Course Objective  

• Explain the concept of Management Process
• Determine the components of Management Process
• Define the Cost Management
• Apply the Cost Planning Techniques
• Apply the Cost Reduction Techniques
• Apply the Cost Control & Performance Appraisal Techniques

 Course Outline

• Management Process and Cost Management
• The Concept and Components - Management Process
• The Concept and Components - Cost Management Process
  • Definition of Cost Management    
  • Strategic Cost Management
  • Operating Cost Management
• Cost Planning          
  • Activity-Based Costing
  • Cost Reduction Systems
  • Just-In-Time (JIT) and Cost Reduction
  • Cost Standardization.  
• Cost Control
  • Variance Analysis
  • Variance Investigation
  • Balanced Scorecard

Who Can Benefit?

• Vice Presidents of finance, controllers, senior finance managers, executives Accountants, and Financial Affairs personnel