Element of our Foundations course which introduces students to Cost Analysis. To get the Foundations course: select a bundle in our course catalog, then click above on the button "Get all for $xxx". You will get one year unlimited access to the course and all supporting content.

'Foundations' course objectives:
• To be introduced to and understand the concept of Strategic Cost Management
• To obtain a Cost Management Roadmap to assess the current level of cost management performed on any category of spend/cost, and the next steps to take on the journey to manage costs
• To obtain, understand and apply a set of price analysis tools
• To distinguish between price analysis and cost analysis
• To gain knowledge of the cost analysis tools available and learn the important cost definitions and terminology
• To prepare the student for the Cost Modelling course

• Introduction To Cost Analysis
• Using Cost Models
• Defining Cost
• Types of Cost
• Overhead Allocation
• Overhead Test for Reasonableness
• Overhead Rate Changes
• Activity Based Costing and Magnification of Cost
• Gaining Cost Cooperation
• Static Cost Models
• Dynamic Cost Models and TCO Models
• Review of this module

• All units must be completed