Managing a budget - for new managers


Last Published  01 August 2012

This tool looks at how new managers manage a budget. One important approach is to involve the team in account reviews, and this tool explores this and some other mechanisms. Once a budget has been agreed, it is important that managers understand it must be managed as a dynamic force. This tool shows managers how a good budgeting system is one that will provide regular reports to enable them to quickly identify areas that need remedial action. 

Tool aim
  • To give managers some practical tools to help them manage a budget¬†