Budget Preparation, Allocation and Cost Control
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Course Details
- Introduction
- Objective
- Who should attend
Effective cost management ensures that a project's budget is on track and will be completed according to its planned scope. Without cost control, a company can easily lose money and costs can go above project profit.
Budget Preparation, Allocation & Cost Control training is essential for organizations and assists them in the decision making and planning process.
This course provides participants with crucial cost awareness and budgetary skills by combining techniques analysis, problems and examples of real case studies, which is essential in managing and controlling processes / projects in times of increasing global competition where the budgets are inextricably linked with both strategy formulation and cost analysis.
Course Outline
Budgeting & Cost Control in the Management System: Link with Strategic Planning
- Budgeting and the Management System of Contemporary Organizations
- Strategic Planning, Budgeting and Management Control
- Strategic Management Accounting – Setting Goal and Objectives
- From Strategic to Operating Plans – Actions and Initiatives
- Measuring and Managing the Performance – KPIs and targets
- Managerial Accountability
Course Video