This course is designed to give the participants a detailed understanding of the broad field of cost engineering and cost management. Key areas of cost management is covered by discussing the process of controlling and planning the resources, profitability, risk and cost.
This program is designed to give the participants a detailed understanding of the broad field of cost engineering and cost management. Key areas of cost management are covered by discussing the process of controlling and planning the resources, profitability, risk and cost.
There are 4 key modules which will be covered in this workshop namely as 'cost estimation and control, basic cost engineering, project management and engineering economics. It also includes the basic overview of total cost management framework and much more.
Cost control is one of the most widely used tool for planning and monitoring organizational activities, as well as to support future strategic decision. Importantly, cost analysis is inextricably linked with strategy formulation, the budgetary process and performance management.
'This seminar addresses key questions and look at some fundamental and also advanced management accounting techniques used in modern enterprises. The aim is to equip business managers and management accounting with necessary tools and knowledge to progress in the new competitive environment.
You will be able to understand basic and applied economic analysis concepts, track cost, control cost, understand Project planning and Management, learn about contract management and so much more.
This course details key areas like inventory valuation, process costing, standard costing and job costing. It covers various aspects of an accountant role-play such as target costing, capital budgeting, cost of quality, constraint analysis, cost collection system etc.