Setting Budgets

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The module in a nutshell

Operations managers and improvement team members frequently look upon preparing a budget for a project, course of action or period of operation as a chore that they could well do without and which diverts attention away from solving more pressing problems. You may feel like this yourself, but organizations, departments and projects that do not take budgeting seriously are prone to wander aimlessly and be pushed off course by current events. This module deals with the concepts, methods, and relationships involved in setting a realistic budget for a course of action or a period of activity.

The aim and outcomes of the module

The aim of this module is to teach participants how to set a realistic budget for a course of action or a period of activity. After successfully completing this module, participants will be able to:

• explain the purposes and overall goals of budgeting
• define different approaches to setting a budget and have a developed understanding of the behavioural implications of each of them
• identify the requirements for setting an effective budget
• understand the building blocks of a budget
• develop an effective budget

Who Setting budgets is for

This module is designed to be applicable to members of improvement teams and those responsible for managing projects. It complements the contents of other in the Process Transformation Programme modules that deal with the Minimize cost core objective, equally it can be successfully studied on its own.

What’s in Setting budgets

The module covers the following topics

• why budget?
• different ways of budgeting and their behavioural implications
• preparing to set the budget
• standard costs
• activity based costing
• creating the budget

Important other information

Duration: Setting budgets lasts for one day and can be used by itself or in combination with other modules in the Process Transformation Programme.

Location: Ideally a room close to the workplace of participants, though it can be run off-site effectively.

In common with other modules in the Process Transformation Programme the module is designed to run successfully with between 8 to 18 participants.

Price: As a stand-alone module, £2,500 inclusive of all materials. This price does not include expenses which are charged at cost..

Contact for more information:

Karen Dunn
Burge Hughes Walsh
Suite 13b
Castle Mound Way
Central Park
Rugby CV23 0UZ

Telephone: 01788 550015
email: kdunn@burgehugheswalsh.co.uk