Nigerian Seminars and Trainings

Search all upcoming seminars, conferences, short management courses and training in Nigeria and around the World

business logo

Cost Reduction Workshop

By: Impact Training and Management Consulting Limited  

Lagos State, Nigeria

05 - 06 Dec, 2018  2 day

Follow Event

  

NGN 97,500

Venue: 10, Obokun Street, Off Coker Road, Ilupeju, Lagos, Nigeria

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 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 behaviour 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

Content

  • The risks of poor cost control
  • Capital and revenue costs
  • Cost management approaches
  • Cost of quality
  • Process review techniques
  • Capital evaluation techniques commercial & 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 Dec 05 - 06 Dec, 2018
NGN 97,500.00
(Convert Currency)

Taiwo Adegun 08023060462

Discounts off regular fees for Open Programme:
Taiwo A. Adegun, B.Sc., M.Sc, Olarewaju Awodeinde, FCA, ACTI
NST PPC Advert
Related Courses
Leadership Development Programme Leadership Development Programme

2 day, 05 - 06 Dec, 2019 

2019-12-05 12:12:00
Lagos State, Nigeria

Impact Training and Management Consulting Limited

For executives and supervisors to achieve results they must influence people and find ways to inspire, involve and empower them. Ability to provide strong leadership is a critical skill for ...

Selling To Major Accounts Course Selling To Major Accounts Course
On going

3 days, 20 - 22 Nov, 2019 

2019-11-20 12:11:00
Lagos State, Nigeria

Impact Training and Management Consulting Limited

Major account selling requires a long cycle and a big investment of resources. That’s why today’s successful sales professionals are more than just tactical pros—they’re ...

Advanced Human Resources Management Course Advanced Human Resources Management Course

2 day, 05 - 06 Dec, 2019 

2019-12-05 12:12:00
State, Nigeria

Impact Training and Management Consulting Limited

This programme is designed for top HR managers and Heads of HR departments who are increasingly required to give strategic direction in people management particularly in effectively aligning HR ...

Project Leadership Course Project Leadership Course

2 day, 05 - 06 Dec, 2019 

2019-12-05 12:12:00
Lagos State, Nigeria

Impact Training and Management Consulting Limited

Success at managing projects requires conceptual depth, technical skills and ability to influence superiors and associates alike. The job of a project leader is to deliver on stated terms of quality, ...