The pandemic has created a humanitarian crisis, becoming the perfect storm of disruption in markets, operations, technologies, and regulations. The speed, duration, and impact of the crisis are nearly impossible to estimate.

 

Organizations should prioritize: change in demand, rapid intelligent cost re-calibration and optimization, focus on transformation, not on reactive cost-cutting.

 

Cost analysis and control are essential tools for planning and monitoring activities for supporting business decisions. To formulate realistic cutting cost operational plans to make available appropriate resources, understanding the cost behavior is essential. The concept is an integral part of lean thinking by eliminating wasteful activities, and at the same time, an important tool to increase profitability is another tool to be reconsidered by all companies.

 

An important focus is to maintain organizational resilience for business continuity, find new solutions to maintaining employee engagement and avoid individual company disruptions. 

 

Key benefits

 

• improving the company’s financial performance

• enhance cost awareness and its relationship with profitability 

• describe specific cost behavior analysis 

• deliver more useful information to decision-makers properly substantiated from an economic point of view

• identifying and eliminating or reducing losses of any kind

• smart re-size and optimization of costs

• understand how to cut costs in targeted areas that create less value for the business

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The learning method 

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Three main steps of the learning process

• introduction to the new concepts

• practical exercise 

• review of key learning points

 

Why should attend

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• All business professionals where personnel have budget responsibilities and are responsible for strategic analysis

• Other professionals who would like to increase skills from having the opportunity to consider new ideas and methods

 

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