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In economically challenging times the ability to effectively reduce cost in organisations and projects without damaging the quality of our products is essential for survival. This unique event will provide attendees with just that. Delivered by a much sought after and experienced chartered management accountant and engineer who has produced some of the best known publications in this area his Masterclass will be an invaluable training day for both the public and private sectors. 

Key highlights of cost reduction:

  • Strategic sourcing
  • Risk aware re-structuring
  • Support cost review
  • Asset Management

Reasons to attend:

  • A one to one half day session with a leading specialist consultant and chartered accountant
  • Quality training at great value for money
  • A chance to have an expert answer all your questions on effective cost reduction

 

The Masterclass will be lead by Rupert Booth, a Director at Halcrow.

He is a chartered engineer and a chartered management accountant. He has over twelve years management consultancy experience with major global consulting firms, operating at Director level.  His major publications include:
Global Supply Chain, Financial Times
Effective R&D, Financial Times
Practical Cost Management: Techniques to Improve Decision-Making, Chartered Institute of Management Accountants
Conquer the Cost/Service Compromise: A Five Step Program to Improve Performance and Reduce Costs, Irwin (US), Financial Times (UK)


 

Halcrow has a long established reputation for providing infrastructure development and management support in response to client demands for innovative and cost-effective business solutions.  Its Economics and Business Solutions group offers:

  • Best practice operational and business process development
  • Project feasibility assessment, evaluation and modelling
  • Stakeholder and risk mitigation strategies
  • Successful solutions for public-private partnerships
  • Institutional transformation

 

 

Masterclass programme

8:30 Registration & Coffee

9:00 Strategic Sourcing

Rupert Booth

Rupert Booth, Director, Halcrow Group Ltd

  • Moving sourcing beyond contract negotiation and monitoring
  • Understanding spend analysis, category management, rationalistion of material, service and suppliers and ongoing supplier performance measurement
  • Reducing procurement cost, streamlining the supply chain, reducing inventory and increasing customer responsiveness
  • 9:45 Risk-aware Re-structuring

    Rupert Booth

    Rupert Booth, Director, Halcrow Group Ltd

    • Analysing value chains and developing a new operations strategy
    • Identifying opportunities for cost reduction and process re-engineering
    • Minimise risk while managing change

    10:30 Morning Coffee

    11:00 Support Cost Review

    Rupert Booth

    Rupert Booth, Director, Halcrow Group Ltd

  • Considering the economy, efficiency and effectiveness of support services using approaches such as Priority Based Budgeting
  • 11:45 Asset Management

    Rupert Booth

    Rupert Booth, Director, Halcrow Group Ltd

  • Reviewing the assests of the organisation and aligning assets to operational strategy while releasing surplus assets for sale
  • 12:15 Q&A

    Rupert Booth

    Rupert Booth, Director, Halcrow Group Ltd

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    Central London

    London
    United Kingdom

    Central London

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    WHAT IS CPD?

    CPD stands for Continuing Professional Development’. It is essentially a philosophy, which maintains that in order to be effective, learning should be organised and structured. The most common definition is:

    ‘A commitment to structured skills and knowledge enhancement for Personal or Professional competence’

    CPD is a common requirement of individual membership with professional bodies and Institutes. Increasingly, employers also expect their staff to undertake regular CPD activities.

    Undertaken over a period of time, CPD ensures that educational qualifications do not become obsolete, and allows for best practice and professional standards to be upheld.

    CPD can be undertaken through a variety of learning activities including instructor led training courses, seminars and conferences, e:learning modules or structured reading.

    CPD AND PROFESSIONAL INSTITUTES

    There are approximately 470 institutes in the UK across all industry sectors, with a collective membership of circa 4 million professionals, and they all expect their members to undertake CPD.

    For some institutes undertaking CPD is mandatory e.g. accountancy and law, and linked to a licence to practice, for others it’s obligatory. By ensuring that their members undertake CPD, the professional bodies seek to ensure that professional standards, legislative awareness and ethical practices are maintained.

    CPD Schemes often run over the period of a year and the institutes generally provide online tools for their members to record and reflect on their CPD activities.

    TYPICAL CPD SCHEMES AND RECORDING OF CPD (CPD points and hours)

    Professional bodies and Institutes CPD schemes are either structured as ‘Input’ or ‘Output’ based.

    ‘Input’ based schemes list a precise number of CPD hours that individuals must achieve within a given time period. These schemes can also use different ‘currencies’ such as points, merits, units or credits, where an individual must accumulate the number required. These currencies are usually based on time i.e. 1 CPD point = 1 hour of learning.

    ‘Output’ based schemes are learner centred. They require individuals to set learning goals that align to professional competencies, or personal development objectives. These schemes also list different ways to achieve the learning goals e.g. training courses, seminars or e:learning, which enables an individual to complete their CPD through their preferred mode of learning.

    The majority of Input and Output based schemes actively encourage individuals to seek appropriate CPD activities independently.

    As a formal provider of CPD certified activities, SMI Group can provide an indication of the learning benefit gained and the typical completion. However, it is ultimately the responsibility of the delegate to evaluate their learning, and record it correctly in line with their professional body’s or employers requirements.

    GLOBAL CPD

    Increasingly, international and emerging markets are ‘professionalising’ their workforces and looking to the UK to benchmark educational standards. The undertaking of CPD is now increasingly expected of any individual employed within today’s global marketplace.

    CPD Certificates

    We can provide a certificate for all our accredited events. To request a CPD certificate for a conference , workshop, master classes you have attended please email events@smi-online.co.uk

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