Why you need cost management training?

The first step in successfully managing any project is a cost management strategy as well as to have a project budget that realistically reflects the costs for executing the plan.

This cost management training gives the tools you need to develop reliable cost estimates by assessing necessary resources, applying one or more cost estimating methods, adjusting the calculations based on resource availability and project risk, and evaluating the quality of cost estimates prepared by others.

This workshop is ideally suited to those involved in contract negotiations as well as those responsible for improving their organizations’ operational results. Sales and marketing personnel will also benefit by understanding their costs and providing better solutions to key customers.

This program will benefit all cost professionals seeking a better understanding of today’s complicated cost process. It will examine the roles, responsibilities, and perspectives of the parties involved in the cost process.

It will also provide an overview of cost management, identify common contract-related pricing issues and considerations, cost development, detecting and quantifying risk and offer practical tips for dispute avoidance and resolution.

Attendees will learn the fundamentals necessary to implement a successful cost program – one that helps each party reap the benefits and opportunities while minimizing cost. Participants will acquire an understanding of proven techniques and methods globally recognized as industry best practices to successfully plan and execute cost-efficient projects.

The workshop was designed to be a right mix of theory, experiences, and practice, using CostPerform to demonstrate the practical use of theoretically advanced cost models to make decisions and improve cost efficiency. Attendees will be able to use some of the reporting functions in CostPerform to give fact-based answers to business-economical questions.

Cost analysis is 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 with this line, budgeting, as well as tracking, controlling & reducing cost represent essential activities to be performed and monitored by organizations as they implement their vital processes, businesses, and operations.

In addressing these issues, this training course is relevant for those professionals & analysts facing the difficult challenge of improving performance while reducing costs of those processes for which there are accountable.

This course is accredited by AACEI International.

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