Title:Using Budgets for Management and Control
PMI Product ID:00101505000
PDU Category:CategoryA
PgMP® PDUs:1
Member Price:$45.00
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Student Member Price:$45.00
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Detailed Description:This course requires Adobe Flash Player version10.xx, 11.xx or 12 to run.

Please click here to learn more about the Adobe Flash Player. Click “Check Now” in section 1 to see if Flash Player is installed on your computer. If you’re not running a supported version, please click the hyperlink “Adobe Flash Player download “ in section 2. If you have any questions, please contact Professional.Development@pmi.org.
Delivery Method:E-Learning (Self-Paced)
Duration:1 Hours
Course Objectives:One of the most important uses of budgets is as a control tool. Once the budgets for various departments are planned and approved, they drive each department's activities to achieve its budgetary goals. Departmental managers, along with organizational leadership, review departments' performance over a designated period and identify variances from budget goals. In particular, they identify adverse variances and, where possible, they take corrective measures to bring each department's performance back on track. If the causes of variance are beyond an organization's control, the budgets have to be revised. This course explores budget variance analysis as a tool for controlling and managing business activities in an organization. It presents some examples of effective management during the budgetary planning and control process. It also discusses various types of budget variances and how to identify some of the common ones, using appropriate examples. And it explores variances, their underlying causes and which ones are worth investigating using a budgeted income statement. By the end of the course, you should:

•recognize examples of effective management during the budgetary planning and control process
•determine how to respond to variances in a given scenario
•match examples of causes of variances that impact profit to the appropriate corrective actions
•determine which variances of an income statement variance report are worth investigating in a given scenario

Appropriate Audience:Finance and nonfinance professionals, functional managers, executives and all individuals involved directly or indirectly with the budgetary planning and an organization’s control
Technical Requirements:Browser: Microsoft Internet Explorer 8 and 9 or 10 and 11 in “compatibility mode” Firefox 20.x or higher, CHROME 30.x or higher
Internet Connection: 56 KB Modem as minimum, 128 KB recommended
Memory: 256 MB minimum, 512 MB recommended
Operating System: Windows 2000, XP or Windows 7 or 8 (This course is not supported on iOS phones and tablets)
Plug-in: Macromedia Flash 10 or higher plug-in
Processor: Pentium II 300 minimum, Pentium III recommended
Speakers: Multimedia speakers or headphones
Course Level:Intermediate
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