Use CAI101 for 10% off any purchase.
This course will enable you to
- Understand how to structure a cost reduction project specific to your business and the importance of doing so
- Prioritise activities by using a holistic approach to cost management
- Discover the tools and techniques that you can use to successfully plan your cost savings and run your business more efficiently
- Provide realistic targets for your business and learn how to deliver your project to ensure its success
About the course
Is your organisation or project is running efficiently? When things are going well, we often don't spend enough time looking for efficiency improvements, and if things are going badly there can be a tendency to resort to arbitrary cost-cutting which can risk success in the long term.
This course provides a framework to help you improve your organisation's efficiency. It helps you to analyse your business, consider where to best focus your resources and review how to balance short-term cost reductions with longer-term business needs to ensure a secure future for your business. Discover how to best plan your cost savings and, once you have decided on your plan, how to deliver this project and manage stakeholder expectations.
Look inside
Contents
- Project benefits
- The importance of operational cost savings
- Making improvements
- Improving my business or function
- Critical signs for cost reduction
- Strategic cost-cutting
- Starting a plan
- The role of the accountant
- Structure and format
- Cost reduction projects
- The essential components of a plan
- Structuring a project
- The SMART criteria
- Continuous improvement models
- Cost management planning
- Making mistakes
- Tools and techniques
- Keeping things on track
- Follow the leader
- Putting a team together
- Part of the team
- Understanding priorities
- Applying lean techniques
- Using lean techniques
- Activity-based costing
- Some useful tools
- Successful projects
- Common reasons for failure
- Managing expectations
- Making a project a success
- Rewarding success
- Cost-saving projects as competitive tools
- Bringing it all together
- Running a successful project
How it works
Reviews
Recommended | ||||
Why not upgrade?Find the best way to complete your CPD | CourseNeed just a few unitshourshours? | Pick n MixAll you need for this year's CPD. | LicenceAll you need for this year and more. | TeamKeep your whole team up to date. |
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Access to this course | ||||
Total CPD unitshourshours | 4 unitshourshours | 21 units20 hours21 hours | 800+ unitshourshours | 800+ unitshourshours |
Access period | 120 days | 120 days Access to end 2025 | 12 months | 12+ months |
Audit-proof CPD completion certificate | ||||
Immediate access to our entire CPD catalogue | ||||
Exclusive news and CPD every week plus monthly webinars, all year round | ||||
Account manager on hand to support your team’s needs | ||||
Learn more | Learn more | Learn more | ||
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Find the best way to complete your CPD
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Use CAI101 for 10% off any purchase.