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Pareto Cost Reduction

Skill Success

Summary

Price
£157 inc VAT
Or £52.33/mo. for 3 months...
Study method
Online
Duration
Self-paced
Qualification
No formal qualification
Certificates
  • Certificate of completion - Free
Additional info
  • Tutor is available to students

Overview

This course includes lifetime access so you can complete it at your own speed.

This course is designed for those interested to learn the basics of Pareto principle and effectively target areas for cost reduction in their business as well as execute cost reduction projects while controlling schedule and budget using effective techniques.

Benefits of taking this course include:

  • Unlimited and lifetime access to the course
  • Learn the course at your own pace
  • Course can be accessed on any platform
  • 24/7 Customer support

Certificates

Certificate of completion

Digital certificate - Included

Course media

Description

Who this course is for:

  • Small business owners who need to reduce costs and want to do it in an organized, targeted and sustainable way
  • New managers who have been tasked with reducing costs, perhaps for the first time
  • Students with a target in mind for how much they need to reduce their costs by

What you'll learn:

  • How to reduce costs
  • Tools to reduce costs

In this course, you’ll learn step by step through the tools developed to make the process of cost reduction easier and more successful.

You'll learn how to analyze your costs and identify the key areas to address for the best return investment of time and money.

The basis of this is knowing how to select the right projects to reduce your costs, executing them in the right way, and measuring the results.

You’ll know how to do a structured and easy to manage way so you spend your time reducing your costs, not administrating your cost reduction program.

Pareto Cost Reduction will cover the following topics:

Section 1 - Introduction

  • Program Overview
  • Downloadable Materials

Section 2 - Analyse Your Costs

  • How To Select The Best Projects
  • The Simple Way To Set The Budget
  • The Easy Way To Analyze Your Return
  • Simple Schedule Estimating
  • How To Use A Project Screening Tool

Section 3 - Select Projects

  • How To Select The Best Projects
  • The Simple Way To Set The Budget
  • The Easy Way To Analyze Your Return
  • Simple Schedule Estimating
  • How To Use A Project Screening Tool

Section 4 - Project Charter

  • Why Most Projects Fail
  • How To Write Great Project Charters
  • How To Write Clear Problem Statements
  • How To Set A Scope
  • The Key Roles In A Project
  • Risk Within A Project
  • Change Control
  • How To Use A Project Charter Tool

Section 5 - Run Projects

  • The 6 Areas Experts Focus On To Solve Any Problem
  • The Art Of The 5 Why’s Approach
  • The “So That…” Check
  • How To Use A Problem Solver Tool
  • Creating A Solid Action List
  • Creating A Schedule
  • Running The Project
  • How To Use A Standard Tool To Run Projects

Section 6 - Monitor Costs

  • Why It’s So important To Monitor The Project Results
  • The Little Understood Benefit Of Making Your Results Visible
  • Using A Results Tracking Tool
  • How To Roll It All Up

Section 7 - Rinse And Repeat

  • Compounding Your Cost Reductions
  • How To Cascade The Process Across Your Cost Structure
  • Bonus Tips

Who is this course for?

This course is designed for those interested to learn the basics of Pareto principle and effectively target areas for cost reduction in their business as well as execute cost reduction projects while controlling schedule and budget using effective techniques.

Requirements

  • Basic Excel skills

Career path

None

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Legal information

This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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