An Interactive 5-Day Training Course
Cost Planning, Control & Optimization
Enhancing Your Financial Skills to Increase Your Business Potential
Course Overview
Cost control is important and yet presents certain challenges. Costs must be managed without compromising either safety or production quality. This innovative Cost Planning, Control & Optimization training course presents the delegates with practical tools and techniques which can easily be applied immediately within their company and work. It also introduces to the delegates the emerging tools and techniques to develop for the future.
This GLOMACS training course will help the delegates to save their employers money without damaging the business or sacrificing the quality. This Cost Planning, Control & Optimization training course will feature practical, engaging and innovative new techniques from different organisations. This training course will also help the delegates to identify and deliver savings without affecting the performance, capability, strategy, delivery or safety.
Training Outline
DAY 1: Cost, Profit, Risk and Cash
- Costs and Profit
- Objectives - Mission & Vision - Profit Now vs. Profit Later
- Strategy and How It Guides Cost Management Decisions / Strategy Models and Costs Management
- Cost vs. Value / Value Focused Approaches Profit Drivers
- Costs and Cash
- Cash vs. Profit
- Cost – Cash and Non-cash
- Costs Management vs. Cash Management / Capital vs. Revenue Managing Capital Cost / Managing Revenue Cost
- Cost and Risk
- Introduction to Risk
- Cost and Risk
DAY 2: Costs & Costing
- Understanding and Working with Costs
- Cost vs. Value
- Value Based Cost Management / Thinking
- Plan for Cost Reduction and Profit Improvement
- Fixed and Variable Costs Income Statement
- Break-even Analysis / Contribution Margin
- Costing Approaches – Full Absorption, Marginal, ABC
- New Ideas in Cost Management – Lean Principles / ABC – Big data
DAY 3: Planning and Forecasting Costs / Risk
- OPEX Planning Approaches
- Value Engineering Approaches Applied to OPEX and Personnel Incentives
- G&A Cost Planning and Valuation
- Forecasting Tools and Techniques
- What is Risk?
- Modelling Costs and Profit and Risk
- OPEX Long-term Forecast
- OPEX Planning and Performance Monitoring
DAY 4: Investment Appraisal and Projects – Capital Budgeting
- Building Cashflow Models for Decision Making
- CAPEX Planning System
- Factors Used to Evaluate the Efficiency of CAPEX Projects, Annual Investment Program
- CAPEX Planning
- Applying Time-adjusted Measures - The Time Value of Money
- Net Present Value (NPV) and Internal Rate of Return (IRR)
- Sensitivity Analysis, Scenario Analysis, Simulation/Monte Carlo Analysis
- The Importance of Flexibility and Options
- Dealing with Risk and Changing Circumstances
DAY 5: Budgets and Cost Control
- The Budgeting Process
- The Role of Budgeting
- Annual Budgeting Process
- Identifying and Resolving Budgeting Variances
- Different Budgeting Systems in Use Today
- Budgeting Tips and Techniques
- Variance Analysis
- Beyond Budgeting
Certificates
- On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
- Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Accreditation
GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.
Providers and Associations
About Saudi Glomacs
At Saudi GLOMACS, we specialize in delivering world-class training courses in Saudi Arabia and across various international locations. Our training courses are tailored to meet the unique demands of Saudi Vision 2030 and the Human Capability Development Program, focusing on empowering Saudi citizens and enhancing workforce skills. We offer diverse courses spanning leadership, management, engineering, and technical disciplines to cultivate expertise and drive professional growth. Our flexible learning options—whether in-person, online, or in-house—ensure accessibility and convenience for individuals and organizations alike.
With over 30+ years of experience through the GLOMACS global network, we are committed to delivering innovative, results-driven training solutions. Our expert instructors combine industry knowledge with dynamic teaching methods, fostering practical skill development and long-term career success. By choosing Saudi GLOMACS, you're investing in personal excellence and contributing to the Kingdom’s sustainable economic growth and vision-driven transformation.
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