Nigerian Seminars and Trainings

Search conferences, training, seminars, courses and workshops in Nigeria and around the world

business logo

Cost Reduction Workshop

By: Impact Training and Management Consulting Limited  

Lagos State, Nigeria

15 - 16 Feb, 2016  2 day

Follow Event

  

NGN 87,500

The future of every business depends on how well costs are managed and controlled. The cost of running business increases naturally. Without the ability to contain rising costs, an entity’s market attraction is lost and cash flow stifled. Business survival therefore, requires managers’ commitment to cost control and creation of cost conscious culture. This  training course looks beyond cost cutting to consider awareness, process efficiency and other strategic cost management approaches even as stiff to reduce operation/project costs is pursued.

Learning Objectives

At the end of this course, participants will:

  • Understand cost behavior and become cost conscious
  • Fundamentally reduce cost through process improvement
  • Apply life-cycle costing in capital evaluation
  • Make ZBB a real control tool
  • Perform cost variance analysis and demonstrate the use of standard costs in flexible budgeting
  • Analyze cost-volume profit techniques to determine optimal managerial decisions
  • Prepare a master budget and demonstrate an understanding of the relationship between the components
  • Use activity-based costing where applicable to control cost
  • Produce action oriented reports
  • Deliver long lasting and tangible saving to the organization

Learning Content

  • The risks of poor cost control
  • Capital and revenue costs
  • Cost management approaches
  • Cost of quality
  • Process review techniques
  • Capital evaluation techniques commercial and technical reviews
  • Sensitivity analysis
  • The ZBB and budgetary control measures
  • The concept of decision packages
  • Managing Direct and indirect cost
  • Activity-based costing (ABC)
  • Cost control performance measures and ratios
  • Cost control report
  • Action planning.

For whom

Managers and executives in all function who need to review operation and projects to achieve significant cost reduction.

10, Obokun Street, Off Coker Road, Ilupeju, Lagos, Nigeria Feb 15 - 16 Feb, 2016
NGN 87,500.00
(Convert Currency)

08023060462

Related Courses
Effective Change Management Effective Change Management

2 day, 10 - 11 Jul, 2017 

2017-07-10 12:07:00
Lagos State, Nigeria

Impact Training and Management Consulting Limited

Organizations face major challenges when they modify operations and processes, merge, introduce new technologies, or respond to changing regulations and customer needs.     This ...

Performance Management Workshop Performance Management Workshop

2 day, 15 - 16 Jun, 2017 

2017-06-15 12:06:00
Lagos State, Nigeria

Impact Training and Management Consulting Limited

This course covers the techniques and processes for managing employee and team performance. Setting targets and measuring achievement are key to the attainment of performance objectives. This course ...

Professional Selling Skills Professional Selling Skills

3 days, 17 - 19 Jul, 2017 

2017-07-17 12:07:00
Lagos State, Nigeria

Impact Training and Management Consulting Limited

This course addresses the challenges of selling goods and services or capital equipment today. It will show your salespeople how to operate professionally and profitably in the most competitive ...

Selling in Tough Times Selling in Tough Times

2 day, 22 - 23 Jun, 2017 

2017-06-22 12:06:00
Lagos State, Nigeria

Impact Training and Management Consulting Limited

This special two-day course is designed to introduce new skills and approaches to provide a stimulus for the more experienced team members, so that they can have something new to try out to improve ...