Managing Your Budget

Overview

Preparing a budget and following it through to approval involves a lot of work. But it's only the beginning! Once approved, the budget needs careful management to ensure your plans become a reality. This process starts from day one and continues throughout the year. This course provides a structured approach for managing your budget. It shows how to: Review your budget to identify the key elements, monitor actual expenditure against budgeted figures, control costs.

Objectives

Participants will acquire the knowledge and skills to:

 

  • Identify potential problems and opportunities in your budget 
  • Implement controls to prevent problems arising 
  • Analyse and interpret information on monthly expense reports 
  • Respond to differences between planned and actual expenditure 

Course Duration

3 Hours