IT Funding and Cost Center Management

This IT Funding and Cost Center Management training class provides an introduction to the IT budgeting process. It is ideal for new managers who do not have a budgeting background, seasoned managers that have not had cost center responsibility, and/or anyone who does not have experience in corporate budgeting practices.

This class takes a very narrow view of IT budgeting. It specifically concentrates on the issues, responsibilities, and activities of cost center managers (that is, as a manager responsible for department expenses).

Location

Public Classes: Delivered live online via WebEx and guaranteed to run . Join from anywhere!

Private Classes: Delivered at your offices , or any other location of your choice.

Course Topics
  1. Learn techniques to design, build, and monitor your budget.
  2. Gain knowledge of various IT funding and cost allocation methods.
  3. Learn tips to best utilize your IT budget for maximum effectiveness.
Outline
  1. Importance of Budgeting
    1. Importance to You, Your Company, Your Manager, and Your Peers
    2. Your Relationship with the Finance Department
  2. Components of Your Budget
    1. Budgeting Items When You Have No Control, Some Control, and Full Control
    2. Current Year Expenses vs. Capitalized Expenses
    3. Tools Used in the Budgeting Process
  3. IT Funding and Allocations
    1. Cost Allocations, Charge-backs, and Project Based Funding
    2. Cost-Center Based, Charge-back Based, and Profit-center Based Funding
  4. Budget Process
    1. Budget Timing
    2. Techniques for Forecasting Expenses for Following Years
    3. Budget vs. Actual Reporting throughout the Year
    4. Initial Budgets, Approved Budgets, Revised Forecasts, Revised Budgets, and Reporting
  5. Your IT Budget and ...
    1. Cloud Computing, Increased Video, Mobile Devices, Remote Working, and More
Class Materials

Each student in our Live Online and our Onsite classes receives a comprehensive set of materials, including course notes and all the class examples.

Training for your Team

Length: 1 Day
  • Private Class for your Team
  • Online or On-location
  • Customizable
  • Expert Instructors

What people say about our training

Good class. Great way to get an instructor to your location when on a tight budget. Webucator was aware of our needs and made sure that all of them were met. Thanks.
Rocco Rosa
Public Health Agency of Canada
I would highly recommend Webucator online classes for individuals who currently work in IT as this is the most expedient method to get up to speed on a particular technology.
Jon Feldman
PNC Financial Services Group
Great class. Great instructor.
Vera Scott
n/a
The Customer Service Training provided by Webucator was an excellent way for our team to evaluate our performance. It showed us ways we can improve and helped us acknowledge areas in which we already provide great service. Everyone left the meeting with at least two action items they could implement right away.
Marci Kirk
American Veterinary Medical Association

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GSA schedule pricing

65,334

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12,015

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100%

Satisfaction guarantee and retake option

9.30

Students rated our trainers 9.30 out of 10 based on 30,152 reviews

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