Strategic Cost Management in an Economic Downturn

An Intensive 3-day Training Course

Strategic Cost Management
in an Economic Downturn

Strategic Cost Management in an Economic Downturn

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Why Choose this Training Course?

In a volatile global business environment and particularly during an economic downturn there is intense pressure to create and deliver value to key stakeholder groups with minimum waste and maximum cost efficiency. Customers demand quality at the right price, funding providers expect a return on their investment that reflects the risks in today’s global market for capital.

The most successful organisations have used strategic cost management to balance these challenging demands. This highly practical course provides valuable insights in to how delegates can apply these cost management principles in their own organisations.

This training course will feature:

  • The nature of modern global competition
  • Understanding the nature and behaviour of costs
  • Strategies for planning and managing costs
  • Modern techniques for strategic cost reduction
  • Overcoming barriers to achieving cost reduction

What are the Goals?

The training course intends to provide delegates with the principles and practical skills to manage and reduce costs in an economic downturn.

At the end of this training course you will be able to:

  • Analyse the modern global business environment
  • Understand and explain the nature and behaviour of costs
  • Use a strategic performance framework to plan and manage costs
  • Apply modern quality focused strategic tools to reduce costs
  • Anticipate and overcome common barriers to cost reduction initiatives

Who is this Training Course for?

The training course is designed to provide useful insights and practical guidance to managers from a full range of backgrounds and industry sectors, but particularly those facing the challenges of major market and price changes.

This training course is suitable to a wide range of delegates but will greatly benefit:

  • Professionals responsible for significant functions and budgets
  • Design professionals and designers
  • Production managers
  • Purchasing and supply chain professionals
  • Marketing and sales team
  • Finance heads and budgeting managers

How will this Training Course be Presented?

Participants to this training course  will receive a thorough training on the subjects covered by the course outline with the Tutor utilising a variety of proven adult learning teaching and facilitation techniques. Training methodology includes: participative seminars, discussion groups and hands-on case studies.

Daily Agenda

Day One: The Context and Drive for Cost Reduction
  • The global competition for customers and investors
  • Creating and measuring stakeholder value
  • The drive for quality and customer value
  • Developing a winning business model
  • Building strategic capability through key resources and competences
Day Two: Understanding and Planning for Costs
  • Key costs in global business
  • Approaches to understanding cost behaviour
  • Tools for analysing and forecasting business costs
  • A framework for strategic performance management
  • Identifying and using appropriate cost measures and targets
  • Assigning responsibility for managing and controlling costs
Day Three: A Strategic Approach to Managing and Reducing Costs
  • Planning and budgeting for costs
  • Assigning responsibility for managing and controlling costs
  • Modern approaches to value and cost reduction
  • A strategic approach to cost reduction
  • The need for urgency in strategic cost reduction
  • Overcoming resistance to change


  • On successful completion of this Training Course / Online Training Course, a PetroKnowledge Certificate / E-Certificate will be awarded to the delegates.

In Association With

GLOMACS Training

Our collaboration with GLOMACS aims to provide the best training services and benefits for our valued clients

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Frequently Asked Questions

  • To register online through our website, please click “Enroll Now” on the course page, complete and submit the form. A confirmation e-mail and instructions will be sent to the participant’s e-mail.
  • You may also get in touch with our Registration Team on
    +971 50 981 7386 | +971 2 557 7389 or send an email to

  • Payments can be made in USD or UAE local currency AED (Arab Emirates Dirhams) either by Bank Transfer or by Credit Card. Our Bank Account details will be provided on the invoice.
  • Course fees are payable upon booking unless a valid, authorized Purchase Order is provided and accepted.
  • Invoices will be sent via email/courier to the ID/name and address provided.
  • The course fee shall be settled prior to course start date. Corporate payments with existing payment policy shall be relayed to us in advance.

Upon successful registration online, enrolment on the respective training course will be confirmed by Registration Team by e-mail along with the invoice and joining instruction.

For corporate fees and group registration, please send your query to

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