Businesses often encounter financial difficulties as a result of either inadequate budgeting or errors within the compilation of the budgets. This Cost Control training course takes a practical approach to financial planning for the organization and considers: the compilation of budgets; how to identify potential problems arising and suggests actions which can be taken. It also looks at ways of improving financial control using budgets, so as to avoid reduced profits and/or financial problems.

After this course you will understand that cost control is cost management rather than cost reporting. You will be able to apply the principles of cost control on your projects. You can determine what factors you need to take into account when doing cost control. And you will understand what information your report needs to contain. You will also be able to read and interpret cost control reports made by others

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Business analysts, systems analysts and those who lead or participate in projects that involve simplifying, improving, restructuring, modeling or reengineering key business processes