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Cost Optimization

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Establishing processes to create value is not enough. Teams need to build their capacities in order to optimize these processes: deliver to specifications and increase satisfaction levels, optimize delivery times, reduce cost while retaining value and advancing continuous improvements, deliver to quality expectations, ensure optimum human and physical resource performance, integrate appropriate technology, improve vendor relations and reinforce investor confidence.

On this program, participants will embark on organizational tours and project site visits in order to learn how various optimization techniques are demonstrated in a real-world scenario. Complementary sessions will be organized to allow different groups to share their experiences from these tours.

Below is a list of Optimization Techniques to be covered:

  1. Value-Cost Ratio
  2. Efficient Budgeting
  3. Training and Development
  4. Automation
  5. Vendor Management
  6. Technology Integration
  7. Energy Efficiency
  8. Telecommuting and Flexible Work Arrangements
  9. Prudent Outsourcing
  10. Inventory Management
  11. Streamlining Processes
  12. Motivation for Cost Efficiency
  13. Staffing Models
  14. Division of Labour and Specialization
  15. Production Efficiency
  16. Economies of Scale
  17. Negotiation
  18. Risk Diversification
  19. Customer Acquisition Cost Efficiency
  20. Advertising Efficiencies
  21. Material Substitution
  22. Value Engineering Changes
  23. Financial Economies
  24. Life Cycle Cost Analysis/Reduction
  25. Wastage Identification Reviews
  26. Cost Auditing, Reviews, Data Analytics and Advisory
  27. Process Optimization and Continuous Improvement
Fee: Ghs2,000.00

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