1.0: Title
Plant Cost Management
HRDCorp Claimable Training Program Approval No: 10001360332
2.0: Introduction
This 2-days course on Plant Cost Management designed to provide participants with the knowledge and skills required to effectively manage plant costs. The course covers various topics related to cost management, including cost accounting principles, budgeting, variance analysis, and capital expenditure management.
Plant Cost Analysis
3.0 Course Objectives and Outcome:
Upon completion of the program, participants should be able to:
- Understand the principles of plant cost management and their importance
- Learn the budgeting process and techniques
- Understand capital expenditure management, including budgeting and approval processes
- Learn strategies for cost reduction and optimization, as well as tools and techniques for effective cost management
- Develop skills for analyzing and controlling plant costs, including variance analysis and cost control principles.
- To provide participants with practical examples and case studies of plant cost management practices
4.0 Course Contents
Day 1:
1. Introduction to Plant Cost Management:
– Definition of plant cost management
– Importance of plant cost management
– Overview of the course
2. Cost Accounting Principles:
– Understanding direct and indirect costs
– Fixed and variable costs
– Cost behavior analysis
– Cost-volume-profit (CVP) analysis
3. Budgeting:
– Budgeting process overview
– Types of budgets (operational, capital, and cash flow)
– Budget preparation and control
– Budget variance analysis
4. Plant Costing Techniques:
– Job order costing
– Process costing
– Hybrid costing
– Activity-based costing (ABC)
– Identifying and analyzing cost variances
– Developing corrective actions
Day 2:
1. Plant Performance Measurement:
– Key performance indicators (KPIs)
– Cost per unit
– Return on investment (ROI)
– Payback period, internal rate of return, and net present value
2. Plant Control and Improvement:
– Cost control techniques
– Cost reduction strategies
– Continuous improvement methodologies
– Lean manufacturing principles
3. Plant Sustainability and Environmental Management:
– Environmental costs and impacts
– Sustainability metrics and KPIs
– Green accounting principles
– Regulatory compliance and reporting
4. Plant Closure and Disposal:
– Decision criteria for plant closure
– Disposal methods and costs
– Environmental and regulatory considerations
– Post-closure monitoring and reporting.
5.0 Who should attend
Plant Engineers, Plant Operation Personnel’s, and Technicians
6.0 Training Methodology & Certification
The course will be delivered through a combination of lectures, group discussions, and practical exercises to ensure a comprehensive understanding of plant cost management. Participants will receive a certificate of completion at the end of the course.
of completion at the end of the course.
7.0 Contact Us for Details
KM Training & Consulting Services
MyCo ID: 202103259999
Tel/WhatsApp: +6010-2175360
info@kmtcs.com.my | www.kmtcs.com.my
