Creating and Managing a Budget is a key responsibility for many mangers in todays business world.  This course covers the relevant aspects to be considered in the creation of the Budget and also examines the methods that can be deployed to run and control it effectively.  It looks at the various types of Budget that can be used and the approach to their creation.  It covers many aspects of the modern approach to a Budget and introduces planning and projection to keep the Budget on track and shows how to project the effect of variances on completion targets..

Who will benefit from this course

This course is intended for anyone who either creates or runs a Budget.  It is intended for delegates who are new to Budgets as well as those who need to refresh and/or modernise their approach.

Key elements of the course 

• What is a Budget
• Aims of a Budget
• The importance of an organisation's Budget
• The different types of Budget
• The different approaches to creating a Budget
• Estimating cost
• Planning a Budget
• Allowing for the impact of Risk and Contingency
• Running a Budget plan
• Purchasing control within the Budget
• Managing the Budget Resources
• Estimating the current position
• Measuring Budget Variance
• Dealing with Variance
• Projecting the effect of Variance to completion 
• The effect of the Budget on Cash-flow
• Reviewing the Budget at completion
• Learn from the experience for the future
• Overview of Financial Reports

Course Details

This is a one-day, tutor led, on-line course the dates for which are set out on the Course Schedule. It can also be run as a tailored, company specific course either on-line or at an organisation’s premises.