The effective management of budgets and operational costs is a key aspect of 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 conference is relevant for those professionals and analysts facing the difficult challenge of improving performance while reducing the costs of those processes for which there are accountable.
At the end of this conference the participants will be able to:
Master the budgeting process
Understand costs behavior
Explore traditional & innovative approaches to Budgeting & Cost Control
Analyze process costing
Manage balanced scorecard
Financial Planning & Control Staff
Those with Direct or Indirect Financial Responsibilities
Those From Every Business Discipline and Department Who Have to Run Departments and Budgetary Plans, and Who is Responsible for Cost and Strategic Analysis
Those From All Sectors of Industry, Irrespective of Functional Responsibilities, But Particularly Those Involved in Manufacturing, Production, Engineering, or Sales
Those Working in a Project Management Environment
The key role of budgeting and cost control in contemporary organizations
The 21st-century business imperative: delivering value-added (but to whom?)
Financial vs. Managerial accounting (for decision making)
Understand your processes: integrating financial and non-financial aspects
The budgeting process
Examples & Discussion
The key features of budgeting
Advantages and concerns with budgeting
Accountability and centers of responsibility
Zero-based budgeting
Budgeting and cost control
Examples & Discussion
Different costs for different purposes
Fixed vs. Variable costs
The Cost-Volume-Profit analysis model
Contribution Margin analysis
Examples & Discussion
Under-costing and over-costing: the consequences for profitability
Indirect (OH) vs. Direct costs:
Traditional Cost Allocations systems vs. Activity-Based Costing (ABC)
Linking resources, activities, and management
Variance analysis
Video, Case Study, and Examples
Broadening performance measurement systems
Beyond budgeting: integrating financial and non-financial issues
We all operate in an increasingly complex commercial and professional environment that requires us to negotiate on a daily basis not only with customers, clients, suppliers and contractor, but also with managers, fellow employees and colleagues within our own organisation.
‘Mastering Negotiation Skills’ is a five-day course designed to explain the negotiation process in detail and demonstrate how to use it effectively, giving delegates the negotiation skills and strategies they need to succeed in today’s challenging commercial environment.
The ability to negotiate effectively and manage conflict is one of the most valuable skill sets we can develop within our organization. Not only does developing these skills allow us to negotiate better deals by creating and then claiming value, but it also enables us to manage teams more expertly, interact more constructively with colleagues and manage conflict effectively.
This course provides both a comprehensive strategic analysis of the negotiation process as well as the essential tools for planning and managing every negotiation. Delegates will learn to negotiate excellent outcomes both externally with suppliers, contractors, and customers but also internally within your organization between colleagues, departments, and managers.
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