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Cost management

Hands-on seminar "Cost management for engineers and engineering practitioners"

Due to a volatile global economy and increasing international competitive pressures, cost management has taken on a decisive role for companies that wish to achieve good financial results even in economically difficult times.

Rigorous end-to-end cost management creates early transparency for cost and margin optimization opportunities and offers methods for systematically and sustainably implementing optimization action plans.

This seminar supplies participants with comprehensive subject-matter knowledge based on business case studies that for instance give you the ability to

  • identify cost drivers during product development and in manufacturing processes
  • get to know cost management methods and instruments to sustainably and systematically optimize costs
  • assess the cost-effectiveness of new investments
  • assess the relationship between profitability and productivity
  • initiate cost optimization action plans in cost management teams and to provide support for implementing these