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 Oct 23.