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Managing Your Costs and Budget More Effectively

By: Budding Heights Development Company

Lagos State, Nigeria

20 - 26 Jul, 2016  7 days

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NGN 80,000

Do you know the costs associated with every area you oversee? Do you fully understand the financial impact of your decisions? Are you familiar with the ins and outs of forecasting and budgeting?

In this course, you will discover how to quantify the results of your work. Determine whether the profit earned is higher than the costs of site space, machines, inventory, customer credit, etc. And measure the value you create.

Learning Objectives:

  • Analyzing costs
  • Identifying the various costs associated with your work
  • Determining how to calculate costs
  • Knowing how to manage costs by department
  • Evaluating your performance
  • Setting monthly targets
  • Knowing your company’s strategy
  • Identifying the sources of value creation
  • Translating managerial decisions into dollars                                           
  • Associating your forecasts with the company strategy
  • Gaining proficiency in budgeting
  • Knowing how to revise your budget

Course Features

  • Assess all aspects of your operation and control the risk of slippages
  • Discover the different characteristics of various tasks to better understand the results of your work
  • Make forecasts that are consistent with the company's strategy
  • Effectively manage the costs relating to your work
  • Become proficient in the methodology behind and steps involved in drawing up a budget
  • Establish a budget utilizing scenarios you select
  • Evaluate the impact of your decisions in terms of cost, economic performance and value creation
  • Anticipate how your decisions impact subordinates’ behavior
Best Western Starfire Hotel, 128 Joel Ogunnaike Street, GRA Ikeja, Lagos Jul 20 - 26 Jul, 2016
NGN 80,000.00
(Convert Currency)

+234 810 495 1079, +234 701 881 7970

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