An Intensive 5-day Training Course

Cost Planning, Control & Optimization

Enhancing Your Financial Skills to Increase Your Business Potential

NASBA

Course Introduction

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 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.

Objectives

As a result of this training course, delegates will gain better understanding cost control and it will provide opportunities for immediate savings and long term sustainable saving for the organisations. Delegates will be engaged, challenged and motivated to make a significant difference within their organizations.

By the end of this Cost Planning, Control & Optimization training course, participants will be able to:

  • Proactively manage costs
  • Seek opportunities for cost reduction
  • Effectively control costs
  • Make better use of cost budgets, plans and forecasts
  • Understand project appraisal
  • Control costs with projects

Training Methodology

Formal trainer led input will be mixed with discussion, case studies, exercises, games and videos and excel models. This Cost Planning, Control & Optimization training course will be interactive, engaging and most importantly practical. Delegates will be encouraged to create a learning log and action plan so that improvements resulting from this training can be tracked.

Organisational Impact

By attending this Cost Planning, Control & Optimization training course, participants will provide benefits for their organization through the following:

  • Participants will develop a set of transferable skills which will improve their powers of cost planning helping the company to increase profit, improve cash flow whilst minimizing costs and risk
  • The new skills will help them to make more informed and hence better management decisions
  • The use of practical case studies and illustrations of real companies will help delegates understand how to apply different planning, forecasting and analysis techniques in a work situation
  • The knowledge gained can be shared amongst other departments of the company to improve the financial culture of the entire organisation
  • Strategic Thinking and Appreciation of the links between costing, budgets and Strategic Financial Plans
  • Application of Effective Forecasting Techniques
  • Identification of the most appropriate Financing and Optimal Capital Structures
  • Development of Modern Approaches to Costing, Planning, Budgeting and Budgetary control
  • Capital Investment appraisal, Cash Forecasting and Budgeting

Personal Impact

As a delegate, you will:

  • Develop an understanding of today’s major issues in cost planning and control
  • Develop your professional skills, powers of analysis, evaluation and decision-making
  • Be able to make more informed and hence better planning, budgeting and cost reduction techniques
  • Make improved finance and capital budgeting decisions, which will increase your importance to your organization
  • Absorption Costing, Marginal Costing and Cost-Volume-Profit (CVP) Analysis, Activity Based Costing (ABC), and Activity Based Management (ABM)
  • Application of Discounted Cash Flow (DCF) techniques of Net Present Value (NPV), Internal Rate of Return (IRR), Modified Internal Rate of Return (MIRR), Equivalent Annual Cost (EAC), and the Profitability Index (PI) for Capital Project Investment Appraisal and Capital Budgeting
  • Be able to identify areas in which they may be able to contribute to improvements in the financial performance of your company which will help improve your career development

Who Should Attend?

This Cost Planning, Control & Optimization training course is essential for many professionals but especially for managers with financial responsibility for departments or projects or those who are involved in the analysis of costs to support decisions within the business.

This OXFORD Cost Planning, Control & Optimization training course is suitable for a wide range of professionals but will greatly benefit: 

  • Finance Managers
  • Budget Holders
  • Project Managers
  • Professional Engineers
  • People providing direct support to the above

Course Outline

Day One

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 Two

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 Three

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 Four

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 Five

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

Certificate

Oxford Management Centre Certificate will be provided to delegates who successfully completed the training course.

Accreditation

NASBA

In association with

GLOMACS Training & Consultancy

GLOMACS Training & Consultancy

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Cost Planning, Control & Optimization
Duration
5 days
Format
Classroom, Live/Online
Language
English
Certificate
Yes
Choose the date and location that suits you:
Classroom Sessions
Dubai
26-30 May 2025
Fee: $5,950
Book your place
London
25-29 Aug 2025
Fee: $5,950
Book your place
Dubai
10-14 Nov 2025
Fee: $5,950
Book your place
London
29 Dec 2025-02 Jan 2026
Fee: $5,950
Book your place
Dubai
30 Mar-03 Apr 2026
Fee: $5,950
Book your place
Dubai
08-12 Jun 2026
Fee: $5,950
Book your place
London
24-28 Aug 2026
Fee: $5,950
Book your place
Dubai
09-13 Nov 2026
Fee: $5,950
Book your place
London
28 Dec 2026-01 Jan 2027
Fee: $5,950
Book your place
Online Sessions
Live/Online
10-14 Nov 2025
Fee: $3,950
Book your place
Live/Online
09-13 Nov 2026
Fee: $3,950
Book your place
Enquire for this course Request for In-House Training
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FREQUENTLY ASKED QUESTIONS

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ARE THERE ANY PLACES LEFT ON AN EVENT?

Category: FAQ page

To check on availability please call Registrar’s Office at +971 50 985 0174. If you have any questions or enquiries please feel free to contact us

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CAN YOU HELP ME OBTAIN HOTEL ACCOMMODATION & VISA?

Category: FAQ page

Yes, we provide assistance in securing both hotel reservations & entry visa on all our international training venues, for delegates attending our training courses. For further information / assistance, please contact our Customer Service at:

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DO YOU OFFER PROFESSIONAL ACCREDITATION?

Category: FAQ page

Yes, Oxford Management Centre is accredited by the following professional bodies;

National Association of State Board of Accountancy (NASBA)
The Oxford Management Centre 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.

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IS THERE A DISCOUNT FOR MORE THAN ONE REGISTRANT/COURSE?

Category: FAQ page

Yes, discounts are available. For further information please call +971 50 985 0174 or email, [email protected]

Note: Discounts are not applicable with any other special offer that may be available.

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WAYS TO REGISTER FOR A TRAINING COURSE

Category: FAQ page

There are 2 easy ways to register:

  • Online: Select the training course you want to register for, Click the “Book Your Place” button on the course page, complete the form and click submit.
  • E-mail: Send your details to [email protected]
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WHAT IF I CANCEL THE BOOKING?

Category: FAQ page

We request that all cancellations be made at least one week before the class start date. You may reschedule this class without any penalty. If not, a $250 fee will be charged for cancellations received less than one week before a class begins and for no-shows. Cancellation penalties and any fees incurred by Oxford Management Centre will be deducted from refunds.

For more information request, email [email protected] or call +971 50 985 0174.

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WHAT IS INCLUDED IN THE TRAINING COURSES FEES?

Category: FAQ page

The classroom training fees include course presentation, relevant materials, physical & digital documentation, lunch and refreshments served during entire training. Accommodation and transportation are not included in the training course fees.

While, online training fees cover the course presentation and digital documentation and relevant materials.

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WHAT KIND OF CERTIFICATES DO I GET?

Category: FAQ page

The Oxford Management Centre Certificate of Completion with corresponding CPE credits shall be awarded to delegates who has successfully completed the training course.

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WHEN AND HOW DO I ARRANGE PAYMENT?

Category: FAQ page

Payment must be received before the training course commences. You can make payment by bank draft, cash, credit card or wire transfer.

Note: If the payment is not received, Oxford Management Centre has the right to refuse admission.

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WHEN SHOULD I EXPECT TO RECEIVE CONFIRMATION OF REGISTRATION?

Category: FAQ page

Upon receipt of your registration form, we will send you the following by e-mail:

  • Registration Confirmation
  • Invoice/Receipt (where appropriate)

If you register online you will receive an e-mail within 24 hours confirming your registration.


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