ICM252-Strategic Planning and Budgeting

Module Provider: ICMA Centre
Number of credits: 10 [5 ECTS credits]
Terms in which taught: Spring term module
Non-modular pre-requisites:
Modules excluded:
Current from: 2021/2

Module Convenor: Dr Linda Arch
Email: linda.arch@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.


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: 

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

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

  • Discuss good practice with respect to Excel spreadsheet models 

Additional outcomes:

Outline content:

The lecture topics will include: 

  • Strategic planning and budgeting 

  • Forecasting 

  • Strategic (or capital) budgeting techniques and their limitations 

  • Sensitivity analysis 

  • Good practice in Excel spreadsheet modelling


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

Summative Assessment Methods:
Method Percentage
Written exam 75
Class test administered by School 25

Summative assessment- Examinations:

2-hour closed book written examination

Summative assessment- Coursework and in-class tests:

1-hour multiple choice test. The test will be held in the first two weeks of the Summer Term.

Formative assessment methods:

Penalties for late submission:

Penalties for late submission on this module are in accordance with the University policy. Please refer to page 5 of the Postgraduate Guide to Assessment for further information: http://www.reading.ac.uk/internal/exams/student/exa-guidePG.aspx 

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 (£14.99)

Casio FX-85GTX (£16.99)

Last updated: 8 April 2021


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