- TypeTraining or Development Class
- Location Devimpact Institute, Nairobi, Kenya
- Date 22-01-2024 - 26-01-2024
Education/Teaching/Training/Development
Finance
Accounting/Financial/Banking/Insurance
Projects or businesses cannot be successful without accurate and timely project cost estimating. Estimating is a practice that occurs throughout the project/ business management lifecycle, and so it must be done effectively and efficiently. In today’s firms, cost analysis and budgeting are essential components of management. Companies nowadays are recommended to align their strategies with precise systems of resource allocation and performance evaluation if they desire to remain competitive. In keeping with this, planning, cost tracking, control, and reduction are crucial tasks that businesses must carry out and keep an eye on while they undertake their most crucial aspects.
This training on cost Estimation, budgeting and cost Control is important for professionals and analysts who must improve performance while lowering costs for the processes they are responsible for. In an era of intensifying global competitiveness, where budgets are intrinsically tied to both the accomplishment of strategic objectives and the assessment of upcoming plans and initiatives, this training course equips participants with key cost awareness and budgeting skills.
Target Participants
Training on Cost Estimation, Budgeting and Cost Control is ideal for finance professionals, project staff, sales/marketing professionals, accounting professionals, procurement staff, all those responsible for making significant decisions concerning costs, plans and budgets for projects and anyone who wants to refine and advance their budgeting and costing knowledge
Course Duration
Online 7 Days
Classroom-based 5 Days
What you will learn
By the end of this course the participants will be able to:
Course Outline
Introduction to Budgeting and Cost Management
The Budgeting Framework
Cost Management for Budgeting Purposes
Traditional vs. Advanced Techniques in Cost-control
Performance Measurement Systems
Training Approach
This training on cost estimation, budgeting and cost control course is delivered by our seasoned trainers who have vast experience as expert professionals in their respective fields of practice. The course is taught through a mix of practical activities, presentations, group works and case studies.
Training manuals and additional reference materials are provided to the participants.
Certification
Upon successful completion of this training on cost estimation, budgeting and cost control, participants will be issued a certificate.
Tailor-Made Course
We can also do this as a tailor-made course to meet organization-wide training needs. A training needs assessment will be done on the training participants to collect data on the existing skills, knowledge gaps, training expectations and tailor-made needs.