The Concept of Strategic Cost Management (TCS-I-01)

Element of our Foundations course which introduces students to the Strategic Cost Management Concept.

'Foundations' course objectives:

To be introduced to and understand the concept of Strategic Cost Management
To obtain a Cost Management Roadmap to assess the current level of cost management performed on any category of spend/cost, and the next steps to take on the journey to manage costs
To obtain, understand and apply a set of price analysis tools
To distinguish between price analysis and cost analysis
To gain knowledge of the cost analysis tools available and learn the important cost definitions and terminology
To prepare the student for the Cost Modelling course