Budgeting for Managers

Budget: a mathematical confirmation of your suspicions!
A.A. Latimer

Budgeting effectively is one of the most crucial aspects of successful business management. Without a clear, accurate and flexible budget, it is almost impossible to gauge business performance, predict trends or respond appropriately to crises or opportunities.

Budgeting for Managers is an intensive 2 day training course that teaches managers how to budget accurately for the peaks and troughs of income and expenditure in their departments whilst equipping them with the tools to manage and control their budgets. Attend these practical 2 days and discover how to draft an effective budget that stands up to internal and external scrutiny!

Key budgeting areas that will be covered during this intensive course include:

• Understanding the key relationship between business planning and budgeting - and using these tools to achieve your organisational or departmental goals.
• Discovering the various types of budgets, their relevance and uses and how you can get the most out of each.
• Assessing the various benefits of business budgeting - and finding out hidden benefits you weren't aware of.
• Gaining a step by step guide on how to build a thorough budget that can be used to effectively control costs and forecast opportunities and limit nasty surprises.
• Uncovering the human element to budgeting - and watching for utra-conservatism, low buy-in or laziness.
• Learning what to do in cases of variances - from investigating root causes to reporting these to management.
• Using budgeting as a business growth tool - and imparting this to your colleagues, superiors and subordinates.
• Gaining an introduction to the ins and outs of Project Budgeting - an applying this knowledge easily to your next project.