manage budgets

...course overview

This course develops the skills required for financial management within a work team in an organisation. This includes planning and implementing financial management approaches, supporting team members whose role involves aspects of financial operations, monitoring and controlling finances, and reviewing and evaluating effectiveness of financial management processes in line with the financial objectives of the work team and the organisation. 

.....key content

• Accessing budget/financial plans for work teams
• Clarifying documented budgets/financial plans to ensure outcomes are achievable, accurate and comprehensible budget/financial plans
• Negotiating changes to budget/financial plans with relevant personnel
• Contingency planning when reviewing a budgets/financial plans
• Disseminating relevant details of the agreed budget/financial plans to team members
• Supporting team members to competently perform required roles associated with management of finances
• Implementing processes to monitor actual expenditure and to control costs.
• Working with key stakeholders to secure buy-in
• Identifying cost variations and expenditure overruns by monitoring expenditure and costs
• Collecting and collating financial data for analysis
• Evaluating and reviewing financial management processes

...what objectives can I
         achieve?

• Plan financial management approaches
• Implement financial management approaches
• Monitor and control finances
• Review and evaluate financial management processes