eWorkshop: Budget Monitoring Essentials

eWorkshop: Budget Monitoring Essentials

Purpose 

This online course introduces the key skills you need to prepare and analyze project budget monitoring and forecast reports, including donor financial reports.

Target Audience 

This course is suitable for anyone in the not-for-profit sector with responsibility for:

  • implementing and managing project, program or organization-wide budgets
  • reporting to donors and other stakeholders on project performance
  • reviewing implementing partners’ project performance.

Previous experience and knowledge of the budgeting process is useful for this course. We recommend attending Humentum’s Budgeting Essentials eWorkshop first if you are new to budgeting. 

Key Takeaways 

By the end of the course, you will be able to:

  • Outline the Plan-Do-Review process in project financial management
  • Design and prepare a budget monitoring report to compare a project budget with actual performance
  • Calculate variance and grant utilization percentages to assess project progress compared to plan
  • Analyze the cause of budget variances using a 3-criteria model
  • Create a Variance Analysis Table to identify significant variances and follow-up actions
  • Create a project budget forecast report based on latest activity plans and information
  • Feel confident to use budget monitoring reports in project and grant management.

Also see the Weekly Agenda within the dates and registration section for the topics covered. 

Learning Approach

Our training puts the learner at the center, using practical and fun learning activities, and easy-to-use materials. We share tools and techniques that can be immediately used in your work.

An eWorkshop is the online equivalent of being in a training room and learning together as a group, but stretched out over a few weeks. The learning resources include interactive lessons, readings, videos, individual and team tasks, and a practical course assignment.

There are no ‘real time’ sessions so you can study at a time that suits you, within the set module weeks. The course requires a time commitment of around five to seven hours every week.

Practice areas

Finance

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Dates and registration

Oct 30 - Dec 03, 2019 Online English Full info

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