FM0336 : Cost Planning, Control & Optimization

practical and highly-interactive course
includes various practical sessions and
exercises. Theory learnt will be applied using
the “MS Excel” application.
This course is designed to provide participants
with a detailed and up-to-date overview of Cost
Planning, Control & Optimization. It covers the
cost classification, cost behavior and cost
structures; the strategic cost planning, financial
management, cost estimation techniques and
methodologies; the budget preparation,
development and allocation; the cost control
frameworks and financial governance; the cost
monitoring, tracking and variance analysis; the
earned value management (EVM) and project cost
performance; and the activity-based costing (ABC)
and cost allocation.
Further, the course will also discuss the activitybased
management (ABM) and process cost
optimization; the cost-volume-profit (CVP)
analysis and profitability management; the
advanced cost forecasting techniques, financial
planning, budget forecasting and performance
management; the cash flow planning, forecasting
and working capital management; the cost
optimization and sustainable cost reduction
strategies; the resource planning, allocation and
utilization optimization; and the fundamentals of
capital investment planning and project appraisal.
During this interactive course, participants will learn the time value of money, discounted
cash flow analysis, net present value (NPV) and internal rate of return (IRR); the modified
internal rate of return (MIRR), profitability index (PI), equivalent annual cost (EAC) and
investment decision analysis; the advanced cost optimization, value improvement
techniques, cost risk management, sensitivity analysis and scenario planning; the
strategic procurement, contract cost control and supplier optimization; and the cost
performance measurement, reporting and financial analytics, strategic cost management
and continuous improvement.