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Budgeting and Cost Control

March 24, 2020 @ 10:00 am - March 25, 2020 @ 4:00 pm

Budgeting & Cost Control 

(2 days training workshop)

Program Overview & Objectives:

Budgeting and cost control are crucial elements for the management of contemporary organizations. Nowadays, if companies want to stay competitive, they are urged to link their strategies with accurate systems of resource allocation and performance measurement. Along this line, budgeting, as well as tracking, controlling & reducing cost represent essential activities to be performed and monitored by organizations as they implement their key processes, activities and operations.


Training Outline

  • Planning process
  • Budgeting concepts
  • Effects of External Factors on the Budgeting Process
  • Characteristics of a Successful Budgeting Process
  • The Use of Cost Standards
  • Forecasting Techniques
  • Annual Profit Plan
  • Supporting Schedules
  • Top-level planning and analysis
  • Cost Terminology, Measurements and Concepts
  • Relevant Range
  • Cost and variance measures
  • Performance measures


March 24, 2020 @ 10:00 am
March 25, 2020 @ 4:00 pm
Event Category: