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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 important and yet presents certain challenges. Costs must be managed without compromising either safety or production quality. This innovative Cost Planning, Control & Optimization training course presents the delegates with practical tools and techniques which can easily be applied immediately within their company and work. It also introduces to the delegates the emerging tools and techniques to develop for the future.

This GLOMACS Cost Planning, Control & Optimization training course will help the delegates to save their employers money without damaging the business or sacrificing the quality. This training course will feature practical, engaging and innovative new techniques from different organisations. This training course will also help the delegates to identify and deliver savings without affecting the performance, capability, strategy, delivery or safety.

Course Outline
Day 1

Cost, Profit, Risk and Cash

  • 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

  • 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

  • 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

  • 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

  • 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

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.

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 info@glomacs.sa . 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 info@glomacs.sa

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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