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Estimating, Budgeting and Cost Control

An Interactive 5-Day Training Course

Estimating, Budgeting and Cost Control

NASBA
Classroom Schedule
Date Venue Fees
29 Jun - 03 Jul 2026 Dubai $ 5,950
24 - 28 Aug 2026 London $ 5,950
12 - 16 Oct 2026 Dubai $ 5,950
26 - 30 Oct 2026 Barcelona $ 5,950
30 Nov - 04 Dec 2026 Milan $ 5,950

Course Summary

Budgeting and cost analysis are crucial elements for the management of contemporary organizations. Nowadays, if companies want to stay competitive, they are urged to link their strategies with accurate systems of resource allocation and performance measurement. Along this line, budgeting, as well as tracking, controlling & reducing cost represent essential activities to be performed and monitored by organizations as they implement their key processes, activities and operations.

In addressing these issues, this training course is relevant to those professionals & analysts facing the difficult challenge of improving performance while reducing costs of those processes for which they are accountable. This training course provides participants with key cost awareness and budgetary skills, which are essential for managing and controlling resources in times of increasing global competition where the budgets are inextricably linked with both the achievement of strategic objectives as well as with evaluation of future plans and initiatives.

In particular, this Estimating, Budgeting and Cost Control training course enables participants to:

  • Link budgeting and costing with strategy execution
  • Understand the critical factors which have an impact on business processes
  • Discuss about modern system of cost analysis for budgeting purposes
  • Master the budgeting and financial skills required for better decision-making
  • Identify sources of financial and operational data to support the budgeting process
  • Explore the best practices required to manage the multiple organizational performances
Course Outline
Day 1

Introduction: The Relevance of Budgeting and Cost Management Within Strategy Execution

  • The link between strategy, planning, budgeting and cost management
  • Why budgeting and costing are so important to manage your company
  • Towards a cross-functional process-view of the organization
  • Financial vs. Managerial accounting (where you get information for decision making)
  • Understand your processes: integrating financial and non-financial aspects
  • Identify and discuss the key issues in terms of budget/costing for your own organization
  • Discussion
Day 2

The Budgeting Framework and its Role Within the Management Process

  • The role of budgeting within management accounting
  • The value of budgeting in your company
  • Behavioral implications of budgeting
  • Key concepts and terminology
  • Advantages and disadvantages: critical issues to be discussed
  • Overview on the financial statements - Balance sheet, Income statement and cash-flow
  • Case discussion and examples
Day 3

Cost Management for Budgeting Purposes

  • 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
  • Case study and discussions
Day 4

Case Study Day - 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 drivers: linking resources, activities and management
  • Introducing Activity-Based Budgeting (ABB) and Management (ABM)
  • Case Study analysis
  • Examples and videos
Day 5

Broadening the Performance Measurement Systems

  • Shortcomings of traditional approaches to budgeting and performance measurement
  • Need to linking financial to operational issues
  • Recent best practices: the Balanced Scorecard and Six-sigma
  • Financial perspective, Customer perspective
  • Internal Business Process perspective, Learning and growth perspective
  • Developing and adapting the scorecard
  • Video, Case study illustration and discussion
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 Categories
Finance & Budgeting

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.

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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.

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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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