Cost Management

Catalog description

This course focuses on ways to improve cost efficiency without compromising quality or growth. Whether an organization is seeking to make immediate cost cuts, better position the business for future growth, or both, it needs the right mix of intelligent cost optimization measures tailored to its unique business needs. This strategic approach to cost management goes beyond cost cutting and instead emphasizes new value creation and continuous cost improvement. This course covers the key factors and methods involved in choosing and analyzing cost structures, and the cost management practices that can be strategically applied across the various functions of a business organization to analyze and forecast costs and to improve organizational performance. The course emphasizes the methods available to measure and evaluate costs for planning, forecasting, and decision-making. The material is designed for managers and consultants who will be involved in implementing cost management activities, as well as analysts, investors, and strategic planners involved in competitive cost analysis and financial forecasting.