Target Audience

Directors, Head of Departments, Finance Managers, Operations Managers, Managers and Supervisors.
Programme Standards

- Maximum 6 attendees
- 30 days of one to one support
- Handouts
- Programme director/s with at least a Masters Degree in the subject
- Convenient morning timings or in-house at any time for a minimum of two bookings
- Can be configured to address a number of professions and industry sectors

Price

EUR248 ex VAT per participant.
Cost Cutting Management Workshop
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By covering these key topics, participants in the workshop can gain practical insights and actionable strategies for identifying cost-saving opportunities, implementing effective cost-cutting measures, and driving sustainable financial performance within their organisations, even without an accounting background.
Topics Covered

1.  Expense Analysis and Identification: 
   - Techniques for identifying and categorising various types of expenses within an organization.
   - Understanding cost structures and cost drivers across different departments or business functions.
   - Strategies for conducting expense analysis to identify areas of overspending or inefficiency.
   - Tools and methodologies for tracking and monitoring expenses over time to identify trends and patterns.

2.  Cost Reduction Strategies: 
   - Introduction to different cost reduction techniques and methodologies, such as value engineering, process optimisation, and lean management principles.
   - Identifying low-value or non-essential expenses that can be reduced or eliminated without impacting core business operations.
   - Implementing cost-saving initiatives, such as renegotiating contracts with suppliers, consolidating purchases, or streamlining workflows.
   - Encouraging cost-conscious behaviour and fostering a culture of continuous improvement across the organisation.

3.  Budgeting and Forecasting: 
   - Basics of budgeting and financial planning for non-accountants, including creating and managing budgets effectively.
   - Techniques for developing accurate financial forecasts and projections to anticipate future expenses and revenues.
   - Aligning budgeting and forecasting processes with organizational goals and strategic priorities.
   - Tools and software applications available for budgeting, forecasting, and financial analysis, tailored for non-accounting professionals.

4.  Performance Measurement and Monitoring: 
   - Understanding key performance indicators (KPIs) related to cost management and financial performance.
   - Establishing benchmarks and performance targets to measure progress towards cost reduction goals.
   - Implementing monitoring mechanisms to track and evaluate the effectiveness of cost-cutting initiatives over time.
   - Using performance data to make informed decisions, identify areas for further improvement, and adjust cost-cutting strategies as needed.