Management Control

Management Control Programme presents strategies to design and establish a model based on the control of management, allowing your company to determine the degree of compliance with the strategic plans and the monitoring of policies established for its continuing adjustment to changes and to ensure their survival.

Programme Information

Participant Profile

The programme is designed for professionals with higher education qualifications and a minimum of 3 years experience in operational or general management posts or people who are seeking essential training in carrying out Controller functions either at a departmental or a company level.
The programme is also directed at alumni of financial programmes who need to broaden their training and who now occupy management posts in companies.

What will I get out of this programme?

You will develop essential skills which will help you:
To design the structure of the Management Control system:
Cost systems as a source of information to support decision making and the evaluation of financial results.
Centres of responsibility
Budget System
Transfer Prices
Management Indicators (financial and non-financial)
To manage the Management Control Process:
To comprehend the impact that the way different Management Control tools are used has on the behaviour of people in positions of responsibility.
To discern the consequences of different remuneration and incentives options at a head of operations and managerial level.
To take full advantage of the opportunities offered by information systems.
To foster emerging strategies.
To carry out appropriate risk management.
To gauge the true contribution of certain Management control tools:
Activity Based Costs (ABC) and Activity Based Management (ABM).
The Budget Process
The Management Team
Investment analysis
Profitability indicators and Value Creation
Interactive Control Systems

Methodology

An active, plural methodology geared to practice.
Participants are asked to analyse typical management control problems and are required to develop strategies aimed at achieving a strong competitive edge, which they will then turn into specific action plans.
Emphasis is given to identifying critical variables which are essential to the success of the company as well as to how to act on these from the point of view of management control.