Building an Organizational Budget

Course Overview

What does this course tell?
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If you are a colleague who is often chosen to lead your teams projects without much guidance this course is most likely for youThis course is for anyone wanting to understand and develop in business budgeting and&or management Whether you are a Manager Project Manager Product Owner beginner or aligned to any mid-level leadership role everyone plays a part in a project budget at one time or anotherI created this course filled with actionable lessons and insights from my 14 years of experience in Finance & Technology program managementIn my experience of being a member of ample projects I often found the projects were running short on the budget and in turn caused several project delays Many times resource allocation for projects are not properly planned so costs for vendors&contractors often aren't accounted for and teams run out of money for projects (New contracts needed to be signed new resources brought on or not enough money to maintain the current contract resources)So many company leaders are unaware of the different types of budgets and which to use for their project some do not have an understanding of where to start in creating a budget or how to communicate with their teamThis course is a simplified approach to understanding how to create manage and strategize a variety of budgets in the workplace or in your business In this course you will learn the 4 major types of organizational budgets which can be used for individual programs&projects or for an entire company Alongside the conceptual understanding of organizational budgeting is learning how to integrate communication aspects and engage your team and stakeholders which is also discussed in this course The best thing about this course zero accounting experience is requiredThis course is complete with 4 sections of impactful modules filled with activities that anyone can implement through taking the courseSpecifics of what is coveredUnderstanding Organizational BudgetingA deep dive into the 4 major types of Organizational Budgets (Incremental Budgeting Activity-Based Budgeting Value Proposition Budgeting and Zero-Based Budgeting)Analyzing and identifying your teams stakeholdersExecuting your communication strategy with your teamsActivity mapping for your budget along with budget allocationDistinguishing differences in the choice of budgets and how to choose a proper budgetEvaluating the appropriate budget for your teamImplementing various budget strategiesDeveloping a budget proposalRecognizing best practices in budgetingThis course is meant to empower you in your leadership process along with providing actionable plans that you can apply to your current or future projects What are you waiting for? Enroll today to gain skills needed for your next project which may require you to manage or propose a budgetCPE (Continuing Professional Education)Learning ObjectivesEnsure proper allocation of various budgets within a programStreamline and transform budgeting processes within the organizationAnalyze & determine the budgeting concept and approach appropriate for your project &organizationPlan review and account for all dollars of budget allocation &align with cost management protocolsUnderstand the importance of team communication and implementation of financial protocols within budgeting methodsIncrease accountability and establish a regular performance management processFor additional information including refunds and complaints please see Udemy Terms of Use which is linked from the footer of this pageFor more information regarding administrative policies please contact our support using the Help and Support link at the bottom of this page

We considered the value of this course from many aspects, and finally summarized it for you from two aspects: skills and knowledge, and the people who benefit from it:
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What skills and knowledge will you acquire during this course?
By taking this course on Building an Organizational Budget, learners will acquire the following skills and knowledge:
1. Understanding Organizational Budgeting: Learners will gain a deep understanding of the concept of organizational budgeting and its importance in project management.
2. Knowledge of Major Types of Organizational Budgets: The course covers the four major types of organizational budgets, namely Incremental Budgeting, Activity-Based Budgeting, Value Proposition Budgeting, and Zero-Based Budgeting. Learners will learn how to choose the appropriate budget type for their projects.
3. Analyzing and Identifying Stakeholders: Learners will learn how to analyze and identify the stakeholders involved in the budgeting process. This knowledge will help them effectively communicate and engage with their team and stakeholders.
4. Executing Communication Strategy: The course provides insights into developing and executing a communication strategy with the team and stakeholders. Learners will learn how to effectively communicate budget-related information and engage their team in the budgeting process.
5. Activity Mapping and Budget Allocation: Learners will understand how to map activities to the budget and allocate resources accordingly. This skill will help them ensure proper allocation of funds within their projects.
6. Distinguishing Differences in Budget Choice: The course will teach learners how to distinguish between different budget choices and select the most appropriate budget for their team or project.
7. Implementing Budget Strategies: Learners will gain knowledge and skills in implementing various budget strategies to effectively manage and control project costs.
8. Developing a Budget Proposal: The course covers the process of developing a budget proposal, including best practices and techniques for presenting a budget proposal to stakeholders.
9. Recognizing Best Practices in Budgeting: Learners will learn about best practices in budgeting and gain insights into industry standards and benchmarks.
Who will benefit from this course?
This course on Building an Organizational Budget will benefit individuals in various roles and professions.
1. Managers: Managers will benefit from this course as they are responsible for overseeing the budgeting process and ensuring proper allocation of funds. They will learn how to analyze and determine the appropriate budgeting concept and approach for their projects and organizations. They will also gain insights on how to plan, review, and account for all budget allocations.
2. Project Managers: Project managers often have to manage budgets for their projects. This course will provide them with the necessary skills to develop and execute a budget proposal, as well as strategies to implement and manage budgets effectively. They will also learn how to streamline and transform budgeting processes within their organizations.
3. Product Owners: Product owners are responsible for managing the financial aspects of product development. This course will help them understand different types of budgets and how to choose the most suitable one for their projects. They will also learn how to communicate and engage with their teams and stakeholders in the budgeting process.
4. Mid-level leaders: Individuals in mid-level leadership roles, such as team leads or department heads, will benefit from this course as they often play a part in project budgets. They will gain a conceptual understanding of organizational budgeting and learn how to integrate communication aspects into the budgeting process. This will enable them to effectively contribute to budget planning and decision-making.
5. Colleagues chosen to lead projects: Colleagues who are often chosen to lead projects without much guidance will find this course valuable. They will learn how to create, manage, and strategize budgets, even without prior accounting experience. This course will empower them in their leadership process and provide actionable plans that can be applied to their current or future projects.