Performing cost benefit analysis allows companies to measure the benefits of a decision (benefits of taking action minus the costs associated with taking that action). It involves measurable financial metrics such as revenue earned, and costs saved as a result of the decision to pursue a project.
Cost analysis is linked with strategy formulation, the budgetary process and performance management. It is crucial to interpret how costs behave so that realistic budgets and plans can be produced, and appropriate financial and non-financial resources can be made available to the business.
This programme will allow you to explore the traditional tools of cost analysis and control as well as new advanced approaches, which reflect and respond to the current complex business environment.
What Do Participants Learn from Cost Analysis to Support Strategic Decisions Online Course?
How to add value to the bottom line
Enhance cost awareness and its relationship with strategy
Describe specific cost analysis and performance measurement techniques
Learning how to get from cost to strategy than to performance measurement
Broadening the management accounting knowledge
Deliver more timely and useful information to decision maker
Identify and manage key financial and non-financial indicators for the business
This Cost Analysis to Support Strategic Decisions Online Course ideal for:
All business professionals and sectors of industry, irrespective of functional responsibilities, where personnel have to plan and cost, and who are responsible for strategic analysis
Other professionals who would like to increase skills from having the opportunity to consider new ideas and methods