The Budgeting Fundamentals for Training Managers Workshop spans four hours and is completed online. When you attend this program, you’ll take part in a live, virtual instructor-led class (VILT), that includes ample time for discussion, analysis and application.

PREWORK
  • Understanding Financial Fundamentals Pre-Read
  • Pre-Training Discussion Guide
Building a Training Budget
  • Funding Models
  • Four Steps for Building a Training Budget
  • Aligning your Budget with Your L&D Plan

RELATED JOB AIDS: Pre-training discussion guide, Budget Building Blocks Framework

ACTIVITY: Create a Master Budget

Managing Budgets
  • Vertical and Horizontal Analysis
  • Accrual vs. Cash Accounting
  • Fixed Cost and Variable Costs
  • Direct and Indirect Costs
  • Understanding Budget Variances

RELATED JOB AIDS: Pre-Read Document, Sample Training Budget Report

ACTIVITIES: Budget Analysis and Variances; Explain or Adjust?

Funding Projects and Additional Resources
  • Business Case Elements
  • Resource and Workload Planning
  • ROI and Break-Even Analysis

RELATED JOB AIDS: Business Case Documentation Template, Business Case Presentation Template

Action Planning and Wrap Up
  • Reflection and Action Planning

RELATED JOB AIDS: Recommended Actions & Next Steps List, Action Planning Template, Post-Training Discussion Guide

WANT TO LEARN MORE?

Visit the FAQs page, or contact us to speak to someone directly.