Basics of Budgeting

In this FAC-P/PM Progressive Business, Cost & Financial Management certification training course, you gain the practical skills to coordinate the development of, oversee, evaluate and critique an Earned Value Management (EVM) program linked to risk management.

More effective analyses lead to better budget decisions for the organization and improved financial performance. Using the various features and functions of Excel, participants will learn how to perform the analyses to support budgetary decisions and present data graphically for stakeholders.

Participants practice the critical path method and earned value analysis among other tools. The course also examines how to manage resources, particularly project stakeholders, to execute a project within given time and cost constraints.

The adopted budget is one of the most important policy documents that a government has. It communicates a governing board’s initiatives and priorities to employees and the public, while holding officials accountable for smart, efficient decisions.

Unless you expect your organization to be stable in the short, medium and long term, you need to understand how to create long-term balance sheet and cash flow projections. Growing organizations must know whether they will have the resources to execute their business plan.