London: £4,500.00 (Excl. VAT) per delegate for 1 week.

23rd-27th June 2025 (London, UK), 22nd-26th September 2025 (London, UK), 15th-19th December 2025 (London, UK),

Course Overview

This course is designed to equip managers with essential skills and strategies for managing and controlling costs within their organizations. As businesses strive to enhance profitability and efficiency, effective cost control becomes critical. This course provides a comprehensive understanding of cost concepts, tools, and techniques that managers can apply to optimize resources and drive financial performance.

 

Learning Outcome

• Identify and analyze various cost types relevant to their organization.

• Develop and manage budgets effectively while monitoring performance.

• Utilize cost control techniques to improve operational efficiency.

• Interpret variance analysis results to inform decision-making.

• Apply cost management principles to enhance strategic planning and resource allocation.

 

Indicative Contents

• Understanding different types of costs (fixed, variable, direct, indirect).

• The importance of cost control in achieving organizational goals.

• Developing effective budgets and financial forecasts.

• Techniques for monitoring budget performance and variance analysis.

• Analyzing the relationship between costs, volume, and profit.

• Using CVP (Cost-Volume-Profit) analysis for decision-making and strategic planning.

• Implementing cost control systems and practices.

• Key performance indicators (KPIs) for cost management

• Utilizing financial and non-financial metrics to evaluate performance

• Understanding the purpose and methods of variance analysis.

• Analyzing variances to identify trends and areas for improvement

• Assessing the financial implications of strategic choices.

• Strategies for enhancing operational efficiency.

• Lean management and Six Sigma principles in cost control.

• Utilizing cost information for pricing, outsourcing, and investment decisions.

 

More Detail
Duration	This is a one-week programme spread over 5 working days.
Certification	A certificate of completion is issued on successful completion of the programme.
Location	(London, UK), (London, UK), (London, UK)
Travel and accommodation	Travel and accommodation to be paid for at source by delegates.
Fees	London: £4,500.00 (Excl. VAT) per delegate for 1 week.