| Effective
Cost Minimization
Benefits and Added Value
As a manager you will, no doubt, involve in managing
an increasing number of complex projects, and therefore facing a
lot of situations in which you have to reduce the cost. The objective
of the course is to help managers optimize their profit and to introduce
the design of management control system. Moreover it introduces
the measures that will guide to diagnose the need for and manage
the implementation of cost reduction schemes.
Structure
This program will be conducted over five sessions, five
hours per session, i.e. 25 hours. It will cover the following topics
and issues:
- Performance concepts.
- Management control system and organizational goals.
- Designing management control system.
- Standards & standard costs.
- Variances and Investigating variances
- Controllability and measurement of financial performance
- Non-financial measures of performance.
- Diagnosing the need for cost reduction.
- Diagnosing areas of cost reduction
- Suggested methods & procedures for cost reduction
Target Participants
This program is targeting the current and potential project
managers and directors in different industries in order to engage
them in a brainstorming experience about Contemporary Cost Reduction
Applications.
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