Online Courses

Discount Packages

Ethics, Laws and Rules

Live Webinars

Video Presentations

Courses by Provider


CED Monthly

Subscribe and get 20% off

Your name:

Your e-mail:




FB Twitter LinkedIn

Budget Concepts for Non-Financial Leaders

COURSE NO: K04-003
PDH CREDIT: 4
COURSE PROVIDER: Richard Grimes, MPA, CPT
Budget Concepts for Non-Financial Leaders
Note: New Jersey, New York, Ohio and Pennsylvania Professional Engineers: This course does not qualify for PDH credit by your State Licensing Board. For complete information, please visit the websites of the NJNYOH and PA State Licensing Boards.
Course Highlights

This online engineering PDH course attempts to address that situation by helping non-financial employees understand some of the major considerations involved in budget development and introduces them to typical budget development questions such as "how would the quality of an organization's leadership skills impact the development of a budget?"

 

Organizations commonly expect their mid-and lower level leaders to do their best to keep activities "within the budget" or to curtail non-essential activities near the end of the fiscal year when the budget is nearly depleted. Rarely, though, do these organizations involve these same leaders in the data selection, collection, and manipulation necessary in the typical budget development process. The budgets are simply imposed on them as they are told "you can only spend this much" and "we will tell you when to stop spending".

 

The 4 PDH online course is intended for those professionals in mid-level or line leadership positions in organizations or projects who do not have financial backgrounds to understand more about the behind-the-scenes activities involved in selecting, collecting, and monitoring data involved in typical budget development. It helps non-financial leaders understand the variables associated with a budget; the various methods of collecting historical data for predicting future demands; how to utilize break-even points in determining equipment and staffing needs; and shows them a practical way to monitor a budget using typical spreadsheet software.

Learning Objectives

This PE continuing education course is intended to provide you with the following specific knowledge and skills:

  • Understanding the need for a budget   
  • Considering important topics and questions when developing a budget   
  • Understanding why the quality of leadership skills must be considered when developing a budget   
  • Developing a budget using historical data   
  • Learning how to use various data forecasting methods and when   
  • Understanding what it the organization's "general ledger" and why you should know   
  • Learning how and why to use "break even" points in determining equipment and staffing needs   
  • Understanding and applying the concepts of "capacity" and "forecasting"   
  • Understanding each department's role and responsibility in managing their share of the budget   
  • Developing a budget monitoring process
Course Document

In this professional engineering CEU course, you need to review the document titled, "Budget Concepts for Non-Financial Leaders".

To view, print and study the course document, please click on the following link(s):
Budget Concepts for Non-Financial Leaders (955 KB)
Course Quiz
Once you complete your course review, you need to take a multiple-choice quiz consisting of twenty five (25) questions to earn 4 PDH credits. The quiz will be based on the entire document.

 

The minimum passing score is 70%. There is no time limit on the quiz, and you can take it multiple times until you pass at no additional cost.
Certificate of Completion

Upon successful completion of the quiz, print your Certificate of Completion instantly. (Note: if you are paying by check or money order, you may print your Certificate of Completion after we receive your payment.) For your convenience, we will also email you your Certificate of Completion. Also, you can log in to your account at any time to access and print your Certificate of Completion.

To buy the course and take the quiz, please click on: