Budget Planning, Implementation and Monitoring

Every organisation has its goals and aspirations. These goals and aspirations are defined and demarcated into short, medium, and long term plans. In the private and public sectors, the budget is a legal instrument that stipulates how goals and aspirations which has been detailed in its policies and programmes will be pursued.
Budgets should reflect development priorities, and ensure that available resources are adequate to finance current objectives that will provide equitable service. Executives tasked with budget responsibilities, therefore, need the knowledge to conduct an effective analysis of the financial and non-financial implications of their allocations.

Training Objectives
This training is intended to equip corporate and government executives with the requisite knowledge of the components of budget strategies and to improve their ability to prepare a budget, implement, and monitor the implementation. They will be able to understand the different techniques for appraising budget performance.

Learning Outcomes
At the end of the course, delegates would have a proper understanding of the budgetary process – balanced budgets, budget surplus, and budget deficit. They will be able to provide effective oversight functions on-budget implementation. Acquire knowledge about the core principles of budget monitoring and evaluation.

Course Outline
 The Concept of Budgeting: Practical Aspect of the Planning, Implementation and Monitoring Process
 Performance-Based Budgeting: Meaning and Practical Aspect of the Planning, Implementation and Monitoring Process
 Theoretical Perspective of Budgeting
 Legal framework for Budgeting
 Need-based budgeting to meet overall organization and country targets for local needs and priorities
 Stakeholders buy-in budget preparation, enactment, implementation and auditing
 Budget assumptions, forecasting, and contingencies
 Analysis of revenue – taxes, allocated funding, fees, etc.
 Expenditure Analysis: recurrent and capital
 The potential impact of budget decisions and political repercussions
 Risks and challenges of associated with the budget allocation for short, medium and long term
 Financing of budget deficits – austerity, necessary expenditure versus budget sustainability
 Best and worst practices in budget management – case studies
 Factors impeding budget implementation

Target Audience
The course is designed for mid-level to senior-level managers who are involved in the budgetary process.

Mode Of Delivery

Face-to-face learning with instructor-led class exercises and project-based/assignments learning methodology
3 days of learning sessions
Course material and Course Certificate will be issued
Virtual learning available on request