...take part

Don't just take our word for it

We ask all our past delegates to rate our courses so you can decide if this course is really right for you - just click 'Hear what people say' to read ratings. If you've been on a course, log in to 'My Reed Learning' and leave your review to help others decide.

Driving Down Costs Course

  • Duration:1 Day
  • Cost:£539 + VAT
  • Ref:CIMA508

The intelligent cost manager toolkit

Cost £539.00 Duration 1 day Code CIMA508

Course rating:

(0  vote)

  • Hear what people say
  • Send to a friend
  • Add to favourites

Who is it for

Finance managers will benefit from learning how the finance function can be a strategic leader on cost management.

HR managers will discover how to manage the cost of in-house staff.

What is it about

Driving down costs, while maintaining quality service provision, is a preoccupation for practically everyone in every sector.  Whilst the recent economic crisis provides a clear imperative, reviewing costs is a valuable exercise at any point, and one that usually falls to the accountants or human resource professionals.

This course aims to give clear structures, tools, tips and techniques for where to start looking, and best practice advice on how to plan, make and communicate cost cutting measures.

Speaker Details

Andrew Wileman is a consultant to CEOs and board-level clients in large multinational enterprises and has run over 50 big one-time cost reduction projects, in Europe and America.

He is also a business writer, author of the recent book Driving down Cost (which was praised highly by the FT and The Economist and was Chartered Accountant Magazine book of the month) and regular contributor to business journals such as Management Today, the FT, and the Conference Board.

He was a senior partner with OC&C Strategy Consultants and has also worked with Booz Allen and BCG. He has an MBA from Harvard.

THIS COURSE IS RUN BY CIMA MASTERCOURSES


Course Overview

  • Leadership: how managers can take the lead and set the tone
  • Techniques and tactics: generalised ideas, approaches and analytical frameworks
  • People: how to tackle the most difficult cost area, full-time staff and the role of HR
  • Suppliers: all other cost categories, from raw materials to outsourced services
  • The internet and globalisation
  • Lateral thinking: how to turn conventional thinking about cost on its head
  • Cost management as strategy in areas like M&A, pricing and new growth opportunities
  • A cost-cutting case study. 'Intelligent' vs. 'unintelligent' cost management
  • Cost containment: how to pre-empt cost growth
  • How the finance function can be a strategic leader on cost
  • Cost in the public sector

The course will start with registration and coffee at 9.00am and finish at 5.00pm. Morning coffee, lunch and afternoon tea are provided. 6 CPD hours (for non CIMA members)


What will I get out of it?

A toolkit of key ideas and cost management strategies, frameworks for analysing cost and practical techniques for implementing cost reduction. The course will cover urgent one-time cost cutting and sustained long-term cost management. It will also address how to balance tough cost management wtih core values, team motivation and growth.

Accredited by

CIMA Mastercourses for CPD purposes

  • Hear what people say
  • Send to a friend
  • Add to favourites

What's new this month >