Effective Budgeting and Operational Cost Control
To ensure the effective financial management of the organisation, there is a need to prepare realistic budget abd ensure compliance with approved budget. Furthermore, to ensure this compliance, operational costs need to be monitored and controlled so as to ensure financial discipline. This workshop will help participants to understand the main concepts and methodology around cost management and budgeting. This will cover: Understanding wat causes costs, different costs for different purposes, avoiding non value adding activities, rolling budgets.