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Cost Planning, Control & Optimization

An Interactive 5-Day Training Course

Cost Planning, Control & Optimization

Enhancing Your Financial Skills to Increase Your Business Potential

NASBA
Classroom Schedule
Date Venue Fees
30 Mar - 03 Apr 2026 Dubai $ 5,950
08 - 12 Jun 2026 Dubai $ 5,950
24 - 28 Aug 2026 London $ 5,950
09 - 13 Nov 2026 Dubai $ 5,950
28 Dec - 01 Jan 2027 London $ 5,950
29 Mar - 02 Apr 2027 Dubai $ 5,950
Online Schedule
Date Venue Fees
09 - 13 Nov 2026 Online $ 3,950

Course Summary

Cost control is a critical skill for organisations, yet it presents challenges where costs must be managed without compromising safety or production quality. This interactive training course equips participants with practical tools and techniques that can be applied immediately to save money for their organisations while maintaining performance and quality. Delegates will explore ways to identify and deliver cost savings without negatively impacting capability, strategy, delivery, or safety. The Cost Planning, Control & Optimization training course also introduces emerging cost planning and control methods to support future organisational resilience.

Throughout the five-day training course, participants will develop an understanding of cost planning, forecasting, budgeting, investment appraisal, and risk management. Emphasis is placed on practical application, enabling learners to make better use of cost budgets, plans, and forecasts to achieve long-term sustainable savings. This training course prepares professionals to proactively manage costs, contribute to strategic financial planning, and support improved organisational performance.

Skills & Competencies

From this Cost Planning, Control & Optimization training course, participants will develop the following key skills and competencies:

  • Cost planning and forecasting
  • Budget and cost control techniques
  • Financial risk assessment
  • Capital investment evaluation
  • Cash flow and variance analysis
  • Strategic cost optimisation

Key Learning Outcomes

At the end of Cost Planning, Control & Optimization training course, you will learn to:

  • Proactively manage organisational costs.
  • Identify opportunities for cost reduction.
  • Apply effective cost budgeting and forecasting.
  • Understand project appraisal and investment evaluation.
  • Control costs while maintaining performance and quality.

How You Will Learn

Participants will engage with practical, interactive instruction that combines trainer input with discussion, exercises, and examples. Emphasis is on translating cost planning and control concepts into actionable skills that can be applied immediately in the workplace. Learners are guided to develop a cost management mindset that supports improved decision-making and financial outcomes.

Who should Attend?

This training course is ideal for professionals responsible for financial performance, cost management, and strategic decision-making within their organisations.

This Cost Planning, Control & Optimization training course is suitable to a wide range of professionals but will greatly benefit:

  • Finance managers
  • Budget holders
  • Project managers
  • Professional engineers
  • Cost and financial analysts
Course Outline
Day 1

Cost, Profit, Risk and Cash

This day provides foundational understanding of cost relationships with profit, cash, and risk, and how these elements influence organisational performance and decision-making. The topics covered will include:   

  • Costs and Profit
    • Objectives - Mission & Vision - Profit Now vs. Profit Later
    • Strategy and How It Guides Cost Management Decisions / Strategy Models and Costs Management
    • Cost vs. Value / Value Focused Approaches Profit Drivers
  • Costs and Cash
    • Cash vs. Profit
    • Cost – Cash and Non-cash
    • Costs Management vs. Cash Management / Capital vs. Revenue Managing Capital Cost / Managing Revenue Cost
  • Cost and Risk
    • Introduction to Risk
    • Cost and Risk
Day 2

Costs & Costing

This day focuses on different costing approaches and analysing cost behaviour to enhance planning and profit improvement. The topics covered will include:   

  • Understanding and Working with Costs
  • Cost vs. Value
  • Value Based Cost Management / Thinking
  • Plan for Cost Reduction and Profit Improvement
  • Fixed and Variable Costs Income Statement
  • Break-even Analysis / Contribution Margin
  • Costing Approaches – Full Absorption, Marginal, ABC
  • New Ideas in Cost Management – Lean Principles / ABC – Big data
Day 3

Planning and Forecasting Costs / Risk

This day explores effective planning and forecasting tools, including valuation, OPEX planning, and performance monitoring. The topics covered will include:   

  • OPEX Planning Approaches
  • Value Engineering Approaches Applied to OPEX and Personnel Incentives
  • G&A Cost Planning and Valuation
  • Forecasting Tools and Techniques
  • What is Risk?
  • Modelling Costs and Profit and Risk
  • OPEX Long-term Forecast
  • OPEX Planning and Performance Monitoring
Day 4

Investment Appraisal and Projects – Capital Budgeting

This day examines capital budgeting methods and investment appraisal tools to support effective long-term financial decisions. The topics covered will include:   

  • Building Cashflow Models for Decision Making
  • CAPEX Planning System
  • Factors Used to Evaluate the Efficiency of CAPEX Projects, Annual Investment Program
  • CAPEX Planning
  • Applying Time-adjusted Measures - The Time Value of Money
  • Net Present Value (NPV) and Internal Rate of Return (IRR)
  • Sensitivity Analysis, Scenario Analysis, Simulation/Monte Carlo Analysis
  • The Importance of Flexibility and Options
  • Dealing with Risk and Changing Circumstances
Day 5

