Cost Management & Economics

Cost Management & Economics

This course provides participants with essential knowledge in cost management principles and economic concepts that influence business and project decisions. It helps professionals understand cost structures, budgeting, and the economic environment affecting project viability.

Course Objectives

  • Understand different categories and types of cost.
  • Apply budgeting, cost control, and accounting techniques effectively.
  • Develop skills in analyzing cash flows and project profitability.
  • Learn the fundamentals of economics and financial decision-making.

Topics Covered

  • Cost and Categories of Cost
  • Break Even Analysis
  • Cost Accounting and Budgeting
  • Managing Budgets and Cash Flows
  • Principles of Economics
  • Depreciation Techniques
  • Time Value of Money

Course Details

  • Duration: 18 Hours
  • Level: Intermediate
  • Language: English
  • Instructor: Eng. Moh’d Kamal
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Course Breakdown

Overview of cost categories, elements of cost, and cost structures in organizations.

Budget development, monitoring, and cost accounting for projects and organizations.

Understanding financial principles, cash flows, and basic economic analysis techniques.

Applying break-even analysis, depreciation methods, and the time value of money concept.

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