Managing Reduced Budgets in the Public Sector

An In-House Training Course2 Days - On Request

This course has been developed for managers in the public sector who are being asked to improve results in the face of reduced revenue and budget cuts. This practical course, focusing on practical tools and techniques, reviews the key principles and practice of sound financial management. Delegates will leave the course able to manage the specific challenge of dealing with reduced budgets whilst still achieving the best possible results.

This course will be delivered at your organisation, exclusively for your managers, on a date to suit you. For cost effectiveness we recommend that the minimum group size is 5 delegates.


Comments from clients attending Spearhead Training finance courses:

"Very good course, very informative. Presented in a practical and easy to understand way"
" Patient tutor, had excellent delivery"
"Educational and fun"
"Tutor excellent"
"Exercises were excellent"
"Very thorough"

Programme Contents

The Challenge of Managing with Reduced Budgets
- Implications of revenue reduction and budget cuts
- Lessons from commercial management
Financial Planning and Effective Budgeting
- Research and essential preparation
- Revenue vs results
- Forecasting resource requirements
- Prioritising resources
Managing Funding and Revenues
Managing and Controlling Costs
- Fixed and variable costs
- Capital expenditure
- Operational expenditure
- Cost control methods
- Economies of scale
- Outsourcing
- The test of appropriateness and necessity
- Cost sharing opportunities
Risk Management
- Identifying the risks that arise when budgets are reduced
- Risk control and management
Maximising Operational Results
- Opportunities for increasing efficiency
Managing the Implementation of Changes Imposed by Budget Cuts
- The 7 stages of change management
- Presenting the business case
- Overcoming resistance to budget changes
- Managing staff reactions
- Monitoring and measuring
- Identifying impact
Your Action Plan