Training Budget

Training Budget
Organization: ACME Labrotories Ltd Year: 2019

Department: Human Resource Submitted by: Humayon Kabir-123, Emon Barua- 129

Annual training allotment: $ 200,000.00

1Q Budget: $88,250 2Q Budget: $85,300 Total Budget: $173,550

1st Quarter Training Budget

Line Item Description/Justification Qty. Unit Cost/Rate Total

1 Courseware development $0
2 Courseware purchase 0
3 Certification 30 $ 180.00 5,400
4 Train-the-trainer Trainer from Professional Institutions to train the 1 $ 10,000.00 10,000
5 Hardware purchase Instructors
Purchase of some Multimedia Projector 3 $ 12,000.00 36,000
6 Facility rental They used their own Seminar Hall 0
7 Instructional materials Brochure & Stationary Set 30 $ 95.00 2,850
8 Technical equipment 0
9 Consulting fees Consultaion from specialized consultant 1 $ 15,000.00 15,000
10 Instructor fees 3 $ 5,000.00 15,000
11 Content acquisition 0
12 Travel Travel Cost for consutant & Instructors Trainer 2 $ 2,000.00 4,000
13 Per diem 0
14 0
15 0
Grand Total $88,250

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 Training Budget

2nd Quarter Training Budget

Line Item Description/Justification Qty. Unit Cost/Rate Total

16 Courseware development 0
17 Courseware purchase Purchase of some Online Courses 5 $ 3,500.00 17,500
18 Certification 50 $ 180.00 9,000
19 Train-the-trainer 0
20 Hardware purchase 0
21 Facility rental Hired a Multimedia Traing Center 1 $ 30,000.00 30,000
22 Instructional materials Instruction Book 50 $ 76.00 3,800
23 Technical equipment 0
24 Consulting fees 0
25 Instructor fees 0
26 Content acquisition 0
27 Travel Travel cost for the Participant 50 $ 500.00 25,000
28 Per diem 0
29 0
30 0
Grand Total $85,300

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Courseware development concerns the design and development of appropriate electronic ma
authoring tools and scripting languages to develop multimedia educational materials includ
of appropriate electronic materials for teaching and learning. This includes the use of
educational materials including databases, file systems and website development.
It means purchase of courseware in lieu of developing them. For Exam
f developing them. For Example, Purchase of Online Courses
Certification, the action or process of providing someone or something with an official do
something with an official document attesting to a status or level of achievement.
Train-the-Trainer is a framework for training potential instructors or subject matter experts to
or subject matter experts to enable them to train other people in their organisations.
It refers to purchase of any hardware device which is needed
ware device which is needed to conduct the training
Its refers to rent a training space in an organization to conduct the training. It is required when th
training
aining. It is required when there is no appropriate training facility or space to conduct the
training
Instructional Materials, also known as Teaching/Learning Materials, are any collection of materia
non-human resources that a teacher may use in teaching and learning situations
are any collection of materials including animate and inanimate objects and human and
hing and learning situations to help achieve desired learning objectives.
Technical Equipment means computers, audio-visual and other electronic equipments for the us
most of the time.
ronic equipments for the use of members in the lounge. These are one time expenses in
t of the time.
Consulting fees are the fees that an organisation pays a management consulting firms for the serv
consulting firms for the services provided by consultants on a particular engagement
Instructor fee means a payment which is given to the Instructor who
given to the Instructor who train the participant in a training
Content Acquisition is any purchase of any content (development, production or l
evelopment, production or licensing) by the company or subsidy.
Travel allowances mean that when the employee is sent to a distant location for his/her training
could mean that they pay for the cost or provide the company a certain amount so
location for his/her training then the company needs to provide allowances for travel. It
mpany a certain amount so that he/she can meet this expense.
Per Diem or daily allowance is a specific amount of money that an organisation gives an individ
travelling on the employer's business. It can cover part or all of the
organisation gives an individual like an employee per day to cover living expense when
t can cover part or all of the expenses incurred.