Belt and Black Belt training, the sessions by VK take this excellence to a new level. The BVA logically brings together the practical applications of the concepts of Lean, Six Sigma, and Theory of Constraints in a very understandable and concise manner. It is as though material from various textbooks has been gleaned and linked together for a more synergetic understanding. The group exercises done in the breakout rooms further reinforced the practicality of these concepts working together. I would say that the takeaway from this course would be the linking together of these concepts into practical applications.
Good Learning on Operational Measurement
Had a nice learning which gave me insight to know the need of the company by looking at financial numbers and select the project accordingly.
Great Course with even more interactive Team Participant
The session was very good and well delivered.
The session was very good and well delivered. The practical team-based exercise involved brainstorming at each step.
Eye Opener on Metrics That Matter
Really changed my perspective on business improvement metrics. Now I feel I’m more aligned to the business and financial perspectives of continuous improvement and in a better position to propose and execute projects that are critical to any organization.
Great Learning experience
The training is very interactive with hands-on experience with lots of examples on every situation for applying knowledge gained. With the exercises done during training I am confident to apply it further in my organisation.
Wonderful & an eye opener session
Wonderful and an eye opener session on project selection for maximum organizational benefit !
Interesting Module
A very interesting module that emphasis to the MBB on which project to prioritize to make an impact to the key metrics of the organization and unless we solve business high impact problems the effort of MBB will not be appreciated or realized. Thank you very much VK for your wise inputs.
Well Structured and Great Learning Experience
This was a well-structured training that provides an understanding of how an MBB should identify and prioritize the improvement opportunities. Overall it was a good learning experience.