Principles of Managing Operations and Budgets

Overview

This course looks at how organisational strategy is developed, how it relates to the operational plan, and how to implement the operational plan for your department/team.

Why choose Principles of Managing Operations and Budgets

Explores the use of reliable data in operational management, the financial governance and compliance requirements that organisations need to operate within, importance of finance and operating within a budget, how to control different types of costs in a budget and how to monitor and control a budget.
Highlights problem-solving and decision-making, and their importance in the management role.
Includes video tutorials, interactive quizzes, worksheets and assignments to allow learners to apply their knowledge in work environments.

Course content

The course contains eight modules:

Development of Organisational Strategy – by the end of this module, you will understand the meaning of organisational strategy and the activities, tools and people involved in developing strategy.

Implementing an Operational Plan – by the end of this module, you will understand how to implement an operational plan within the limits of the resources available.

Managing Data – by the end of this module, you will understand how different types of data is collected, managed and used in operational management.

Organisational Financial Governance and Compliance – by the end of this module, you will understand how organisations manage financial governance and compliance and how they can achieve value for money.

Finance – by the end of the module you will understand the need for business accounting and develop an understanding of key terminology required to interpret financial accounting statements.,

Budgeting – by the end of the module you will understand the need for business accounting and develop an understanding of key terminology required to interpret financial accounting statements.

Problem-solving – by the end of the module you will understand and be able to apply the problem-solving process and the different approaches that support problem solving in the workplace.

Decision-making – by the end of the module you will understand the steps in making effective decisions and how to apply different decision-making techniques in the process.