FINANCE & ACCOUNTING - Effective Budgeting & Operational Cost Control
Nowadays, if contemporary organizations want to stay competitive, they are urged to think in terms of process-value added to customers/shareholders. In line with this, budgeting, as well as tracking, controlling & reducing costs represent essential activities to be performed and monitored by organizations as they implement their key processes, activities and operations. In addressing these issues, this workshop is relevant for those professionals and analysts facing the difficult challenge of improving performance while reducing costs of those processes.
PARTICIPANTS WILL BE ABLE TO:
-Identify key cost awareness and budgetary skills.
-Integrate the organization's strategic planning with budgets and processes of cost control.
-Explore traditional versus innovative budgetary techniques.
-Become familiar with activity-based budgeting (and costing).
-Link budgetary processes with quality issues and business process improvement
-Identify key financial indicators for the business, and how and when to monitor them
-Discuss the problems and limitations of budgetary control and seek alternative tools
-Interpret budgets and performance measurement as communication tools.
-All professionals with direct or indirect financial responsibilities from every business discipline who are responsible for budgeting and costing
-Those involved in manufacturing, production, engineering or sales
-Professionals working in a project management environment and for quality specialists