Business Continuity and Cost Control Strategies

  • Start Date

    25 May, 2021

  • End Date

    28 May, 2021

  • Price

    ₦185,000

  • WiFi

    Free wifi

Event Details

The purpose of this training will be to provide guidance in alignment with international best practice and standards, Good Practice guidelines of the Business Continuity Institute (BCI). Business continuity should not be viewed in isolation and links to the following response plans should also be considered:

• Emergency Response Plan

• Disaster Recovery Policy and procedures

• Crisis Management

 

CONTENT

• Understand why business continuity is necessary

• Outline fundamental BCM principles and concepts

• Explain and understand the link and relationship between risk and BCM in order to build organisational resilience

• Overview of international standards and best practice

• Understand the BCM lifecycle covering the following key areas:

 • Policy and programme management

• Embedding BCM

• Business Impact analysis and risk assessment

• Business continuity strategies

• Implementation of business continuity plans

• Performance evaluation

• Validation and testing of business continuity plans

• Outline key role players for BCM roles and responsibilities

 

Cost Analysis

  • What is Costing?
  • Cost Concepts and Terminology
  • Different Costs for Different Purposes
  • Fixed vs. Variable Costs: The Cost-Volume-Profit Analysis Model
  • Contribution Margin Analysis
  • Manufacturing vs. Non-manufacturing Costs
  • Period vs. Product costs: Inventory Evaluation and Control

Traditional vs. Advanced Techniques in Cost-control

  • Under-costing and Over-costing: The Consequences for Profitability
  • How to refine a Costing System?
  • Indirect vs. Direct Costs
  • Traditional Cost Allocations Systems vs. Activity-Based Costing
  • Cost Hierarchy & Cost Drivers
  • Linking Resources, Activities and Management
  • Introducing Activity-Based Budgeting and Management

 

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.

 

DATE:

1st Batch:        25th – 28th May, 2021           

2nd Batch:      5th – 8th Oct, 2021     

3rd Batch:       20th – 22nd Dec, 2021

Other Dates

Start Date End Date
25 May, 2021 28 May, 2021
Start Date End Date
05 Oct, 2021 08 Oct, 2021
Start Date End Date
20 Dec, 2021 22 Dec, 2021
  • Venue

    Alpha Partners Professional Training Conference Centre. 200, Muritala Mohammed Way (3rd Floor), Yaba Lago

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