ICM252-Strategic Planning and Budgeting

Module Provider: ICMA Centre
Number of credits: 10 [5 ECTS credits]
Level:7
Terms in which taught: Spring term module
Pre-requisites:
Non-modular pre-requisites:
Co-requisites:
Modules excluded:
Current from: 2022/3

Module Convenor: Dr Xi Li
Email: xi.li@icmacentre.ac.uk

Type of module:

Summary module description:

This module enables students to explore the concepts of strategic planning and strategic (or ‘capital’) budgeting. It introduces a range of techniques for strategic budgeting. It illustrates concepts using topical, real-world events and cases.

Aims:

This module aims to introduce students to key concepts connected with strategic planning and budgeting; to introduce capital budgeting techniques; to consider risk in strategic planning and budgeting; and to consider modelling in practice.

Assessable learning outcomes:

By the end of the module it is expected that students will be able to:Ìý

• Explain the purpose and benefits of strategic planning and budgeting, as well as the limitationsÌý


• Apply the main techniques associated with strategic (or capital) budgetingÌý


• Discuss good practice with respect to Excel spreadsheet modelsÌý

Additional outcomes:

Outline content:

The lecture topics will include:Ìý

• Strategic planning and budgetingÌý


• ¹ó´Ç°ù±ð³¦²¹²õ³Ù¾±²Ô²µÌý


• Strategic (or capital) budgeting techniques and their limitationsÌý


• Sensitivity analysisÌý


• Good practice in Excel spreadsheet modelling

Ìý

Brief description of teaching and learning methods:

The core theory and concepts will be presented during lectures. Seminars will be used to practice techniques or for critical analysis.

Contact hours:

Ìý	Autumn	Spring	Summer
Lectures		10
Seminars		5
Guided independent study:	Ìý	Ìý	Ìý
Ìý Ìý Wider reading (independent)		10
Ìý Ìý Wider reading (directed)		30
Ìý Ìý Advance preparation for classes		10
Ìý Ìý Preparation for seminars		10
Ìý Ìý Revision and preparation		25
Ìý	Ìý	Ìý	Ìý
Total hours by term	0		0
Ìý	Ìý	Ìý	Ìý
Total hours for module	100

Summative Assessment Methods:

Method	Percentage
Written exam	100

Summative assessment- Examinations:

2-hour closed book written examination.

The examination for this module will require a narrowly defined time window and is likely to be held in a dedicated exam venue.

Summative assessment- Coursework and in-class tests:

Formative assessment methods:

Penalties for late submission:

The below information applies to students on taught programmes except those on Postgraduate Flexible programmes. Penalties for late submission, and the associated procedures, which apply to Postgraduate Flexible programmes are specified in the policy £Penalties for late submission for Postgraduate Flexible programmes£, which can be found here: /cqsd/-/media/project/functions/cqsd/documents/cqsd-old-site-documents/penaltiesforlatesubmissionpgflexible.pdf
The Support Centres will apply the following penalties for work submitted late:

• where the piece of work is submitted after the original deadline (or any formally agreed extension to the deadline): 10% of the total marks available for that piece of work will be deducted from the mark for each working day (or part thereof) following the deadline up to a total of five working days;
• where the piece of work is submitted more than five working days after the original deadline (or any formally agreed extension to the deadline): a mark of zero will be recorded.

The University policy statement on penalties for late submission can be found at: /cqsd/-/media/project/functions/cqsd/documents/cqsd-old-site-documents/penaltiesforlatesubmission.pdf
You are strongly advised to ensure that coursework is submitted by the relevant deadline. You should note that it is advisable to submit work in an unfinished state rather than to fail to submit any work.

Assessment requirements for a pass:

50% weighted average mark

Reassessment arrangements:

Re-sit of the 2-hour closed book written examination to be taken in August/September.

Additional Costs (specified where applicable):

One of the following calculators:

• Casio FX-83GTX (c. £13.99)


• Casio FX-85GTX (c. £13.99)

Last updated: 30 January 2023