Budgets and Cost Control

This day focuses on budgeting processes, variance analysis, and effective control mechanisms to strengthen organisational financial performance. The topics covered will include:   

  • The Budgeting Process
  • The Role of Budgeting
  • Annual Budgeting Process
  • Identifying and Resolving Budgeting Variances
  • Different Budgeting Systems in Use Today
  • Budgeting Tips and Techniques
  • Variance Analysis
  • Beyond Budgeting
Certificates
  • On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates.
  • Continuing Professional Education credits (CPE): In accordance with the standards of the National Registry of CPE Sponsors, one CPE credit is granted per 50 minutes of attendance.
Providers and Associations

Endorsed Education Provider

NASBA

In Association With

Options & Brochure
Related Certificates
NASBA

Customisation & In-House Delivery

Delivering this training course in-house enables organisations to tailor cost planning and control strategies to their unique financial structure and organisational goals. Customisation supports alignment with internal budgeting practices and specific operational challenges, enhancing the practical relevance of cost optimisation techniques within real organisational contexts.

Why Choose Saudi GLOMACS?

Saudi GLOMACS is the official Saudi Arabian division of GLOMACS International (glomacs.com), delivering internationally recognised training courses both within Saudi Arabia and across international locations. Our training courses are aligned with the highest professional and institutional standards, supported by a strong understanding of the professional landscape in Saudi Arabia and access to global expertise.

Saudi GLOMACS enables professionals and organisations to strengthen leadership, capability, and long-term excellence through consistently high-quality learning experiences.

Official Saudi Presence

Official Saudi Arabian division of GLOMACS with established global credibility.

International Benchmarks

Internationally benchmarked training courses aligned with professional best practices.

Trusted Across Sectors

Trusted by professionals and institutions across public and private sectors.

Flexible Delivery

Training courses delivered within Saudi Arabia and across international locations.

Additional Benefits of this course for Organisations and Professionals in Saudi Arabia

Organisations & Professionals in KSA will have the following additional benefits from this Cost Planning, Control & Optimization training course:

  • Greater cost awareness and planning capability
  • Improved financial decision-making confidence
  • Enhanced resource allocation efficiency
  • Better forecasting and budgeting outcomes
  • Strategic cost optimisation understanding
  • Increased impact on organisational performance
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Frequently Asked Question

No. Saudi GLOMACS delivers courses in Saudi Arabia and internationally, including delivery across Europe and Asia. This allows organisations and professionals to access training both locally and abroad.

No. While governance and leadership are part of the portfolio, Saudi GLOMACS delivers training across the entire business and professional lifecycle, including administrative, technical, legal, regulatory, and sector-specific training.

No. Our training courses are delivered globally through international locations and online platforms, enabling participants from Saudi Arabia and around the world to learn together. This global delivery approach ensures exposure to diverse perspectives, international best practices, and cross-cultural insights while maintaining strong relevance to regional and organisational needs.

View All Training Locations

Yes. Saudi GLOMACS designs and delivers bespoke in-house training tailored to organisational objectives, sector requirements, and workforce needs. Training can be delivered in Saudi Arabia or internationally, depending on requirements.

Yes, in-house and customised strategy training courses are available to support organisations seeking tailored strategic capability development. These courses can be aligned with your industry context, organisational challenges, and long-term strategic objectives.

For further details or to discuss customisation requirements, you may call or WhatsApp +966 (54) 286 8546 or email [email protected] . You can also submit a detailed enquiry through our in-house training page at: https://sa.glomacs.com/in-house-seminars

If you would like further information about these training courses, our team is available to provide professional guidance and support. We are pleased to assist with course selection, the registration process, and any other related enquiries.

For personalised assistance or detailed enquiries, please contact our team on +966 (54) 286 8546 or email us at [email protected]

Courses delivered in Saudi Arabia are adapted to reflect local regulatory frameworks, organisational structures, sector conditions, and professional expectations. This ensures training is relevant, practical, and aligned with Saudi workplace realities.

GLOMACS has been delivering professional training for over thirty years, with courses delivered across Europe, the Middle East, Asia, and other international markets.

Saudi GLOMACS combines three decades of global training experience with a clear focus on Saudi market relevance. This allows it to deliver training that is both internationally credible and locally applicable, across a broader range of disciplines than niche or single-focus providers.

Saudi GLOMACS is a Saudi-based professional training provider delivering courses tailored to the Saudi market and applicable internationally. It operates within the global GLOMACS framework and draws on more than three decades of international training experience.

Saudi GLOMACS offers professional training across a wide range of disciplines, including administration, leadership and management, governance and regulation, law, oil and gas, energy, engineering, finance, digital technologies, and sector-specific specialisations.

Training supports professionals across all career stages, from operational roles to specialist and senior responsibilities.

Participants include professionals from public sector, semi-government, and private sector organisations, across a wide range of roles and industries. Attendees range from administrative and operational professionals to technical specialists, managers, and senior decision-makers.

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