eWorkshop: Budget Monitoring Essentials

eWorkshop: Budget Monitoring Essentials

This online course introduces the key skills you need to prepare and analyse project budget monitoring and forecast reports, including donor financial reports. By the end of the course you will be able to:

  • Prepare a project budget monitoring report using a phased budget and data on actual income and expenditure
  • Calculate budget variance percentages to help assess project progress compared to plan
  • Prepare a budget Variance Analysis Table to identify significant variances and any areas of concern
  • Classify the root cause of budget variances using a 3-criteria model
  • Complete a Budget Management Action Plan to ensure the project and budget stay on track
  • Create a project budget forecast report based on latest activity plans and information.
  • Describe the four building blocks of financial management and how budget monitoring contributes to good practice in financial and grant management
  • Describe the Plan-Do-Review process in project financial management
  • Describe the purpose and key components of a budget monitoring report
  • Describe the role of accounting codes in budget monitoring reports
  • Describe the purpose and key components of a budget forecast report.
  • Feel confident to use budget monitoring reports in project and grant management

Practice areas

Finance

Upcoming dates for this course

Date (click on dates for more information) City, State/Province, Country Session Language
Sep 17, 2018 to Oct 19, 2018 Online Course English Register Now