Welcome to my newsletter “Behind the Numbers”.

A fortnightly newsletter where I share tips for Budget Owners on how to own your budget. I may also share an interesting sporting stat along the way.

For those of you who know my story you’ll get why numbers and sport are so much part of who I am.

How to identify the budget owners in your organisation

I was about to start a workshop when one of the participants approached me.

“I don’t own a budget. Do I need to be at this session?”

You might be hearing something similar?

Let’s talk about who the budget owners in your organisation might be.

The most common level of budget ownership in an organisation is at a Cost Centre or Department level.

You may also have a budget owner who is responsible for a budget in one of the following areas:

1. market segment (e.g. state or territory)

2. cost line (e.g. training)

3. Vendor

4. Project / Program

5. Job / Task

Another way to identify budget owners is to ask a couple of simple questions:

Have they been asked to approve something recently?

If the answer is Yes, then they most likely have been allocated some funding to manage resources.

Is their manager a budget owner?

If the answer is Yes, they will be looking to their team for collective ownership of the budget.

Everyone is a budget owner at some level in an organisation. Understanding this is a great starting point.

Own your budget so it doesn’t own you.

PS: Are you ready to own your budget? Let’s have a chat.

You are receiving this as a past participant of one of my Finance workshops. Or we may have worked together in the past. If you don’t want to receive these newsletters in the future, please feel free to unsubscribe using the link below