INTRODUCTION
Every company’s survival and progress depend based on proper estimation of its costs and estimation of product or service pricing. Every cost-conscious executive, specific project manager, cost estimator, planner or organization needs to improve their cost estimation success.
This seminar endeavors to illustrate and explain how to develop costs and how they can be used not only to estimate the product cost, but also how to use them to determine a competitor’s likely bid price. It explores the estimating methods typically used to estimate costs and explains the advantages and disadvantages of each, demonstrate several estimating methods, and includes a cost estimating methodology that participants can tailor to their own organizational needs.
COURSE OBJECTIVES
Upon completion of the course, the participants will be able to;
- Describe costs by classification;
- Identify appropriate cost elements;
- Explain and understand the role of management accounting within an organization and the importance for the requirement of management decision making information;
- Demonstrate knowledge and application of the principles of management accounting, in planning, monitoring, pricing, and various decision making processes, that are deemed to reduce risk factors related to the organization.
100% HRD Corp Claimable Course: Skim Bantuan Latihan Khas
For more information, please contact the following Program Consultant:
Ms. Tracy / email: tracy@cfrontier.com / Tel: +6 088 731 570
Ms. Grace / email: grace1@cfrontier.com / Tel: +6 088 731 575
