Effective Budgeting & Operations Cost Control

PROGRAM OVERVIEW

The Effective Management of Budgets and Operational Costs is a must for leading modern organizations successfully. Nowadays, if organizations want to stay competitive, they are urged to think, plan and act in terms of value added to customers and shareholders. Budgets are essential in this context. 

By attending this course participants will achieve these goals:master the Budgeting Process,understand costs,behavior,explore traditional & Innovative approaches budgeting & cost control,improve cost savings activities,manage KPIs and Balanced Scorecards.   Along this line, budgeting, as well as tracking, controlling & reducing cost represent essential activities to be performed and monitored as strategies get executed.

WHO SHOULD ATTEND?

This course is designed for professionals on fast-track development programs, and to professionals from every business discipline and department who have to run budgetary plans, and who are responsible for cost and strategic analysis, including: Financial planning and control Staff,those from every business discipline and department who have to run departments and budgetary plans, and who are responsible for cost and strategic analysis. Those from all sectors of industry, irrespective of functional responsibilities,but particularly for manufacturers,producers, engineers, HR specialist, sales personnels. Overall for those working in a project management environment and anyone who is interested in taking this course.

LEARNING CURRICULUM

■Understand the Role of Budgeting and Costing in Modern Organizations

■Link Budgeting with Strategic Planning

■The Budgeting Process

■Cost Analysis

■Manage Direct and Indirect Costs

■Explore Variance Analysis

■Understand Performance Measurement and Management

■Select KPIs and Develop proper Dashboards and Scorecards

This course relies on the use of individual and group debriefs. The course also features the use of several case studies and presentations by participants followed by plenary discussions. In addition, videos and exercises are used to demonstrate the skills required for effective learning experience.

FURTHER DETAILS

■When: 7th - 8th september, 2023

■Where: Physical Class, Ilupeju-Lagos (Virtual option available) 

■Programme Commences 10am- 3pm each day.

■Course Fee: N80,000. 

Early Bird: 5% Discount. 5-10 Participants (5% discount). 11 or more participants. (10% discount). This covers Course materials and Certificate of attendance.