Effective Budgeting
& Operational Cost Control

The Effective Budgeting & Operational Cost Control training course offers essential guidance in managing financial performance. Effective budgeting and operational cost control are crucial for organizations to maintain competitiveness by adopting best practices and employing appropriate planning and control tools to enhance value for customers and shareholders. Activities such as budget preparation, analysis, and cost management ensure the alignment with long-term strategic goals.

This training course comprehensively covers these critical areas, catering to anyone involved in budgeting and cost management responsibilities at various levels—whether departmental, business unit, project, or organizational.

This Anderson course will feature:

• Practical management accounting applications
• The budget process and best practice
• Traditional and alternative methods of budgeting and cost control
• Purposes and benefits of cost analysis
• KPIs and the balanced scorecard

By the end of this training course, participants will be able to:

• Implement the budgeting process
• Identify the various types of cost behaviour
• Consider traditional and innovative approaches to budgeting and cost control
• Carry out cost analysis
• Use a balanced scorecard