Effective Budgeting and Cost Control – 5 days course for managers in cost management & budgeting
Preparing realistic budgets and ensuring compliance with them is a critical pre-requisite for the effective financial management of any department or organization.
This intensive Effective Budgeting and Operational Cost Control course is designed to ensure that managers are able to reach this goal by providing a thorough overview of the key concepts and methodologies involved in cost management and budgeting. In order to provide a complete picture, it also explores the issue of operational costs and how these need to be controlled in order to promote financial discipline and respect budgeting limit
The effective management of budgets and operational cost is a key aspect in leading and managing organizations. Nowadays, if contemporary organizations want to stay competitive, they are urged to think, plan and act in terms of value added to customers and shareholders. Along this line, budgeting, as well as tracking, controlling & reducing cost represent essential activities to be performed and monitored as strategies get executed.
In addressing these issues, this course is relevant for those professionals and analysts facing the difficult challenge of improving performance while reducing costs of those processes for which there are accountable