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.