Costing And Pricing | Management Training in Colorado Springs

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Costing and Pricing Training

Colorado Springs

Get an understanding of the basics of costing and pricing.
Attain knowledge of different procedures of costing and pricing.
Learn how to project indirect costs - warehousing, transportation, taxes, and fees.

Dates & Prices Dates & Prices

Course information

Costing and Pricing Training Course Outline

Module 1: Introduction to Costing

Costing
Concepts of Costing with Example
Variable and Fixed Costs

Module 2: Introduction to Pricing

Pricing
Concepts of Pricing
Methods

Module 3: Costing and Pricing Procedures

Identifying Costs
Price-Quality Strategy
Setting Pricing Policy

Module 4: Price-Reaction Programme

Working of Price-Reaction Programme

Module 5: Break-Even Point Formula

Introduction
Calculation
Components
Break-Even Point with Graph
How to Use a Break-Even Analysis?
Limitations

Module 6: Strategies of Pricing

Demand Pricing
Competitive Pricing
Cost-Plus Pricing
Penetration Pricing
Price Skimming
Economy Pricing
Psychological Pricing
Discount Pricing
Geographic Pricing
Price Bundling

Module 7: Absorption Costing

Overview
Components of Absorption Costing
Absorption Costing Formula Using Excel
Absorption Costing Vs Variable Costing
Advantages

Who should attend this Costing and Pricing Training Course?

The Costing and Pricing Course in Colorado Springs is tailored for professionals who are involved in financial decision-making, product pricing, cost analysis, and ensuring overall business profitability. This course can benefit a wide range of professionals, including:

Finance Managers
Product Managers
Entrepreneurs and Business Owners
Sales and Marketing Managers
Operations Managers
Procurement and Supply Chain Managers
Consultants

Prerequisites of the Costing and Pricing Training Course

There are no formal prerequisites for this Costing and Pricing Course.

Costing and Pricing Training Course Overview

Costing and Pricing are fundamental aspects of financial projection and programme management. These processes are intricately connected, with price analysis focusing on vendor unit prices, while cost analysis encompasses the cost of delivering the item to the vendor, ultimately defining the suitability of the quoted price. Understanding these concepts through this training in Colorado Springs is pivotal for professionals seeking to make informed financial decisions.

Proficiency in costing and pricing is essential for a wide range of professionals, including Project Managers, Financial Analysts, Procurement Specialists, and Business Leaders. It enables them to make strategic decisions, set competitive prices, and assess the feasibility of project costs. The knowledge gained through this training is particularly valuable for individuals responsible for budgeting and financial planning within their organizations.

The Knowledge Academy's 1-day Costing and Pricing Training in Colorado Springs provides delegates with a comprehensive understanding of the various aspects of costing and pricing in business. Delegates will gain insights into different costing and pricing strategies, including setting price policies and utilizing essential formulas like the Break-Even Point Formula and Absorption Costing.

Course Objectives

To comprehend the principles of costing and pricing in financial analysis
To gain practical knowledge of costing and pricing strategies
To learn how to set effective price policies
To master essential costing and pricing formulas
To evaluate and analyze price history and projections
To assess the cost of resources and labor in financial planning

Upon completing this course, delegates in Colorado Springs will be well-equipped to make informed financial decisions, set competitive prices, and assess the feasibility of project costs. They will have a solid understanding of costing and pricing strategies, which will empower them to excel in their roles and contribute to effective financial planning and budget management within their organizations.

What’s included in this Costing and Pricing Training Course?

World-Class Training Sessions from Experienced Instructors
Costing and Pricing Certificate
Digital Delegate Pack

Why choose us

Our Colorado Springs venue

Includes..

Free Wi-Fi

To make sure you’re always connected we offer completely free and easy to access wi-fi.

Air conditioned

To keep you comfortable during your course we offer a fully air conditioned environment.

Full IT support

IT support is on hand to sort out any unforseen issues that may arise.

Video equipment

This location has full video conferencing equipment.

Colorado Springs is situated on Fountain Creek with a population of just over 400,000. The city is the largest in Colorado as it covers 194.9 square miles and was ranked 5th by U.S. News & World Report in their list of ‘2016 Best Places to Live in the USA’.

As the city is located at the bottom of the Rocky Mountains and Pikes Peak, tourism is one of the largest employers in the city. In addition to the scenic geography there are a number of attractions which tourists frequent such as; Colorado Springs Fine Arts Center, United States Air Force Academy and the Garden of Gods.

Colorado Springs is also known as the ‘Olympic City’ in the USA, with the United States Olympic Training Center and the headquarters of the United States Olympic Committee located here. It is also home to a number of higher education facilities such as; a campus for Colorado Christian University, Colorado Technical University and a campus for the University of Colorado.

Address

102 S. Tejon Street
Suite 1100
Colorado Springs
Colorado
80903

T: +1 7204454674

Ways to take this course

Experience live, interactive learning from home with The Knowledge Academy's Online Instructor-led Costing And Pricing | Management Training in Colorado Springs. Engage directly with expert instructors, mirroring the classroom schedule for a comprehensive learning journey. Enjoy the convenience of virtual learning without compromising on the quality of interaction.

Learn more in our FAQs

Unlock your potential with The Knowledge Academy's Costing And Pricing | Management Training in Colorado Springs, accessible anytime, anywhere on any device. Enjoy 90 days of online course access, extendable upon request, and benefit from the support of our expert trainers. Elevate your skills at your own pace with our Online Self-paced sessions.

