Budgeting and Cost Control

Budgeting and Cost Control is simply a must for contemporary organizations. This interesting course help you master the most widely used internal tools for planning and monitoring activities and sustaining performance over time – Budgeting & Cost Control.

The Budgets are inextricably linked with both strategy formulation and execution. But accurate Budgets depend on Cost Control and analysis. It is essential to understand how costs behave so that realistic plans can be produced, and appropriate financial and non- financial resources can be made available to the business. Management Control builds on the budgets to understand variances and take corrective actions. This course will allow you to master the traditional tools of budgeting and control as well as new dynamic approaches, which reflect and respond to the current complex business environment.

This course will feature:  The links among Strategic planning, Budgeting and Cost Control; The key features of Budgeting; A deep understanding of Cost terms and concepts; Traditional and innovative approaches to Budgeting and Cost Control; an understanding of the impact of non-financial KPIs on Strategic planning, Budgeting & Cost Control.

Course Objectives:

At the end of this course, participants will be able to;

• Build an integrated planning, budgeting and reporting process
• Understand the role of Budgets within organizations
• Understand Costs behaviour and manage costs more effectively
• Master traditional and innovative approaches to Budgeting and Cost Control
• Select the performance measurement systems and the KPIs that work

Who should attend?

This course is suitable to a wide range of professionals but will greatly benefit those with direct or indirect budget responsibilities within a team, a department or a division. Moreover, the training course is suitable to first appointment 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:

• Financial Planning & Control Staff
• Those with direct or indirect financial responsibilities
• 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 those  involved in manufacturing, production, engineering or sales
• Those working in a project management environment

Delivery Method:

This course combines theory and practice. Therefore, besides in-class lectures, discussions and exercises, we use company examples to illustrate how the techniques presented have been applied in real case studies. The purpose is to use a mix of proven learning techniques to ensure maximum understanding, comprehension and retention of the information presented.

Venue: London

Fee: $5,000.00

Duration: 1 Week

Course Date: February 13th – 17th, 2023