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. Proper planning, as well as tracking, controlling & reducing cost represent crucial activities to be performed and monitored as strategies get executed. In addressing these issues, this training course is relevant for those professionals and analysts facing the difficult challenge of improving performance while reducing costs for the business and processes they are accountable for.
TRAINING COURSE OBJECTIVES
By attending this HERO training course you should achieve these goals:
Master the Budgeting Process
Understand Costs Behavior
Explore Traditional & Innovative Approaches to Budgeting & Cost Control
Improve Cost Savings Activities
Manage KPIs and Balanced Scorecard
DESIGNED FOR
This training course is suitable to a wide range of professionals but will greatly benefit those with direct or indirect budget responsibilities within a Team, Department or Division.
COURSE OUTLINE
Amongst a wide range of valuable topics, the following will be prioritized:
Understand the Role of Budgeting and Costing in Modern Organizations
Link Budgeting with Strategic Planning
Explore the Budgeting Process
Analyze OPEX and CAPEX
Understand Cost Classification
Use Contribution Margin Analysis
Manage Direct and Indirect Costs
Explore Variance Analysis
Understand Performance Measurement and Management
Select KPIs and Develop proper Dashboards and Scorecards.
