Description
Effective budget management is essential for operational success, ensuring resources are allocated efficiently while controlling costs and maximizing performance. Develop and Manage Operations Budgets is a practical training course designed for supervisors and line managers who need to build, analyze, and oversee operational budgets with confidence.
Whether you’re new to budgeting or looking to refine your skills, this course will equip you with the tools to create accurate forecasts, manage financial risks, and align budgets with strategic goals—empowering you to make informed decisions that drive efficiency and profitability.
You will also learn about budgeting best practice, and alternative budget approaches you may encounter.
COURSE DETAILS
- Suitable For: Operations Supervisors and Managers
- CPD Credits: 20 Hours
- Access: 3 months
- Certification: Download your CPD Certificate on completion
- Additional Resources: Download Learners manual, additional articles and worksheets.
COURSE CONTENTS
This course comprises the following lessons:
Lesson 1 – Getting Started
SECTION 1: BUDGETING AND PLANNING
Lesson 2 – Understanding Budgeting
Video – Introduction to Budgeting
Lesson 3 – Planning and Budgeting
Video – Monthly Budgeting and Forecasting
Lesson 4 – The Budgeting Process
Video – The Budgeting Process
Develop and Manage Operations Budgets – Quiz 1
SECTION 2: DEVELOPING THE BUDGET
Lesson 5 – Developing the Sales Budget
Video – The Sales Budget
Lesson 6 – Developing the Production Budget
Video – The Production Budget
Lesson 7 – Developing the Direct Labor Budget
Video – The Direct Labor Budget
Lesson 8 – Developing the Materials and Equipment Budget
Video – The Materials and Equipment Budget
Lesson 9 – Developing The Overhead Budget
Video – The Overhead Budget
Lesson 10 – Developing the Selling and General Admin Budget
Lesson 11 – Finalizing the Budget
Develop and Manage Operations Budgets – Quiz 2
SECTION 3: CONTROLLING THE BUDGET
Lesson 12 – Implementing the Budget
Video – Responsibility Accounting
Lesson 13 – Controlling the Budget
Video – Variance Analysis
Lesson 14 – The Reporting Process
Video – Budgeting and Forecasting
Video – Evaluation of Performance
Lesson 15 – Wrapping Up
Develop and Manage Operations Budget – Quiz 3
Develop and Manage Operations Budgets – Course Evaluation
CERTIFICATION: DOWNLOAD YOUR CPD CERTIFICATE ON COMPLETION
