METS

Sensible Cost Cutting Course Print

  

REGISTER
Date:

18th Feb 2011

Time: 9:00 am to 5:00 pm
Venue: Level 6, 524 Hay Street
  PERTH  WA  6000
  Australia
Click register online or complete the registration form on the brochure and either fax or post it back to us.

Introduction

training_sensible.jpg

As business becomes tougher businesses need to continue to reduce their costs and do more with less.

Only 25% of new resource projects come in under or on budget. Particularly CAPEX costs prove difficult to achieve for resource projects. A number of resource projects have failed because of aggressive plant CAPEX cost cutting resulting in projects with no surge and unable to achieve design throughput. In some cases the plants are not operable because of the omissions.

In recent times many businesses have also experienced the "costs" of simply implementing aggressive operating "cost cutting” measures as a strategy for solving business performance problems. Many organisations used an incremental approach based on the use of past budget information as an integral part of the budget construction process.

This course looks at strategies to manage these in a sensible way.

Course Benefits

The benefits of attending a course are numerous. At the end of the course, participants will be able to finish cost cutting processes, which include,
  • Clearly identify programmatic objectives that are aligned with the mission and strategic plan
  • Determine the financial resources needed and available to achieve program goals
  • Customize the process
  • Improve accuracy of information and commitment to your organisations
  • Develop sensitivity analysis for the plan
  • Identify the good and bad practices in managing the budget process in your organisations
Participants are provided with comprehensive course notes on CD covering the basic theoretical and practical aspects of sensible cost cutting course. This will serve as a valuable resource for later reference. The course assumes no prior knowledge and will treat the subjects in sufficient detail to provide a very good understanding of sensible cost cutting.

Speaker

Damian Connelly - Director/Principal Consulting Engineer
Mineral Engineering Technical Services
Damian has over 40 years experience as a Consulting Metallurgist. He has extensive experience in the gold, copper, lead, zinc, uranium and iron ore industries. His field of expertise lies in plant operations, feasibility studies, detailed design, and commissioning. He has been involved in many projects including engineering, audit, due diligence, tenders and expert witness work.

METS' training courses have been run both in Australia and overseas, and are highly regarded.

Feedback on Damian Connelly

“Great speaker”
“Very obvious expertise”
“Information conveyed in an understandable manner”

Who Should Attend?

This course is designed to provide key knowledge of sensible cost cutting to mining personnel, project managers, geologists, senior mine and processing plant operating staff, engineers and researchers. The course can also benefit training providers, suppliers to resource industry, technologists, accountants, brokers and investors. It requires no pre-requisite knowledge and is run over one day with a certificate provided at the completion of the course.

Course Programme

  • Introduction
  • Budgets
  • Performance Reports
  • Financial Management
  • Continuous Improvement
  • Management Accounting Essentials
  • Technical Inputs & Management
  • Case Study
pdf  Sensible Cost Cutting Course Brochure

 

 
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Phone: (+61 8) 9421 9000

Fax: (+61 8) 9325 8311

Postal Address

Mineral Engineering Technical Services Pty Ltd
PO Box 3211
PERTH  WA  6832
Australia

Physical Address

Level 6, 524 Hay Street

PERTH  WA  6000

Australia