Course description
Strategic Cost Optimisation
- Part 1: initiating strategic cost management projects
- strategic change - the catalysts
- initiating a strategic cost management programme - workgroup: plan of action; objectives and scope; initial factfind; board presentation
- strategic information needs
- leadership risks and mitigation
- suggested framework for initiating a strategic cost management programme
- Part 2: cost management processes and techniques
- big business that went bust
- corporate governance
- structures and processes
- operational cost management techniques
- cost drivers and performance measures
- potential weaknesses of cost management techniques
- common cost optimisation strategies
- methodology overview
- application of the methodology
- mergers and acquisitions
- programmes and projects
- effective leadership
- reluctance to change
- personal interests
- passive and active resistance
- methods of winning support
- Part 5: conclusions
- differentiators between strategic and operational cost management
- summary of key learning points
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Upcoming start dates
1 start date available
Suitability - Who should attend?
- Directors, senior executives, human resources and finance professionals involved in business performance improvement and post-acquisition integration.
- Organisations which need to prepare their senior managers to undertake significant change initiatives, involving multiple functions, many managers and unions.
Outcome / Qualification etc.
Learning outcomes will include:An enhanced capability to:
- control and optimise costs
- lead cost optimisation initiatives
- maximise the benefits from mergers and acquisitions
- inspire change within your organisation
This course will explain ways to deliver cost optimisation and reprioritise resources towards strategic objectives. The primary objective of this interactive course is to provide practical skills, techniques and greater confidence to enable you to plan, manage and deliver strategic cost optimisation programmes. Additionally, it will refresh and improve your understanding of core cost and performance improvement techniques that help your organisation to become more:
- agile to change and aligned to strategic objectives
- cost effective with leaner service levels, processes, functions and supply chains
- manageable by service levels both internally and externally
- accountable with greater visibility of management performance
- focused in allocating budgets and project funding
- transparent and auditable
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