Building An Organizational Budget

Design program budgets from a simplified approach along with conceptual understandings.

What you'll learn
Ensure proper allocation of various budgets within a program
Streamline and transform budgeting processes within the organization
Analyze & determine the budgeting concept and approach appropriate for your project /organization
Plan, review and account for all dollars of budget allocation /align with cost management protocols
Understand the importance of team communication and implementation of financial protocols within budgeting methods
Increase accountability and establish a regular performance management process
Requirements
No accounting experience needed
Business acumen suggested
Understanding & use of basic Microsoft Office components
Description
If you are a colleague who is often chosen to lead your teams projects without much guidance, this course is most likely for you.This 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 another.I created this course filled with actionable lessons and insights from my 14 years of experience in Finance & Technology program management.In 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 team.This 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 required.This course is complete with 4 sections of impactful modules filled with activities that anyone can implement through taking the course.Specifics 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 team's 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 budget.CPE (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 page.For more information regarding administrative policies, please contact our support using the Help and Support link at the bottom of this page.

Overview

Section 1: Welcome

Lecture 1 Introduction to Building an Organizational Budget

Lecture 2 What is Organizational Budgeting ?

Lecture 3 Who Needs to Know How to Budget?

Lecture 4 Communication Amongst Teams When Budgeting

Section 2: Types of Budgeting

Lecture 5 Incremental Budgeting

Lecture 6 Value Proposition Budgeting

Lecture 7 Activity-Based Budgeting

Section 3: Zero-Based Budgeting

Lecture 8 Introduction to Zero-Based Budgeting

Lecture 9 Why Zero-Based Budgeting?

Lecture 10 Zero-Based Budgeting in Action

Lecture 11 Activity: Is Zero-Based Budgeting Right For Your Project

Lecture 12 Zero-Based Budgeting Best Practices

Lecture 13 Benefits of Zero-Based Budgeting

Section 4: Implementing Zero-Based Budgeting

Lecture 14 Steps for Implementing Zero-Based Budgeting

Lecture 15 Activity: Cost Estimation in Zero-Based Budgeting

Lecture 16 Activity: Business Activity Screener

Lecture 17 Activity: Determine Your Cost Drivers

Lecture 18 Activity: Developing the Zero-Based Budgeting Proposal

Section 5: Communication Amongst Teams When Budgeting

Lecture 19 Why Communication is Important in Budgeting

Lecture 20 How Budgets Navigate Communication

Lecture 21 Identify Key Stakeholders for Communication - The Follow Up & Follow Through

Lecture 22 Activity: Communication

Section 6: Conclusion

Lecture 23 Next Steps

Beginner to mid-level leadership (Managers, Product Owners, Project Managers, etc.) who need to create a budget for their projects or programs