Manage Budgets
Planning is the key to an organisation achieving its goals. However, translating high-level plans into realistic and workable budgets can be a challenge. This course introduced the main concepts involved in the planning and implementation of budgets, and provided insight into important aspects of managing team budgets and financial plans including accurate reporting, monitoring and financial performance review.
Skills / Knowledge
- Clarify financial plans within your organisation to ensure that documented outcomes are achievable and contingency plans are prepared appropriately
- Disseminate details of the financial plans while providing support to ensure that team members can competently manage finances where required
- Implement processes for monitoring expenditure and controlling costs in order to implement contingency plans as required to maintain financial objectives
- Collect data on the effectiveness of financial management processes and recommend improvements in line with the objectives of your organisation