Budgeting and Cost Management

This comprehensive training program on Advanced Budgeting & Cost Management offers participants crucial skills in cost awareness and budgeting. These skills are vital for effectively managing and controlling resources, especially in the face of growing global competition. The course emphasizes the integral connection between budgets, the attainment of strategic objectives, and the assessment of plans and initiatives.

Objectives

• Refine costing and budgeting terminology used in business
• Understand the importance of a well-defined costing and budgeting process
• Determine full costs of outputs for the goods and services provided
• Master traditional techniques and recent best practices on budgeting/cost management
• Link finance and operation for budgeting purposes and strategy execution
• Learn how to build a comprehensive performance measurement system