Course Description

In the present day, the human mind is often absorbed in so much data, that it has trouble processing the multitude of facts and relationships at the same time and sometimes forgets important elements. Hence, as a plan become more and more intricate, they should be documented in writing and include qualitative narratives of goals, objectives, and means of achieving the goals.

The effective management of budgets and operational cost is a key aspect in leading and managing organizations. Today, if modern-day organizations want to stay competitive, they are advised to think, plan and act in terms of value added to customers and investors.

Course Objectives:

By the end of this training course, participants will be able to:

• Discuss the problems and limitations of budgetary control and look for alternative tools
• Interpret budgets and performance measurement as communication tools
• Describe the role of budgets in the management process
• Identify different cost control measures
• Measure and evaluate performance
• Develop flexible budgets for evaluating short-term financial performance
• Explain the essence of control systems.

Who Should Attend?

• Financial planning and control staff
• Those with direct or indirect financial responsibilities
• Those working in a project management environment
• Those from all sectors of industry, irrespective of functional responsibilities, but particularly those involved in manufacturing, production, engineering or sales

Delivery Method:

• In-class lectures
• Discussions and exercises
• Live group instruction
• Use of case studies and real world examples

Venue:  

Fee: 

Duration: 1 Week

Date: November 14th – 18th, 2022