Budget Management

This course is highly participative. Budget Holders will be encouraged to discuss difficulties and share solutions. They will complete "real-life" exercises in small groups and participate in a role-play exercise that brings together all aspects of the day.

Course Content

What is a Budget?

• Purpose and benefits.
• Terminology.
• What to include in a budget.
• What drives costs?

Budget Setting Exercise: Preparing a Budget

Budget Management

• Role and Responsibilities of a Budget Manager.
• Scope and Content of budget reports: what is expected?

Budget Monitoring Exercise

• Reviewing budget reports for errors, variances and out of budget expenditure.

Profiling

Financial Reporting

• Presentation of future cost projections.
• Reporting and negotiating budget variations.
• Taking corrective action.

Role Play

• Communication with the Finance Dept.

This course can be tailor-made to meet your requirements.

Offered either by public seminar or on site.