Faculty Member

Michael Jones 

Cost

Members: $459.00

Non-Members: $599.00

Description

How do those in online and professional continuing education analyze opportunities, project revenue and expenses, identify prudent ways to manage resources, monitor cash flow, and mitigate financial disaster? How do you measure success and respond to failure, reallocate resources, and determine new investment opportunities? Those in online and professional continuing education often operate as a stand-alone business by relying on revenue to support operating costs, and depending on forecasting, cash flow, and agile pivoting to new strategies.

Topics Covered

• Resource Allocation and Budgeting Basics
• Forecasting 
• Creating a Program Business Plan 
• Evaluating Partnerships 

Learning Objectives

• Differentiate between resource allocation and resource generation budgeting and analyze the implications for online and professional continuing education organizations
• Create a course budget and financial statement
• Create alternative future scenarios
• Understand and evaluate opportunity costs
• Distinguish between development and delivery costs and understand amortization
• Articulate the value proposition of both partners of the partnership
• Anticipate and mitigate the common barriers in forming partnerships

Who should take this course? 

This course is designed for learners at various professional levels, particularly those who have some experience in online and professional continuing education education administration who seek to learn more about financial forecasting and creating budgets at the course, program, and departmental level. 

Format and Schedule

This is a five week course consisting of about five hours of weekly course work made up of readings, asynchronous activities, and a weekly one-hour live class meeting on Wednesdays at 1:00 PM ET via Zoom. 

See what past participants have to say about this course: 

"This is a great course to refresh or review budgeting and forecasting fundamentals in a supportive and encouraging environment. If you have struggled to find a financial management course that is tailored to the particularities of continuing and professional education, this is the course for you! - Suzanne Dove, Bentley University

"Overall, this course was exceptionally run and the material was relevant to the struggles we're facing right now. I speak for my colleagues in saying that we enjoyed this course so much, we are sending 3 additional people to the course."

"I enjoyed sharing with others during the live sessions. It was refreshing to know that we aren't the only institution dealing with budgeting issues. The assignments and readings inspired me to take action on some budgeting items and forecasts that I should have been doing anyway."

"I greatly appreciate all the resources you provided in our course: the readings, lectures, and discussion prompts were excellent."

"The examples of budgets and program planning were so beneficial to me. The readings for course budgeting were insightful and helpful too!"

"I have been asking for this the contents of this very course for 5 years and couldn't find anything remotely relevant. Thank you for this! His book is now my bible."

"I will be sending my program leads to this class next time around."

"I thought the content was very good. I learned some new things and validated my thinking on others."

"A wealth of knowledge. The book is a great tool to keep. Resources provided were top notch. Answered all questions."