The Essentials of Budgeting & Cost Control 528517 Why Choose this Training Course?Budgeting and Cost Control is simply a must for contemporary organizations. This interesting Oxford training course help you master the most widely used internal tools for planning and monitoring activities and sustaining performance over time – Budgeting & Cost Control.The Budgets are inextricably linked with both strategy formulation and execution. But accurate Budgets depend on Cost Control and analysis. It is essential to understand how costs behave so that realistic plans can be produced, and appropriate financial and non-financial resources can be made available to the business. Management Control builds on the budgets to understand variances and take corrective actions. This Oxford training course will allow you to master the traditional tools of budgeting and control as well as new dynamic approaches, which reflect and respond to the current complex business environment.This Oxford training course will feature:The links among Strategic planning, Budgeting and Cost ControlThe key features of BudgetingA deep understanding of Cost terms and conceptsTraditional and innovative approaches to Budgeting and Cost ControlAn understanding of the impact of non-financial KPIs on Strategic planning, Budgeting & Cost ControlWhat are the Goals?By the end of this Oxford training course, participants will be able to:Build an integrated planning, budgeting and reporting processUnderstand the role of Budgets within organizationsUnderstand Costs behavior and manage costs more effectivelyMaster traditional and innovative approaches to Budgeting and Cost ControlSelect the performance measurement systems and the KPIs that workWho is this Training Course for?This Oxford training course is suitable to a wide range of professionals but will greatly benefit those with direct or indirect budget responsibilities within a team, a department or a division. Moreover, the training course is suitable to first appointment professionals on fast-track development programs, and to professionals from every business discipline and department who have to run budgetary plans, and who are responsible for cost and strategic analysis:Financial Planning & Control StaffThose with direct or indirect financial responsibilitiesThose from every business discipline and department who have to run departments and budgetary plans, and who are responsible for cost and strategic analysisThose from all sectors of industry, irrespective of functional responsibilities, but particularly those involved in manufacturing, production, engineering or salesThose working in a project management environmentHow will this Training Course be Presented?This Oxford training course combines theory and practice. Therefore, besides in-class lectures, discussions and exercises, we use company examples to illustrate how the techniques presented have been applied in real case studies. The purpose is to use a mix of proven learning techniques to ensure maximum understanding, comprehension and retention of the information presented.
