PROCESS COSTING (LEVEL 1 – PLAN, DO)

Articulating the benefits of your product is something successful business owners and entrepreneurs can do easily, but how well do you understand your product from a cost perspective?

Constructing a cost model will enable you to determine which of your costs are the most important to your business.  Successful businesses use that knowledge to drive process development and optimisation, giving you the confidence you need to understand your profitability and answer the questions an investor will want to know.

Process Costing (Plan, Do) is an entry level course (level 1 of 3) designed to introduce you to the concept of a cost model, the structure of a process cost, provide you with the tools to carry out basic cost calculations and begin to understand investment costs (Plan).  You will be able to put these skills to the test in a business example, demonstrating how to apply the learning to your own product on return to work (Do).

Register now for this half-day course designed to introduce you to the concept of a cost model, the structure of a process cost, provide the tools to carry out basic cost calculations and begin to understand investment costs (Plan). You will be able to put these skills to the test in a business example, demonstrating how to apply the learning to your own business process on return to work (Do).

This is a Level 1 CPD course offered by IBioIC on Process Costing.  You can build your knowledge and cost model through 3 levels of training.

When and where
Monday 27th January, 13.00 – 17.00
Graham Hills, Room 739
Cost £99 + VAT

All event spaces in the building are accessible, please indicate at the point of registration if you require additional support to attend the event.

Register via Eventbrite

Who should attend:

  • Scientists and engineers in industry who need to develop and/or optimise (bio)processes.
  • Those starting up new business ventures.
  • UG/PG students and postdocs working with industry or planning to in future.
     

You will learn how to:

  • Understand the structure of a process costing and flowchart and why these are important to your business.
  • Build a cost model and carry out basic calculations.
  • Understand the importance of creating a cost model to drive process development and optimisation.
  • Understand investment costs and how to increase profitability for your business.