Video 1 - Introduction to R&D budgeting

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Del curso dictado por Fundação Instituto de Administração

Budgeting essentials and development

21 calificaciones

Fundação Instituto de Administração

Budgeting essentials and development

21 calificaciones

The Budgeting Essentials and Development course focus on an integrative and practical view of concepts, methods, and techniques to develop a budget. After finishing this course, learners will be able to: - Develop the budget with a broad view of the corporate functions; - Integrate the strategic guidelines into the discussions of budgeting process; - Structure the budget planning and development in a logical sequence - Coordinate the project of budget planning with the different areas of the company - Actively promote assumptions discussions to improve the process of developing the budget - Apply financial concepts to support the budget planning process - Design a budget monitoring and control model to support the performance management - Evaluate the performance of the company by managing the results and the budget In this course, learners will have a deeper understanding of the budgeting process, its challenges, common issues, and approaches to mitigate the problems and improve the learning curve of budget planning. It is integrative by emphasizing the transition between the corporate strategy and the budget. It is practical by following a structured process of going through a framework that illustrates and demonstrates how to analyze, develop and control the budget.

De la lección

Module 3.2 - The company operations and the Budget

In this module, the discussion goes through a step-by-step framework to support the budget development. Each of the steps represents a relevant component of the budget, and the links between the budget of each area of the company are discussed. The integration of the different area's budget is one of the primary objectives of this module, which will lead learners to an integrative view of the budget development. And this integration is the key learning objective of the module.

Video 1 - Introduction to R&D budgeting3:31

Video 2 - R&D funding5:51

Video 3 - Structuring and controlling R&D6:08

Conoce a los instructores

Alberto Sansiviero Jr.
MBA
FIA Futures Studies Program
Samantha Mazzero
MSc, MBA, BS Math
FIA Profuturo – Futures Studies Program
Nelson Yoshida
Ph.D., MBA, B.Eng.
FIA Profuturo – Futures Studies Program
Roberto Dumas Damas
M.Sc., CFA
FIA Profuturo - Futures Studies Program
Fernando Fleury
Ph.D.
FIA Profuturo - Futures Studies Program

Welcome back. We've just finished with marketing and sales budget discussion.

Now, we start the sessions about research and development budget.

R&D budget is very interesting because there are many different things to analyze.

R&D is related to long-run goals,

competition, judgment, and financial capabilities.

Budgeting R&D leads to discussions about decisions

such as which products and services to receive funding,

which products should have green light,

which business units to receive R&D resources.

These are examples of what subjects you may have to

discuss when developing an R&D budgeting.

Before going through the topics of R&D budgeting,

let's talk about some major topics relate to it.

First, R&D is a key driver for the company because it's related to the future revenues.

Companies that don't invest in R&D will

eventually have some impact on their competitiveness.

Second, we tend to think R&D is mostly connected to new products, new services.

However, a lot of R&D investments go through processes and

the outcomes of these investments may not be visible for most of the people.

Anyway, processes are directly connected to production,

manufacturing, and service delivery.

So, we can see the connection with

the former discussions regarding production and manufacturing budget.

Third, there is a time lapse between revenue and

the budgeted expenses the company did in

the past and those expenses were planned in the R&D budget.

So, the point here is that we should be aware of

the connection between today's profits and yesterday's R&D budget.

Don't overlook disconnection.

Otherwise, you tend to be too short-time oriented in R&D budget.

Fourth, typically, in R&D budgeting process,

a central question emerges.

What would be a recommended level of R&D funding?

Well, there is no direct answer to this question because many factors have influence.

For example, risk in development.

Remember, the success is not a certainty.

The other factor could be the objective of the company regarding

strategic positioning or product or service lifecycle.

Market risk; the R&D project may be a success but market success is another story.

Technological status of the industry;

the technology may still present some uncertainty.

Each of these issues can be drilled down to more specific factors.

For this course purpose,

we won't go into such depth.

We'll briefly discuss these issues in this course

because you probably have to address them when developing

the R&D budget and those who direct work in R&D area will be concentrated in the program.

Well, this is it for an introduction video on R&D budget.

In the next video,

we will go into more details. See you.

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