Learn more in our FAQs

Streamline large-scale training requirements with The Knowledge Academy's In-house/Onsite at your business premises. Experience expert-led classroom learning from the comfort of your workplace and engage professional development.

Tailored learning experience

Leverage benefits offered from a certification that fits your unique business or project needs

Maximise your training budget

Cut unnecessary costs and focus your entire budget on what really matters, the training.

Team building opportunity

Our offers a unique chance for your team to bond and engage in discussions, enriching the learning experience beyond traditional classroom settings

Monitor employees progress

The course know-how will help you track and evaluate your employees' progression and performance with relative ease

Learn more in our FAQs

What our customers are saying

Costing And Pricing | Management Training in Colorado Springs FAQs

What is Costing and Pricing?

Costing and Pricing involves calculating the cost of producing goods or services and determining optimal pricing strategies to ensure profitability. It is a crucial aspect of financial management, guiding how businesses set prices, manage production costs, and remain competitive in the market.

Why is it important to attend this Costing and Pricing Training?

This training course equips delegates with the skills to develop accurate cost analyses and implement effective pricing strategies. It helps professionals make informed financial decisions, improve profit margins, and ensure competitive pricing in their industry, ultimately leading to sustainable business growth.

What are the prerequisites?

While there are no formal prerequisites, a background in business, finance, or accounting is recommended to maximise understanding. Additionally, basic knowledge of financial terms and concepts will enhance the learning experience.

Who should attend this course?

This course is designed for Finance Professionals, Business Managers, Accountants, Entrepreneurs, and those responsible for setting prices or managing budgets. It is also suitable for anyone interested in understanding cost control and pricing strategies.

Do you offer 24/7 support for this Costing and Pricing Course?

Yes, 24/7 support is provided to assist participants with any questions or technical issues they may encounter during the course. This ensures a smooth learning process and helps learners stay on track.

What is included in this course?

This course comes with a 1-day training session from experienced trainers, a digital delegate pack, and a certificate upon completion of the course.

What is the duration of this course?

The duration of this Costing and Pricing Certification Training Course spans 1 day.

How long until I receive the course confirmation details?

Course confirmation details are provided within 24 to 48 hours of registration.

What will I learn in the Costing & Pricing Training?

Participants will learn how to analyse costs, develop pricing strategies, understand market dynamics, optimise profit margins, and apply cost management techniques. The course also covers how to set competitive prices while considering internal costs and external market factors.

Do you provide self-paced Costing and Pricing Online Training?

Yes, self-paced options are available, allowing participants to complete the course at their own pace. This flexibility is ideal for busy professionals or those who prefer learning at their own speed.

Do you provide corporate training for this Costing and Pricing Online Course?

Yes, corporate training is offered for businesses seeking to enhance their teams’ skills in cost management and pricing strategies. The training can be tailored to the specific needs and goals of the organisation.

What are the benefits of attending this online course?

The benefits include learning how to develop effective pricing models, improving financial decision-making, optimising profitability, and gaining a competitive edge in the marketplace. Participants will also enhance their ability to manage costs and maximise returns.

What are the difficulty levels of this training?

The course is designed for both beginners and professionals with intermediate knowledge of finance. More advanced topics can be explored by those with prior experience in Costing and Pricing or business management.

Will I receive a certificate upon completing this training on Costing & Pricing?

Yes, a certificate of completion will be awarded to participants who successfully finish the course. This certification validates the skills and knowledge gained during the training and can be a valuable asset in professional development.

Who should I contact if I am unable to access my Costing & Pricing Training?

If you encounter access issues, you should contact The Knowledge Academy's customer support team. They will assist with technical difficulties or provide information on how to resolve access problems.

Does the course include real-world case studies or examples?

Yes, real-world case studies and practical examples are included to help participants apply the concepts learned to real business scenarios. This ensures that learners can directly implement the strategies in their own work environment.

Will this training cover industry-specific Costing & Pricing strategies?

Yes, the course may cover industry-specific strategies, allowing participants to focus on the unique challenges and opportunities in their respective industries. This ensures the training is relevant and applicable to various business contexts.

Why choose The Knowledge Academy in Colorado Springs over others?

The Knowledge Academy in Colorado Springs stands out as a prestigious training provider known for its extensive course offerings, expert instructors, adaptable learning formats, and industry recognition. It's a dependable option for those seeking this Costing & Pricing Course.

What is the cost/training fees for Costing and Pricing Training in Colorado Springs?

The training fees for Costing and Pricing Trainingin Colorado Springs starts from $1295

Which is the best training institute/provider of Costing and Pricing Training in Colorado Springs?

The Knowledge Academy is the Leading global training provider for Costing and Pricing Training.

What are the best Management Courses courses in Colorado Springs?

Please see our Management Courses courses available in Colorado Springs

Why choose us

Best price in the industry

You won't find better value in the marketplace. If you do find a lower price, we will beat it.

Many delivery methods

Flexible delivery methods are available depending on your learning style.

High quality resources

Resources are included for a comprehensive learning experience.

"Really good course and well organised. Trainer was great with a sense of humour - his experience allowed a free flowing course, structured to help you gain as much information & relevant experience whilst helping prepare you for the exam"

Joshua Davies, Thames Water

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