Effective Cost Management Etisalat Academy

Effective Cost Management

Etisalat Academy

Location: Dubai
Duration: 5 Days
Call: +971 4 5490356

Course details

Cost cutting, cost reduction, consolidation or cost management have become central planning topics in all competitive markets. Most companies talk about cost reduction, but fail to maximize the true potential which exists. Day one of this beneficial course focuses on the characteristics of those approaches which lead to the greatest success in targeting cost reduction. An established company in a maturing market is likely to see the best return from investments in cost cutting - but this has to be balanced with investments that will grow the top line. The program includes sessions on establishing a cost reduction culture and developing a cost reduction strategy.

Expected Accomplishments

Know how to effectively define activities
Determine ways to effectively sequence activities
Determine how to effectively estimate resource requirements and estimate durations
Develop an effective schedule
Effectively utilize schedule controls to keep their projects on schedule
Effectively 'Crash' and 'Fast Track' projects to meet time and cost requirements
Determine how to estimate costs
Determine how to effectively budget for project costs
Effectively control the costs of a project
Influence future project activities to meet project goals

Course Outline

Cost estimating

Enterprise environmental factors
Organizational process assets
Project scope statement
WBS and WBS dictionary
Project, schedule and staffing management plan
Risk register
Analogous estimating
Determine resource cost rates
Bottom-up estimating
Parametric estimating
Project management software
Vendor bid analysis
Reserve ana lysis
Cost of quality
Activity cost estimates
Requested changes
Cost management plan

Cost budgeting

Project scope statement
WBS and WBS dictionary
Activity cost estimates
Project schedule
Resource calendars
Contract
Cost management plan
Cost aggregation
Reserve ana lysis
Parametric estimating
Funding limit reconciliation
Cost baseline
Project funding requirements

Cost control

Cost baseline
Project funding requirements
Performance reports
Work performance information
Approved change requests
Project management plan
Cost change control system
Performance measurement analysis
Earned value analysis
Variance analysis
Forecasting
Project performance reviews
Variance management
Cost estimates
Performance measurements
Forecasted completion
Requested changes
Recommended corrective actions
Organization processassets
Project management plan

Who can benefit

Managerial and supervisory personnel and anyone working on projects

Related Training

Successful Project Management
Advanced Rnancial Modeling
Strategic Business Planning

mode

Consultant led classes including fcetures, tutorial exercises and case study

Prerequisites

Understanding of Project Management is preferred

Updated on 29 October, 2017

Course Location

Show map Location Dubai

About Etisalat Academy

We_They is the largest single-source business and telecom training solutions provider in the Middle East. For 30 years we have been providing training consultancy and human capital development services to telecoms, government agencies, oil & gas companies, financial institutions and organizations across all industries and business sectors.

We provide training and development programs ranging from cutting-edge technology courses in 3G, WiMAX, VoIP or IPTV, to career-changing leadership masterclasses, strategy workshops and business management seminars.

Based in the UAE and operating a 1.2 Million square feet training facility in Dubai, our partner network spans two continents and delivers world class training solutions to customers in over 28 countries in GCC and MENA regions.

We help organisations to: