Agile Project Budgeting Master Class

Welcome to the Agile Project Budgeting Master Class! Over the course of five days, this intensive training program is designed to arm you with the expertise and abilities needed to adeptly manage budgets within Agile projects.

In today's dynamic business landscape, where adaptability is paramount, Agile methodologies have become increasingly prevalent for their capacity to enhance project delivery and swiftly respond to evolving demands. However, conventional project budgeting methods often prove inadequate in the Agile framework, failing to accommodate its iterative and flexible nature.

Throughout this Master Class, we will explore a range of topics, beginning with the essentials of Agile project budgeting. We'll delve into specialized estimation techniques tailored for Agile projects and learn how to meticulously plan budgets based on these estimates. Moreover, we'll address the distinctive challenges associated with Agile contracting and vendor management, alongside strategies for aligning budgets with shifting project requirements. The program will culminate with a focus on the continual refinement of Agile budgeting practices and the cultivation of an organizational culture conducive to Agile budgeting principles.

By the end of this training course, participants will be able to:

• Bridge the gap between Agile project management and budgeting
• Gain a deep understanding of how to plan, track, and control project budgets in an Agile environment
• Develop estimation techniques specific to Agile projects
• Learn how to track and control Agile project budgets, ensuring transparency and effective budget management throughout the project lifecycle

This training course is suitable to a wide range of professionals but will greatly benefit:

• Project managers and team leads
• Finance managers and executives
• Business analysts
• Agile coaches and Scrum Masters
• IT professionals involved in Agile projects
• Anyone interested in learning Agile project budgeting principles and techniques

This Anderson training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes experiential exercises, targeted self-assessments, video examples, skill practices, case studies, team activities and group discussions.

• Introduction to the course and overview of Agile project budgeting
• Understanding the Agile methodology and its impact on project budgeting
• Key principles of Agile project management and how they relate to budgeting
• Overview of traditional project budgeting methods and their limitations
• Agile budgeting frameworks and techniques
• Case studies and examples of Agile project budgeting in action

• Estimating project costs in an Agile environment
• Agile estimation techniques, including story points, relative sizing, and planning poker
• Determining the level of effort and complexity for Agile projects
• Building a budget plan for Agile projects, including cost breakdown and resource allocation
• Strategies for managing uncertainty and risk in Agile project budgeting
• Practical exercises and group discussions on Agile estimation and budget planning

• Monitoring and tracking Agile project budget throughout the project lifecycle
• Agile project metrics for budget control and progress evaluation
• Tools and techniques for tracking Agile project expenses and resource utilization
• Agile budget variance analysis and corrective actions
• Communicating budget status and progress to stakeholders in an Agile context
• Case studies and real-world examples of Agile project tracking and budget control

• Agile contracting models and their implications for project budgeting
• Vendor selection and negotiation in Agile projects
• Agile contract terms and conditions related to budgeting
• Managing Agile project budgets in a multi-vendor environment
• Strategies for maintaining transparency and accountability in Agile vendor management
• Best practices for Agile contract administration and budget oversight

• Adapting and adjusting Agile project budgets as project requirements change
• Budget re-forecasting and reallocation techniques in Agile projects
• Agile budget governance and decision-making processes
• Continuous improvement of Agile project budgeting practices
• Building an Agile budgeting culture within the organization
• Review of key concepts and takeaways from the course

Anderson Certificate of Completion will be provided to delegates who attend and complete the course