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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 organisations seeking to remain competitive in a challenging global environment. This training course focuses on understanding budgeting as well as tracking, controlling and reducing costs in ways that directly link to strategic execution and performance measurement. Participants will gain key cost awareness and budgetary skills essential for managing and controlling organisational resources while supporting the achievement of strategic objectives. The Estimating, Budgeting and Cost Control training course enables professionals to integrate budgeting and cost control with broader organisational strategy, enhancing their ability to make informed decisions that support long-term organisational success.

The training course further explores modern systems of cost analysis, factors influencing business processes, and best practices for managing organisational performance through budgeting mechanisms. Emphasis is placed on linking financial and operational data to support budgeting processes that optimise performance measurement. Participants also examine performance measurement systems that strengthen organisational outcomes and encourage effective decision-making. The Estimating, Budgeting and Cost Control training course is designed for professionals seeking to enhance their budgeting and costing expertise in ways that drive measurable improvement.

Skills & Competencies

From this Estimating, Budgeting and Cost Control training course, participants will develop the following key skills and competencies:

  • Strategic budgeting and cost control capability
  • Cost analysis and performance linkage
  • Financial and managerial accounting interpretation
  • Budget process integration
  • Operational and financial data utilisation
  • Performance measurement system understanding

Key Learning Outcomes

At the end of Estimating, Budgeting and Cost Control training course, you will learn to:

  • Refine costing and budgeting terminology used in business.
  • Understand the importance of a well‑defined budgeting process.
  • Determine full costs of outputs for goods and services.
  • Link finance and operations for budgeting purposes.
  • Build comprehensive performance measurement systems.

How You Will Learn

Participants will engage in structured learning that includes formal lectures, interactive worked examples and case discussions illustrating budgeting and cost control tools in practice. The training course reinforces key concepts with practical exercises that help apply costing and budgeting frameworks to real organisational contexts. Emphasis is on strengthening financial judgement and strategic budgeting decision making.

Who should Attend?

This training course is suitable for professionals tasked with budgeting, financial analysis and cost control responsibilities across organisational functions.

This Estimating, Budgeting and Cost Control training course is suitable to a wide range of professionals but will greatly benefit:

  • Staff responsible for entering or managing budget system data
  • Financial and general accounting professionals
  • Business unit and operations professionals
  • Sales, marketing and R&D personnel involved in budgeting
  • Professionals seeking to advance budgeting and costing knowledge
Course Outline
Day 1

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

This day covers how budgeting and cost control connect with organisational strategy and performance measurement. Participants explore the linkage between financial and operational information, cross‑functional processes, and the critical issues that influence budgeting relevance. The topics covered will include:  

  • 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

This day focuses on the role of budgeting within management accounting, including value, behavioural aspects and understanding financial statements as they support budgeting roles. The topics covered will include:   

  • 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

This day explores different cost concepts, cost classifications and how cost analysis supports budgeting processes and profitability. The topics covered will include:   

  • 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

This day emphasizes practical analysis of costing systems, cost drivers and advanced methods like activity‑based budgeting and management. The topics covered will include:   

  • 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

This day focuses on expanding traditional budgeting and performance measurement systems to include modern best practices like balanced scorecard and Six Sigma perspectives. The topics covered will include:   

  • 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
Related Certificates
NASBA

Customisation & In-House Delivery

Delivering this training course in‑house enables organisations to align budgeting and cost control frameworks with internal strategic priorities, performance measurement systems and financial reporting practices. Customisation ensures that learning reflects the organisation’s specific challenges and resource structures, enhancing relevance and practical impact for delegates.

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 Estimating, Budgeting and Cost Control training course:

  • Enhanced capability in linked budgeting and strategic planning
  • Improved organisational cost awareness and accountability
  • Better utilisation of financial and operational data
  • Stronger cost‑conscious decision‑making
  • Advanced performance measurement comprehension
  • Higher confidence in budgeting processes and control systems
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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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