Training It Cost Management

Training It Cost Management

Training The Information Technology Cost Management

Training It Cost Management Control

DESKRIPSI Training It Cost Management

The  Information Technology Cost Management course is suited to IT people  placed in the role as IT cost manager who have been performing the role for some time but have never received any formal training.

The course is also suitable as an introduction for anyone thinking about IT cost  analysis role or for other cost management management professionals with focus on IT investment and operation, and wanting to gain a more in-depth understanding of the role and responsibilities in the area of cost management.

This ‘Fundamentals’ course is aimed at learning real-world IT cost  analysis and IT budget development and implementation skills that can be used in the workplace especially in an organization with high IT investment.

Course delegates or course participants ;should be able to return to their working environments and work as effective Cost Management  team members immediately adding value and building effective relationships with business and IT stakeholders.
The course uses case studies to analyze approaches to managerial cost investment and operation (capex and opex) The course also covers the application of decision and control models, planning and control in IT cost management, while also concern on  decision control models, and cost planning.

*This course will deliver in Indonesian and/or English by Our Master Trainer/Instructor: Dr. Ir. Fauzi Hasan, MBA, PMP, CISA, CISSP, SSCP, CISM, CGEIT, CPRC, CSCP, CDCP, CITM APICS, Cert. Change Management (APMG).

Objectives & Benefits Training It Cost Management

By the end of the   IT Cost Management the  participants will be able to:

To have thorough  understanding on the IT cost management including all the parameters and issues related
To have complete perspective on IT Investment Management Process
Work with business users  (stake holders) to define  different types of IT cost investment and operation
A framework to calculate Total Cost of Ownership (TCO) for  IT enterprise resource  systems
To have capability to break-down complex IT cost  scenarios or cost problems into process and data models (cost management related)
To Have capability in implementing modern cost management concept as related to IT infrastructure
To have capability to reduce and optimize IT cost as related to the investment, operation and maintenance of  IT installation and the infrastructure

Target Audience Training It Cost Management

This course was originally designed for IT  managers and those who involve in the activitie such as related to IT investment, operation and maintenance. However, the course is also suitable for experienced IT managers and Investment  Analysts as it:

Provides a reinforcement session for those IT staff  who have   been doing the job for many years but have never received formal training in IT cost management
Provides a ‘standard’ approach to be adopted by teams who might currently be using a mix of different techniques in IT cost management.

Course Contents and Descriptions

• Introduction to IT Cost Management
• Covers the role of Information Technology Cost Management and how the role has evolved within the cycle of IT investment, operation and maintenance. Examines the differing roles and responsibilities in cost management through all  phases of investment planning and IT infrastructures operation.
  Performance Evaluation
• Outcomes: Understand the relationship between IT Cost  Management control and IT performance evaluation such as:
  Identify the objectives of  IT cost management control
  Identify the types of IT Cost control systems
  Explain the application of control to IT cost centers, IT revenue centers and IT profit centers
  Understand how the balanced scorecard supports strategic cost management
  Strategic Investment For Information Technology
  Outcomes
  Describe the function of a strategic investment unit
  Discuss implementation of appropriate transfer prices
  Calculate return on investment, residual income and economic value added, and use them to evaluate the performance of a business unit
  IT Cost Management Information
• Outcomes
  Explain how IT cost information is used in different types of investment for infrastructure’
  Identify the  functions of IT Cost management
  Understand the use of IT cost information in support of different IT investment strategies
  Describe the influence of modern management techniques on IT cost management
  Allocate shared support costs to IT production
  Allocate shared cost to products that result from a single process
  The Flexible Budget and Standard IT Costing
  Outcomes
  Identify and explain control systems and uses of standard IT costing
  Distinguish between effectiveness and efficiency in IT Cost Management
  Construct a master IT investment  budget
  Develop a flexible IT  investment budget
  Calculate direct input variances in IT investment budget
  Flexible Budget: Analyzing Factory Overhead
  Outcomes
  Distinguish between the control purposes and the costing purposes of standard costing for IT overhead
  Calculate, explain and record the overhead variances in IT budget
  Operational IT Cost
  Outcomes
  Explain, calculate and use the operational data on IT costs
  Total Cost of Ownership (TCO) for  IT enterprise resource  systems
  Outcomes
  Distinguish among the components of Total Cost of Ownership (TCO)  as related to costing purposes of standard costing for IT overhead
  Calculate, explain and record the overhead variances in IT budget
  Strategic Investment for IT Infrastructure
  Outcomes
  Describe the function of a strategic investment in IT Infrastructure
  Discuss implementation of appropriate investment
  Calculate return on investment, residual income and economic value added, and use them to evaluate the performance of IT strategic investment

Review: Revisit the key learning points from the course and looks at why IT investment and cost management  can go wrong and how good cost management can prevent it.