Effective Budgeting, Cost Control & Analysis
- Last updated 6 months ago
Budgeting and cost analysis are crucial elements for the management of contemporary organizations. Nowadays, if companies want to stay competitive, they are urged to link their strategies with accurate systems of resource allocation and performance measurement. Along this line, budgeting, as well as tracking, controlling & reducing cost represent essential activities to be performed and monitored by organizations as they implement their key processes, activities and operations.
This training course will help participants to understand the main concepts and methodology around cost management and budgeting and gaib in-depth knowledge in analyzing.
✓ Understand how to budget and control costs
✓ Utilize modern methods of cost control, budgeting and forecasting to help reduce costs for your clients or business.
✓ Explore traditional versus innovative budgetary techniques
✓ Explore capital budgeting techniques and cash flows
✓ Understand the importance of balancing financial and non-financial measure in managing projects
✓ Link budgeting and costing with strategy execution
✓ Analyze the budget and cost
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