Cost Management & Budgeting Techniques
Course Description
This course will teach the participants how to create a more meaningful budget, and how to use this budget to make more effective important financial decisions. Throughout this course, participants will identify effective methods for translating their organization’s strategic initiatives into measurable financial targets. Best practices for cost estimating, budgeting, and variance tracking are explored using the latest techniques.
The Training Course Will Highlight ?
Training Objective

  • Learning how to create positive budgets
  • Understanding how to keep budget relevant to organization’s needs
  • Being able to strategically link budget to management action and decisions
  • Being familiar with the major weaknesses of traditional budgeting techniques
  • Creating an adaptive performance measurement framework

Using alternative techniques to traditional budgeting

Target Audience

  • Management Accountants
  • Business Accountants
  • Finance Managers
  • Business Analysts
  • Team leaders

Anyone interested and wanted to develop his performance in cost management and budgeting techniques

Training Methods

  • This interactive Training will be highly interactive, with opportunities to advance your opinions and ideas and will include;
  • Lectures
  • Workshop & Work Presentation
  • Case Studies and Practical Exercise
  • Videos and General Discussions

Daily Agenda

DAY 1

  • Introduction to cost management and budgeting 
  • Best practice for cost estimating, cost budgeting, and cost control
  • Cost management plans
  • Creating a cost baseline

 

DAY 2

  • Organizational cost budgeting dependencies
  • Control thresholds
  • Earned value assumptions
  • Contracting basics

DAY 3

  • Overview of the control costs process
  • Inputs to the control costs process
  • Tools and techniques for the control costs process
  • Outputs from the control costs process
  • Procurement planning
  • Reporting formats

DAY 4

  • Techniques for preparing budgets and forecasts
  • Strategically linking budgets to management action
  • Non-financial budgets
  • Best practice with respect to resource types and cost accrual methods
  • Classifying costs correctly

DAY 5

  • Microsoft Project's resource sheet
  • Developing cost estimating models in Microsoft Project
  • Custom views and tables in Microsoft Project
  • Predict cost overruns requiring corrective action
Accreditation

BTS attendance certificate will be issued to all attendees completing minimum of 75% of the total course duration.

Quick Enquiry

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Course Rounds : (5 -Days)


Code Date Venue Fees Register
ACC129-02 12-05-2024 Dubai USD 5450
ACC129-03 01-09-2024 Dubai USD 5450
ACC129-04 08-12-2024 Cairo USD 5450
Prices doesn't include VAT

UpComing Date


Details
  • Start date 12-05-2024
  • End date 16-05-2024

Venue
  • Country UAE
  • Venue Dubai

Quality Policy

 Providing services with a high quality that are satisfying the requirements
 Appling the specifications and legalizations to ensure the quality of service.
 Best utilization of resources for continually improving the business activities.

Technical Team

BTS keen to selects highly technical instructors based on professional field experience

Strengths and capabilities

Since BTS was established, it considered a training partner for world class oil & gas institution

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Abu Dhabi, UAE

1st floor, Incubator Buildingو Masdar City, Abu Dhabi, UAE

00971-2-6446633

Sun to Fri 09:00 AM to 06:00 PM

info@btsconsultant.com

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