Budget Concepts for Non-Financial Leaders

Each professional engineering regulatory board across Canada has different CPD requirements, and some boards require strictly technical CPD courses related to your discipline. Courses in the area of Business Skills, Firm Management, or Personal Development may not qualify. Check your regulator's criteria to confirm the courses you need to fulfill your provincial requirements.

In Budget Concepts for Non-Financial Leaders , you'll learn ...

• The Need For A Budget
• Important Topics To Consider When Developing A Budget
• The Questions to Consider When Developing a Budget
• Other Little Considered Topics for Developing a Budget

Overview

This course is designed to help those in mid-level or line leadership positions in organizations or projects who do not have financial backgrounds to understand more about the behind-the-scenes activities involved in selecting, collecting, and monitoring data involved in typical budget development.

It will help leaders who do have strong financial backgrounds develop their subordinates’ knowledge and skills so they can confidently accept a greater responsibility in managing the department’s budget.

Participants are taught how to analyze critical historical data for making confident predictions of future demand on equipment, staffing, and other budget-sensitive resources.

There is an easy-to-follow guide to making a budget monitoring worksheet using popular spreadsheet software.

Please note: This course does not pretend to be a resource for financial professionals. It is designed for those who need to understand the broad "why" of budgets but not the details of "how."

Specific Knowledge or Skill Obtained

This course teaches the following specific knowledge and skills:

• The Need For A Budget
• Important Topics To Consider When Developing A Budget
• The Questions to Consider When Developing a Budget
• Other Little Considered Topics for Developing a Budget
• Why the Quality of Leadership Skills Must Be Considered When Developing a Budget
• How To Develop a Budget Using Historical Data
• How To Use Various Data Forecasting Methods and When
• The Organization’s "General Ledger:" What It Is And Why You Should Know, How and Why To Use "Break Even" Points in Determining Equipment and Staffing Needs
• Understanding And Applying The Concepts Of "Capacity" And "Forecasting"

Certificate of Completion

You will be able to immediately print a certificate of completion after passing a multiple-choice quiz consisting of 25 questions. CPD credits are not awarded until the course is completed and quiz is passed.