Enhance your Expertise in Cost Modelling for Procurement
This course will provide you with a fundamental understanding of cost modelling in procurement, an essential skill for public sector procurement professionals. Also referred to as should-cost analysis, this process involves the analysis and estimation of costs associated with procuring goods or services.
This course covers various cost modelling techniques, tools, and best practices used in procurement to effectively analysis costs and make informed procurement decisions. You will learn how to develop accurate cost models that can be used in supplier evaluations to optimise procurement outcomes. This course provides procurement professionals with the necessary knowledge and skills to develop, validate, and utilise cost models effectively in procurement decision-making processes. Through interactive discussions, case studies, and practical exercises, you will gain a thorough grasp of cost modelling techniques and best practices.
Face-to-face or virtual workshop
Content is delivered through a mix of work-based activities, including lecture-style presentations, group discussions, interactive workshops and case studies.