How to develop business plans and budgets

Description

This course will provide employers and employees with an understanding of the processes for preparing business plans and budgets. The course is a traditional text-based module that uses written scenarios to contextualise the information.

Topics covered

  • Developing business plans
  • Developing budgets
  • Effective budgeting
  • Alternative approaches to developing budgets.

Learning objectives

On completing this course, learners should be able to:

  • Develop a business plan
  • Develop a budget
  • Identify the key elements in effective budgeting
  • Explore feasibility of a new initiative and involve staff in the planning process
  • Identify the internal and external factors in the organisation that can cause a significant change in order to prepare a budget contingency plan
  • Identify alternative approaches to budgeting.

Business outcomes

Organisations implementing this course will:

  • Reduce business risk
  • Improve financial planning
  • Achieve business goals.

Target audience

This course is designed to be delivered organisation-wide.

Duration

Approximately 60 minutes

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