Course Objectives:

• 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 Outlines:

• 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
• Financial Affairs personnel

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