TracezGlobal

Strategic Cost Management

Overview

Introduction

This program provides a comprehensive understanding of cost structures, cost optimization strategies, and financial decision-making for sustainable business growth. Participants will learn modern cost management tools, efficiency frameworks, and analytical techniques used in competitive industries. The course enables leaders to identify cost drivers, manage resources efficiently, and align cost strategies with organizational objectives. Real-world examples and financial tools ensure practical application in daily operations.

Learning Outcomes

By the end of this training course, the participants will be able to:

Understand cost behavior and strategic cost drivers
Apply cost optimization techniques to improve efficiency
Utilize financial tools for cost analysis and decision-making
Develop cost-reduction strategies linked to business objectives
Enhance profitability through strategic cost planning

Main Modules

Concepts of Cost & Cost Behavior
Cost Analysis, Cost Allocation & Cost Control
Strategic Cost Drivers & Business Cost Structures
Decision-Making Tools for Cost Optimization
Activity-Based Costing (ABC) & Process Costing
Budgeting, Variance Analysis & Cost Forecasting
Cost-Reduction Strategies & Value Engineering
Performance Measurement & Cost Reporting

Certification

All participants will be awarded a Program Completion Certificate from TRACEZ upon satisfying the following conditions:

100% attendance and active participation in class and group discussions
Submission of all continuous assessments (individual and group exercises)
Successful completion of the end-of-course assessment

Mode Of Learning

online, classroom

Course Code

TRFM025

Price

1380

Duration

5 Days

Category

Finance Management

Language

English

Certification

Yes

Download Brochure

Copyright © 2025 IPIX. All Rights Reserved