Understand what budgets are and why they matter. Develop operating budgets reflecting your group's near-term goals and operations, and create capital budgets for longer-term critical investments you want to make for your group. Use sensitivity analysis to explore 'what-if' scenarios and to test the assumptions in your budgets. Deploy variance analysis to understand budget shortfalls and to make course corrections. Grasp 'the big picture' of budgeting by learning how forward-looking organizations are integrating budgeting with strategy and planning processes to ensure their competitive strategies are executed as planned and deliver the expected results.
- Understand Budgets and Budgeting
- Develop an Operating Budget
- Prepare a Capital Budget
- Understand Sensitivity Analysis and Variance
- Adapt Budgeting to a Changing Environment