Project Management Institute

Understanding and Managing Budgets


This course covers budgets and how they are used in organizational settings. You will gain an understanding of the uses and functions of master budgets, operating budgets, sales, production and cost of goods sold budgets, and cash budgets. You will also learn how organizations are using different budgeting techniques to deal with operating challenges.
After completing this course, you'll be able to:
  1. Recognize the uses and functions of budgeting
  2. Recognize the key activities, considerations, and benefits of strategic organizational planning
  3. Recognize the purpose and make-up of a master budget
  4. Identify the components and calculations used to create a master budget and recognize uses for this information
  5. Identify the components and purpose of an operating budget
  6. Recognize how sales, production, and cost of goods sold budgets are created and perform related calculations
  7. Recognize the purpose of cash budgets and how they are prepared
  8. Identify ways the budget process can be managed for optimal results and recognize the benefits and limitations of the management-by-objective system
Upon successful completion of this course, you will earn 3 PDUs (.75 Technical and 2.25 Business /Strategic)

Who Should Take This Course

Non-financial managers

Course Information

Member Price
Non-Member Price

Not a PMI Member?

Become a member and take advantage of the knowledge and networking available near you through local PMI chapters.

Join PMI