Forecasting, Budgeting, and Managing Money in an Environment of Uncertainty and Risk - May 2025
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Register
- Non-member - $599
- Member - $459
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 3:00 PM ET via Zoom beginning Wednesday May 14.
Michael Jones
Director of Academic Program Development and Support
University of Connecticut
Michael Jones is the Director of Academic Program Development and Support at the University of Connecticut. In this role, he leads a team focused on launching and supporting innovative, revenue-generating academic programs. His portfolio includes program design, market analysis, enrollment strategy, and long-term financial planning. Michael also oversees UConn’s Summer Programs and the Office of Professional and Continuing Education, further expanding access and opportunity for diverse learner populations. Previously, Michael served for eight years as the Finance and Strategic Operations Lead at UConn’s Center for Excellence in Teaching and Learning (CETL), where he managed financial, HR, and strategic operations. He worked closely with the Associate Vice Provost to enhance the performance and impact of all CETL units.
With 15 years of experience in higher education, including nine at UConn, Michael has also held leadership roles at the University of Maryland, College Park. Before transitioning into higher education, he spent a decade in the private sector at AT&T, where he developed a strong foundation in business operations that continues to inform his work in higher education. He holds an MBA from the University of Maryland Global Campus and is an EdD Candidate at Northeastern University.
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."
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