Critical Skills for Creating Great Budgets: Maximizing Profits, People and Power

Budgeting is both an art and a science. In this course that covers both sides, you will learn how to apply leading edge tools and methods to make your planning process more strategic and your budget process more flexible. You will experience how to build a set of decision-making processes early on and how to use them to make smart allocation choices that benefit your entire organization. We will also explore ways to have your planning and budget processes work to increase the potential for higher earning potential.

OBJECTIVES

• Describe their overall planning and budget processes
• Move the current method of budgeting and planning to a higher level
• Measure people’s activities to build a performance-based budget
• Establish priorities for spending on capital needs
• Use budgeted action plans and costed initiatives
• Develop a process for calculating the return on investment for expenditures and headcount increases
• Justify the costs of a department, team, or job function
• Solve many high level budget problems

PREREQUISITE: At least two years experience preparing budgeting and conducting planning