Budgeting & Cost Control

All business decision-making involves analyzing situations containing varying degrees of risk. This program uncovers the essential skills required to understand the processes of budgeting and cost control for better decision-making. From understanding the importance of a well-defined budget process through to the importance of how costs behave so that realistic cost-cutting and budgeting plans can be produced. In this program you will learn how to:

• Identify the principal factors required to produce a successful business case
• Develop budgeting and financial skills required for better decision-making
• Identify sources of financial and business data to support the budgeting process
• Learn new techniques and methodologies to simulate typical business scenarios

• Understand the importance of a well-defined budget process
• Learn costing and budgeting terminology used in business
• Master techniques for cost-benefit analysis
• Learn how to construct profit, cash, and balance sheet plans and budgets
• Learn how to evaluate variances from plan and identify corrective actions
• Understand discounted cash flow (DCF) techniques and their application to financial decision making
• Build and use budgets relevant to your organization

• Finance Managers and Financial Analysts
• Accountants and Senior Accountants
• Budgeting and Cost Control Professionals
• Cost Controllers and Cost Accountants
• Project Managers and Project Coordinators
• Operations Managers and Supervisors
• Department Heads and Team Leaders
• Business Planning and Strategy Professionals
• Commercial and Procurement Professionals
• Professionals involved in financial decision-making and performance management
• Professionals seeking to enhance budgeting, costing, and investment appraisal skills
• Newly appointed managers requiring stronger financial and budgeting knowledge