Reducing costs using the Pareto Principle
- 4.1
Brief Introduction
Applying the power of the Pareto principle to your costs and then using a simple projects based approach to reduce them.Description
In this course I’ll walk you through the steps and the tools I’ve developed to make the whole process of cost reduction easier to manage.
You'll learn how to analyse your costs in a practical way that identifies the key areas to address for the best return on time invested.
The basis of this is selecting the right projects to reduce your costs, executing them in the right way, and measuring the results.
Requirements
- Requirements
- Students will already have basic excel skills
- Students will already have a set of cost data or a budget for their business or department