Budgeting and Cost Control

What Will You Learn?

• Day 1: Foundations of Budgeting
• Importance of Budgeting in Organizations
• Types of Budgets: Master, Operating, and Capital Budgets
• Budgeting Process and Framework
• Budgeting as a Strategic Tool for Decision-Making
• Day 2: Budget Development and Variance Analysis
• Developing Budgets: Top-Down vs. Bottom-Up Approaches
• Zero-Based Budgeting (ZBB)
• Variance Analysis and Performance Metrics
• Rolling Budgets for Dynamic Environments
• Day 3: Cost Estimation and Allocation
• Cost Classification and Behavior
• Cost Estimation Techniques
• Activity-Based Costing (ABC)
• Allocating Costs to Products and Services
• Day 4: Cost Control Strategies
• Cost Control vs. Cost Reduction
• Implementing Cost Control Measures
• Benchmarking and Best Practices
• Technology Solutions for Cost Management
• Day 5: Integrated Financial Management
• Integrating Budgeting and Cost Control
• Forecasting Techniques for Improved Planning
• Financial Reporting and Analysis
• Final Project: Applying Budgeting and Cost Control Concepts