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  • By Oxford Certificate
  • November 3, 2021
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Budget Management E-Learning

Virtual budget management training, budget is the quantitative expression of the performance plan, which helps managers in coordinating and implementing the plan. And is used to plan actions that have a multi-year impact on the company. Some also see budgeting as a plan that determines how efficiently and effectively allocates the limited resources of a business unit or any other organization over a period of time. The main benefits of budgeting are:

  • An effective tool to exploit the company’s resources in the most profitable and productive way
  • A tool for controlling, planning and empowering management in anticipating change. And ways to adapt the company to them.
  • Coordinating tool for the company’s internal activities
  • Management assistance tools in understanding their unit relationship with the whole company and with guided employees
  • The most important financial instrument of the company

In addition to a comprehensive understanding of the principles governing budgeting, the budgeting process, and comprehensive budgeting, participants will be introduced to budgeting methods.

How to estimate the costs incurred in the project, which also includes the following:

  • Types of costs
  • Estimate the cost of tools and techniques.
  • Handle risk storage costs
  • Cost of quality
  • Document costs based on estimates

How to determine the project budget, which also includes:

  • Set the base price.
  • Estimate budget needs.
  • Determine the project budget.

How to control project costs, through:

  • Use the obtained value management techniques to evaluate project performance
  • Calculate CPI, SPI, CV, SV
  • Project forecasting using cost management tools will save you money.

What you will learn in the virtual budget management training course:

  • How to estimate the cost of a project
  • How to determine the project budget
  • How to control project costs
  • How to use the obtained value management indicators

Budget Management Training Prerequisites:
This course does not require any special prerequisites and is taught from the ground up.

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