Budgeting is not likely to make the top of any manager’s “Favorite Things To Do” list. Yet each year, companies invest substantially to create a comprehensive annual budget, spending heavily for specialty software, staff overtime, and temporary help for data entry. Perhaps more costly (but less quantifiable) are the countless hours spent by senior managers, accountants and financial analysts in preparing their numbers for the report.
Upon completion of this Module, learners will:
- Understand the meaning of a Budget Estimation and how to manage the process.
- Be able to develop a Budget Estimation for their innovation initiative.
- Understand the basic themes and processes involved in Budget Estimation for an innovation initiative.
- Know the best strategies for managing a Budget Estimation process.