ACF003: Commercial Acumen and Cost Consciousness

This course gives you a wider perspective of how the functions integrate with one another, your place within this and the value you (and your team) can create.

Course Objectives

Research has consistently demonstrated that when clear goals are associated with learning, it occurs more easily and rapidly.

This course is designed to help you in the following ways:

  • The importance of ‘commercial awareness’ in relation to your role and the organisational context
  • Identify strategic aims of the organisation and your own function’s operational aims
  • Determine how you can proactively contribute to and add value to the strategic aims of the organization
  • Identify and evaluate the needs of relevant stakeholders and how you can build effective relationships to fulfill these needs
  • Identify, analyse and evaluate key performance indicators (KPIs) / business performance ratios
  • Use, analyse and evaluate financial and management accounting techniques to make costing pricing decisions
  • Calculate performance measures relating to cost, quality and delivery
  • Develop a business case (using KPIs ratios) to demonstrate return on investment and return on expectations potential
  • Be able to communicate to stakeholders the likelihood of the risk occurring and its potential consequences
  • Analyse the features, use and constraints of different continuous improvement techniques and models
  • Explain the importance of feedback from customers and other stakeholders in continuous improvement
  • Identify, analyse and evaluate how to develop professionalism and behaviours within your role
  • Develop a continuous professional development plan, evaluating the effectiveness of actions taken, identifying possible future improvements

Course Content

Expand All
Not Enrolled
or $49.99

Course Includes

  • 11 Lessons
  • 80 Topics
  • 9 Quizzes
  • Course Certificate