What is the focus of the Cost Optimization Training Course?

The course focuses on identifying and eliminating non-value-added activities, improving operational efficiency, and implementing cost-effective strategies across the organization.

What are the delivery options?

The course is available via virtual live instructor-led sessions and self-paced eLearning formats.

Cost Optimization Training Course

Q: Who should attend this course?

This course is ideal for business analysts, operations leaders, finance professionals, and anyone responsible for cost structure and operational efficiency improvements.

The focus of Inteq’s Cost Optimization training course is on achieving significant cost reduction without compromising operational excellence. This course equips you and your team with actionable cost reduction strategies, tactics and best practices that participants can immediately apply.

This course provides proven techniques for business cost analysis and dives into major areas of opportunity for cost reduction including workforce management, operational cost optimization, and leveraging technology (including AI) to streamline processes.

You will leave with a comprehensive set of cost optimization skills, techniques, and methods to achieve substantial, sustainable cost savings while maintaining quality and position your organization for continued success in today’s highly competitive, rapidly changing business environment.

Course Highlights

Comprehensive 2-day course focusing on substantial cost reduction without compromising operational excellence
In-depth analysis of workforce optimization strategies and workforce readiness
Techniques to identify and minimize non-value-adding work, enhancing overall efficiency
Application of lean principles to minimize waste and improve process effectiveness
Insights into leveraging technology and automation, including AI, for cost containment and operational efficiency
Engage real-world case studies to apply cost optimization concepts and methods
Align operational objectives with organizational goals for maximum impact
Expert instructors with extensive experience in cost optimization and business process improvement

Who Should Attend

This course is perfect for:

Business Analysts and Process Analysts and Process Improvement Specialists
Team Leads, Project Managers and Product Owners
IT and Business Teams Collaborating on Automation Initiatives
Change Management Professionals
Functional, Operational and Finance professionals, and anyone responsible for cost structure and operational efficiency improvements
SMEs and anyone tasked with identifying and implementing cost optimization opportunities within their organization

Why Choose Inteq's Cost Optimization Training Course

Practical Frameworks and Templates: Immediate application in the workplace
Expert-Led Instruction: Learn from professionals with deep experience in business systems analysis and systems development
Actionable Skills: Gain hands-on knowledge in requirements analysis, stakeholder engagement, asking the right business questions, requirements modeling and more
Industry-Proven Techniques: Align your skill set with what employers and clients demand using real-world best-practice frameworks and case studies
Flexible Delivery: Live Virtual Classroom or Team Training customized for your team’s unique needs
Transformation: This is not just a training course but a transformational experience that prepares you and your team to become trusted advisors in your organization
Accredited Courses: Offering ACCET Continuing Education Units (CEUs) and IIBA Professional Development Units (PDUs)
Trusted by leading organizations across industries – over 300,000 business and IT professionals trained worldwide

Course Outline

Framework And Key Concepts

Effectiveness, Efficiency and Value Creation

Cost Optimization vs. Cost Cutting

Organization Structure from 360○

The 5 Essential Business Analysis Questions

What is “Cost”

First Principals Thinking

Types of Costs

Components of Costs

Cost Metrics and KPIs

Workforce Cost Optimization Tactics

Workforce Optimization (10 tactics)

Compensation and Pay Structure (5 tactics)

Workforce Readiness, Training and Development (5 tactics)

Attrition and Long-Term Planning (3 tactics)

Workforce Technology and Automation (6 tactics)

Operational Cost Optimization Tactics

Processes and Lean Operations (8 tactics)

Outsourcing and Vendor Management (4 tactics)

Cost-Containment Policies (5 tactics)

Resource Management (4 Tactics)

Operational Technology and Automation (6 tactics)

Cost Optimization Case Study

Participants identify and analyze opportunities to optimize costs via a complex at-scale business process. This case study provides an invaluable template that you and your team can leverage to jump start cost optimization in your organization.

Strategy, Objectives & Opportunities

Enterprise vs. Operational Strategy

Strategy Maps & Objectives

Identifying Cost Optimization Opportunities

Business Cases & Decision Making

Components of a Business Case

Valuating and Ranking Opportunities

The Opportunity Backlog and Initiatives

Putting It all Together

Cost Optimization Roadmap

Cost Optimization Dilemmas and Paradoxes

Organizational Change Management

The Future State Organization

Learning Objectives | You Will Learn | Key Benefits

Clearly differentiate Cost Optimization from Cost Cutting.
Understanding the context and ecosystem of Cost Optimization from 360^○.
Types of and the components of “cost.”
Best practice tactics, techniques, methods and skills for Cost Optimization.
A framework and roadmap for process improvement and transformational BPR.
Identify the risks and risk mitigation strategies for Cost Optimization.
Align organizational and operational objectives with Cost Optimization.
Best practices to achieve sustainable results.
Apply a toolkit of specific, proven, practical high impact Cost Optimization tactics.
… and much more.

What’s In the box?

OK, there is not a box per se, the content is digital. In addition to 2-days/16 hours of expert instruction you receive:

Digital Badge of Completion
Personalized Certificate of Completion
ACCET Continuing Education Units (CEUs)
IIBA Professional Development Units (PDUs)
Electronic (PDF) Comprehensive Course Manual
Case Study Materials
Supplemental Course Materials

Learning Options:

Live Virtual Classroom: Instructor Led | Live Online. Inteq's innovative Live Virtual Classroom approach brings the benefits of traditional classroom training into a live virtual environment.
Live Team Training (Virtual or Onsite): Inteq’s Business Systems Analysis 2-day training course can be tailored to your organization’s training objectives and can be combined with other Inteq courses to create a 3, 4 and 5-day hybrid training program.
Enterprise training for the entire organization.

Prerequisites:

None. However, Cost Optimization seamlessly and synergistically integrates with Inteq’s:

Team Training

Bring Your Team Together For a Live High-Impact Shared Training Experience

Schedule a Free Consultation

2, 3, 4 and 5-Day
Customized Training Options

Why team training?

"Our team was very impressed with Inteq’s BSA training program and we will definitely be bringing this training back for other teams."

"The course included a toolbox of best practice analysis techniques. Most importantly, the instructor explained how, when, and why to use these techniques."

"This was my first live virtual learning experience. Excellent course and very effective delivery via the virtual format."

BFS

"Our team was very impressed with Inteq’s BSA training program and we will definitely be bringing this training back for other teams."

"The course included a toolbox of best practice analysis techniques. Most importantly, the instructor explained how, when, and why to use these techniques."

"This was my first live virtual learning experience. Excellent course and very effective delivery via the virtual format."

BFS