Costing and Cost Management (Intensive)

(2 Days workshop)

Overview and Objectives:

Implementing a cost management structure can help a business keep their over-all budget under control. When you are using project cost management, it sets a baseline for project costs. That means it governs the decisions and directions you take when managing costs. This helps you keep the project on track without going over budget.

Workshop Contents:

• Introduction for Cost Management
• Terminology, Measurements and Concepts
• Classifications of Costs – Types of Costs and Cost Allocation
• Relevant Range
• The Flow of Manufacturing Cost
• Inventory Costing Systems
• Joint products and By-products
• Cost accumulation systems
• Overhead Cost Allocation
• Operational efficiency – Supply Chain Management
• Business Process Improvements