Course Summary
Learn essential budgeting skills and strategies for development projects in this Coursera course. Gain the knowledge to effectively manage finances and resources for successful project implementation.Key Learning Points
- Understand the importance of budgeting in development projects
- Learn how to create and manage project budgets
- Discover strategies for effective financial management
Related Topics for further study
Learning Outcomes
- Create and manage effective project budgets
- Understand the importance of financial management in development projects
- Implement budgeting strategies for successful project implementation
Prerequisites or good to have knowledge before taking this course
- Basic knowledge of project management
- Familiarity with financial terminology
Course Difficulty Level
IntermediateCourse Format
- Online
- Self-paced
- Video-based
Similar Courses
- Project Management for Development
- Financial Management for Nonprofits
Related Education Paths
Notable People in This Field
- Bill Gates
- Melinda Gates
Related Books
Description
The Budgeting Essentials and Development course focus on an integrative and practical view of concepts, methods, and techniques to develop a budget.
Outline
- Module 1: Strategy & Budgeting - Planning & Controlling
- Welcome session and course overview
- Video 1 - The planning cycle
- Video 1 - The management responsibilities
- Video 1 - Benefits and Limitations
- Video 1 - The connections with the budget
- Video 1 - A transition through planning and controlling
- Video 2 - Positioning the company between planning and controlling
- Full course overview
- Benefits and Limitations
- Readings of - The trade-off between “more planning” versus “more control”
- Practice quiz: Strategy analysis and the budget.
- Test your improvement through this quiz
- Check your improvement on the topics by doing this quiz
- From strategy to the budget
- MODULE 2 - Corporate budgeting
- Video 1 - Strategy and the budget at corporate level
- Video 2 - Strategy and the budget at business level
- Video 1 - The governance and the budget
- Video 2 - Governance and the budget: Practical aspects
- Video 1 - Executive commitment
- Video 2 - Objectives, communications, expectations and opportunities
- Video 1 - A general overview
- Video 2 - Starting the budget development
- Video 1 - Information system and the budget
- Reading - Corporate budgeting overview
- Reading - Corporate budgeting - The link between strategy and the budget
- Readings: Governance and the budgeting process
- Readings: Budget planning guidelines
- Readings: Overview on budget development framework
- Readings: Overview on budget development framework - Part 2
- Readings - The management information system and the budget
- Take this quiz to test your improvement
- Take this quis to test your improvement
- Take this quiz to test your improvement
- Test your improvement through this quiz
- Corporate budgeting
- Module 3.1 - The company operations and the Budget
- Video 1 - A framework to structure budgeting - The revenue budget
- Video 2 - Structuring revenue by product lines
- Video 3 - Structuring revenue by contracts and territories
- Video 4 - Forecasting revenue
- Video 5 - Major issues on revenue forecasting
- Video 1 - The ending inventory budget
- Video 2 - Production budget
- Video 3 - Direct materials budget
- Video 4 - Direct materials: Combining Methods
- Video 1 - The direct labor budget
- Video 2 - The manufacturing overhead budget
- Video 1 - Cost of goods sold
- Video 1 - Introduction to marketing and sales budget
- Video 2 - Structuring marketing and sales budget
- Video 3 - Analysis on marketing and sales
- Video 4 - Advertising
- Video 5 - Issues on marketing and sales budget
- Video 6 - Performance management
- A framework to structure budgeting - The revenue budget
- Structuring revenue by product lines
- Structuring revenue by contracts and territories
- Forecasting revenue
- Major issues on revenue forecasting
- The ending inventory budget
- The production budget
- Direct materials I
- Direct materials II
- The direct labor budget
- Manufacturing overhead
- The cost of goods sold
- Introduction to marketing and sales budget
- Structuring marketing and sales budget
- Analysis on marketing and sales budget
- Advertising
- Issues on marketing and sales budget
- Performance management
- Budget development framework
- The company operations and the Budget.
- Direct Labor and Manufacturing Overhead
- Test your improvement by doing this quiz
- Module 3.2 - The company operations and the Budget
- Video 1 - Introduction to R&D budgeting
- Video 2 - R&D funding
- Video 3 - Structuring and controlling R&D
- Video 1 - Administration Budget and connections with other budgets
- Video 2 - Structuring administration budget and major issues
- Video 1 - Capital Budget: Scope overview
- Video 2 - Capital Budget: Additional analyses
- Video 3 - Outsourcing and leasing as alternatives
- Video 1 - Putting the budgets together: The Master Budget
- Video 2 - Balance Sheet components
- Video 3 - Cash behavior and financial needs
- Video 4 - Supporting balance sheet analysis
- Introduction to R&D budgeting
- R&D funding
- Structuring and controlling R&D budget
- Administration Budget
- Capital Budget - Scope overview
- Capital Budget - Additional analyses
- Outsourcing and leasing as alternatives
- Putting the budgets together - The Master Budget
- Balance Sheet components
- Cash behavior and financial needs
- Supporting balance sheet analysis
- Test your learning improvement on R&D budget analysis through this quiz
- Assessment: R&D and Administration budget
- For testing your improvement, do this quiz on capital budget and the master budget
- MODULE 4 - Financial and reporting model
- Video 1 - Budget monitoring and financial report
- Video 2 - Financing the company - Strategy, budget and financial report
- Video 1 - Financial management and working capital
- Video 2 - The relevance of working capital and cash
- Video 1 - A budget perspective on financial reports
- Video 2 - Financial statements - Cash is king
- Video 1 - Measuring performance: Indicators
- Video 2 - Financial performance management
- Conceptual overview and components
- Managerial view of cash and the budget
- Financial statements and the budget
- Financial and non-financial indicators
- : Check your improvement on the topics by doing this quiz
- Test your improvement through this quiz
- Test your improvement through this quiz
- Financial and non-financial indicators
- MODULE 5 - Budget control
- Video 1 - Why Plan, Budget vs Actual Results and Introduction to Variance
- Video 2 - Variance
- Video 3 - The Connection of Budget and Strategy
- Video 1 - Standards, Objectives & Budgets used to measure performance
- Video 2 - Internal Control
- Video 1 - Results Analysis
- Video 2 - Goals achievement and performance management
- Video 1 - Strategic Planning Process and the Budget – Part 1
- Video 2 - Strategic Planning Process and the Budget – Part 2
- Why Plan, Budget vs Actual Results, Variance and The Connection between Budget and Strategy
- Standards, Objectives, and Budgets used to measure performance & Internal Control
- Results Analysis, Goals Achievement and Performance Management
- Strategic Planning Process and the Budget
- Overview on control function
- Concepts on controlling the budget
- Results analysis and performance management
- Why monitor and control: Strategy and the Budget
- For an overall retrospective of the Budgeting Essentials and Development course, test your learning improvement by doing this QUIZ
- MODULE 6 - Planning Process – Approaches and evolution
- Video 1 - The planning process and approaches
- Video 1 - Traditional budget planning
- Video 2 - Processes of planning and the traditional approach
- Video 1 - Traditional budgeting - The limitations
- Video 1 - Introduction overview on beyond budgeting
- Video 2 - Flexible and Bracket Budgeting
- Video 3 - Zero-Based-Budgeting
- Video 4 - Rolling Forecast
- Video 5 - Activity-Based Budgeting
- Video 1 - Course wrap-up session
- The planning process and approaches
- Traditional budget planning
- Processes of planning and the traditional approach
- The traditional budget planning and its limitations
- Flexible and Bracket Budgeting
- Zero-Based Budgeting (ZBB)
- Rolling Forecast
- Activity-Based Budgeting
- Test your learning improvement on planning approaches by doing this quiz
- Test your learning improvement on planning approaches by doing this quiz
- Test your learning improvement on limitations of traditional planning approaches, by doing this quiz
- Testing your knowledge on the budget planning and the new approaches to budgeting
Summary of User Reviews
Discover the essentials of budgeting and financial management with this Coursera course. Users have given high praise for the practical and hands-on approach of the course. Many users have found the course to be engaging and informative, with a focus on real-world application.Key Aspect Users Liked About This Course
Practical and hands-on approachPros from User Reviews
- Engaging and informative
- Real-world application
- Easy to follow
- Great teacher
- Useful exercises
Cons from User Reviews
- Some sections can be repetitive
- Not enough depth in some areas
- Lacks interaction with peers
- No certificate of completion for free version
- Limited access to course materials
Fernando Fleury
4.5 Raiting
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