Cost Estimation, Budgeting and Cost Control Training Course
Monday, February 23, 2026
Category:Accounting & Finance
3
Days
Dubai
9:00am – 4:00pm
Introduction
What is Budgeting and Cost Control? Budgeting and cost control include estimation of costs, the establishment of an agreed budget, and management of actual costs against that budget. To ensure successful financial management of a department or even the entire organisation, it is essential to plan and prepare a realistic budget and ensure compliance with the approved budget.
What is Cost Estimation? A cost estimate is a guesstimate or approximate of the cost of a program, project, or operation. It is, therefore, necessary to understand how costs behave so that realistic plans can be produced, and suitable resources can be made available to the business.
In this Solid State Training Course on “Cost Estimation, Budgeting and Cost Control”, you will learn to practise and implement effective cost reduction strategies to keep expenses down and increase profits. You will master the most extensively used budgeting techniques for planning, monitoring and controlling costs.
Objectives
Upon completing this Cost Estimation, Budgeting and Cost Control Certification Course successfully, participants will be able to:
- Understand the impact of budgeting in achieving your organizational goals
- Make better business decisions centred on financial planning and analysis
- Identify and recognise key performance indicators for effective and focused decision making
- Learn how to integrate budgeting and forecasting and associate these with your business strategy
- Develop means to increase profitability and performance through streamlined planning and reporting
- Gain greater insight into all the principles of Corporate Finance and See the “big picture” of the organization
- Increase managerial collaboration on business planning and decision-making using budgetary controls and performance review
Training Methodology
This collaborative Cost Estimation, Budgeting and Cost Control Certification Course will comprise of the following training methods: Lectures, Seminars & Presentations, Group Discussions, Practical Assignments and Hands-on experience, Application of broad and extensive excel based case studies and real-life examples. Just like all our other courses, this training program also follows the ‘Do-Review-Learn-Apply’ model.
Organizational Impact
Companies who nominate their employees to participate in this Cost Estimation, Budgeting and Cost Control Certification Course can benefit in the following ways:
- Cost control for sustaining and growing profitability
- Handling and controlling the different types of business costs
- Implementing appropriate budgeting techniques for better cost control
- Cost control measures that may jeopardise other strategic interests
- Modern and prevailing roles and responsibilities of a finance department
- Paying notice and attention to your cash flow and being innovative
Personal Impact
Individuals who participate in this Cost Estimation, Budgeting and Cost Control Certification Course can gain from it in the following ways:
- Use the essential concepts of accounting, budgets and finance
- Apply the procedure of unit cost measurements in performance-based budgeting
- Maintain and support strategic cost control
- Appreciate the significance of reducing unnecessary costs
- Identify correct outputs for an organizational unit or programme component
- Determine and apply the costs estimated to create those outputs and calculate a cost per unit of output
- Use best practices to design written budget justifications
This training course is suitable for a broad range of professionals, especially those with direct or indirect budget responsibilities within a team, a department or a division. The training course is also appropriate for those who are required to run budgetary plans and responsible for the cost and strategic analysis.
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