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).

Goals
  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

Webucators - the best thing since the backspace key.
Eric Robertson
Pennsylvania State Legislative Data Processing Center
Great class.
Tracey Roberson
Defense Finance & Accounting Services (DFAS)
As a fairly new PowerPoint user with very little previous knowledge other than on the job training, this course was very informative. The content and presentation were easy to follow. The instructor was very knowledgeable and thorough. I look forward to attending the Advanced course as well!
Dianne M Musser
Surescripts, LLC.
Once again, Webucator has impressed me. The instructors go above and beyond to ensure you're comfortable with the class content and they work at a pace that'll keep you interested in learning more.
Cassandra Ashe
FDIC

No cancelation for low enrollment

Certified Microsoft Partner

Registered Education Provider (R.E.P.)

GSA schedule pricing

61,868

Students who have taken Instructor-led Training

11,794

Organizations who trust Webucator for their Instructor-led training needs

100%

Satisfaction guarantee and retake option

9.29

Students rated our trainers 9.29 out of 10 based on 28,801 reviews

Contact Us or call 1-877-932-8228