How to create a budget for your project

One of the biggest challenges in L&D project planning is figuring out what learning solutions should actually cost. Without a clear understanding of realistic cost estimates, resource allocation, and vendor pricing, budgets can be either wildly inaccurate or difficult to justify to stakeholders.

This session is designed to help you confidently estimate costs and build a budget for learning initiatives, whether you’re creating instructor-led training, eLearning, blended programs, or coaching solutions. You’ll learn how to forecast expenses for content development, technology, vendors, and facilitation, using real-world benchmarks and industry rules of thumb. You’ll also discover common budgeting mistakes to avoid and how to make a strong case for the budget you need. Whether you’re managing a large-scale training rollout or a single-course development project, this session will give you the knowledge and tools to create accurate, defensible budgets from the start.

Your people will learn how to:

Estimate the costs of learning projects with confidence, so you can avoid guesswork and ensure your budget aligns with actual project needs.
Break down budget components, making it easier to justify costs and ensure nothing critical is overlooked.
Apply realistic rules of thumb for different learning modalities, so you can quickly and accurately estimate costs for eLearning, instructor-led training, and blended programs.
Identify hidden costs and common budgeting pitfalls, so you can prevent unexpected expenses that could derail your project.
Justify budget requests to stakeholders effectively, increasing the likelihood of securing the funding you need.
Adjust estimates based on project scope, complexity, and available resources, ensuring budgets are both realistic and defensible.
Determine when to build in contingencies, so you can handle unforeseen changes without exceeding your budget or delaying the project.

Capacity

20 people

Location

Your site or virtual

Duration

3 hours

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About BCL

Understanding how people learn isn’t always enough. To get projects done and make sure you target the right goals, you have to navigate complex organizations and their social environments. That’s where consulting experience is a huge advantage. We combine deep understanding of learning with practical management consulting experience. This is the key to delivering high end learning experiences that move the dial.

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Ready for true behavior change?

BCL is a full-service learning development and consulting agency based in Durham, NC. Originally founded as Bull City Learning in 2013, BCL creates high-impact learning programs that precisely target our clients’ most pressing performance needs.

600 Park Offices Drive, Suite 300, P.O. Box 13965, Durham, NC 27709

888-675-4323