Innovations Roadmap: Front End – Budget Estimation – Financial Needs
The Innovations Roadmap is an online program designed to equip senior management executives with the inspiration and skills needed for the successful adoption of innovation. There are 29 modules divided into 3 sections: Front-End, Development, and Commercialization.
Here you gain access to one of the ten modules included in Section One: Front End – Click Here for the Full Innovations Roadmap
Budget estimation refers to the setting of expected expenditures around an organization’s core function, which is to say the overall functionality of the firm. Budgeting is not likely to make the top of any manager’s “Favorite Things To Do” list. Yet each year, companies invest substantially to create a comprehensive annual budget, spending heavily for specialty software, staff overtime, and temporary help for data entry. Perhaps more costly (but less quantifiable) are the countless hours spent by senior managers, accountants and financial analysts in preparing their numbers for the report.
The Innovations Roadmap is an online program designed to equip senior management executives with the inspiration and skills needed for the successful adoption of innovation. There are 29 modules divided into 3 sections: Front-End, Development, and Commercialization.
Here you gain access to one of the ten modules included in Section One: Front End – Click Here for the Full Innovations Roadmap
Section One: Front-End – Module Seven – Budget Estimation / Financial Needs Includes:
Learning Objectives
- Understand the meaning of a Budget Estimation and how to manage the process.
- Be able to develop a Budget Estimation for their innovation initiative.
- Understand the basic themes and processes involved in Budget Estimation for an innovation initiative.
- Know the best strategies for managing a Budget Estimation process.
Course Outline & Major Topics
- Introduction
- What is a Budget Estimation
- Why Do You Need Budget Estimation
- Main uses of Budget Estimation
- Get Started
- Very Rough Estimates
- Getting Started – What does it cost?
- Learn
- Up Front Costs
- Production Setup
- Production costs
- Business start-up budget
- Practice
- Sample Budget Estimate
- Apply
- Product development budget estimate worksheet
*Receive a nationally recognized certificate for participation in this course
Who Should Take This Course?
- Innovators
- Team Members & Leaders
- Small Business Owners