NGO Budget Monitoring Essentials
Build your financial foundation in forecasting, donor financial reports, project budget reports, and more
Description
Explore a variety of practical NGO budget monitoring tools and techniques you can use to manage projects internally as well as share externally for donor reporting. From budget comparisons to variance analysis to forecasting, you’ll learn how to work with a complete financial toolkit.
Plus, you will have the opportunity to apply the skills to a real-life case study for experiential learning. At the end of the five weeks, you’ll have a library of recommended NGO budget monitoring tools and techniques — and the confidence to use them.
What you will learn
By the end of the course, you will be able to:
- Compare a project budget with actual performance
- Calculate variance and grant usage percentages to assess progress compared to plan
- Analyze budget variances using a three-criteria model
- Create a Variance Analysis Table to identify significant differences and follow up actions
- Create a project budget forecast report
How you will learn
Format
Self-directed
Effort
3 hrs/per week
Duration
4 Weeks
Certificate
Digital
Humentum’s self-guided, flexible online trainings provide hands-on learning through engaging videos, assignments, and readings. Participants can connect and engage with peers around the world, all while an expert facilitator is available to answer your questions. The platform is user-friendly and available for a set duration, allowing learners to work at their own pace. Each week, new modules become available as you earn points by completing tasks like watching videos, reviewing resources, and interacting with others. The training consists of four modules and estimated to require three hours per module, depending on the learner’s pace and prior experience. You can find out more about our financial trainings in this video:
Who should attend
Anyone in the NGO sector with responsibility for implementing and managing projects; program or organization-wide budgets; reporting to donors and other stakeholders on project performance; reviewing implementing partners’ project performance.
Previous budgeting experience is useful in order to attend this course. We recommend attending Humentum’s Budgeting Essentials first if you are new to budgeting.
If you’re still not sure if this course is right for you, feel free to contact us and we can help!
