Business Continuity and Cost Control Strategies

The purpose of this training will be to provide guidance in alignment with international best practice and standards, Good Practice guidelines of the Business Continuity Institute (BCI). Business continuity should not be viewed in isolation and links to the following response plans should also be considered:

• Emergency Response Plan

• Disaster Recovery Policy and procedures

• Crisis Management

• Understand why business continuity is necessary

• Outline fundamental BCM principles and concepts

• Explain and understand the link and relationship between risk and BCM in order to build organisational resilience

• Overview of international standards and best practice

• Understand the BCM lifecycle covering the following key areas:

 • Policy and programme management

• Embedding BCM

• Business Impact analysis and risk assessment

• Business continuity strategies

• Implementation of business continuity plans

• Performance evaluation

• Validation and testing of business continuity plans

• Outline key role players for BCM roles and responsibilities

•         What is Costing?
•         Cost Concepts and Terminology
•         Different Costs for Different Purposes
•         Fixed vs. Variable Costs: The Cost-Volume-Profit Analysis Model
•         Contribution Margin Analysis
•         Manufacturing vs. Non-manufacturing Costs
•         Period vs. Product costs: Inventory Evaluation and Control

Traditional vs. Advanced Techniques in Cost-control

•         Under-costing and Over-costing: The Consequences for Profitability
•         How to refine a Costing System?
•         Indirect vs. Direct Costs
•         Traditional Cost Allocations Systems vs. Activity-Based Costing
•         Cost Hierarchy & Cost Drivers
•         Linking Resources, Activities and Management
•         Introducing Activity-Based Budgeting and Management

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.