Who should attend the Business Data Analytics Training Course?

The course is designed for business analysts, data analysts, managers, and decision-makers who want to leverage data analytics for strategic business decisions and operational improvements.

Is the Business Data Analytics Training Course offered online?

Yes, the course is offered in a live, interactive online format, allowing participants direct interaction with instructors.

Do participants earn a certificate upon course completion?

Yes, successful participants receive a Certificate of Completion from The Inteq Group.

Cost Optimization Training Course

The focus of Inteq’s Cost Optimization training is on aggressively reducing costs without compromising operational excellence. This intensive 2-day course equips business analysts, SMEs, team leads, functional managers, business leaders, and decision-makers with actionable cost optimization strategies, tactics and best practices that participants can immediately apply.

This course dives into the major areas of opportunity for cost optimization including workforce optimization, operational cost optimization, and technology and automation opportunities (yes, AI too!). Participants learn to align staffing levels and reduce labor costs, identify opportunities to eliminate non-value-adding work, apply lean principles to reduce waste, and much more.

You will leave with a comprehensive set of cost optimization skills, techniques, and methods to achieve substantial, sustainable cost savings while maintaining quality and positioning your organization to compete in today’s highly competitive, rapidly changing business environment.

Course Outline

Framework And Key Concepts

Effectiveness, Efficiency and Value Creation

Cost Optimization vs. Cost Cutting

Organization Structure from 360○

The 5 Essential Business Analysis Questions

What is “Cost”

First Principals Thinking

Types of Costs

Components of Costs

Cost Metrics and KPIs

Workforce Cost Optimization Tactics

Workforce Optimization (10 tactics)

Compensation and Pay Structure (5 tactics)

Workforce Readiness, Training and Development (5 tactics)

Attrition and Long-Term Planning (3 tactics)

Workforce Technology and Automation (6 tactics)

Operational Cost Optimization Tactics

Processes and Lean Operations (8 tactics)

Outsourcing and Vendor Management (4 tactics)

Cost-Containment Policies (5 tactics)

Resource Management (4 Tactics)

Operational Technology and Automation (6 tactics)

Cost Optimization Case Study

Participants identify and analyze opportunities to optimize costs via a complex at-scale business process. This case study provides an invaluable template that you and your team can leverage to jump start cost optimization in your organization.

Strategy, Objectives & Opportunities

Enterprise vs. Operational Strategy

Strategy Maps & Objectives

Identifying Cost Optimization Opportunities

Business Cases & Decision Making

Components of a Business Case

Valuating and Ranking Opportunities

The Opportunity Backlog and Initiatives

Putting It all Together

Cost Optimization Roadmap

Cost Optimization Dilemmas and Paradoxes

Organizational Change Management

The Future State Organization

Learning Objectives | You Will Learn | Key Benefits

Clearly differentiate Cost Optimization from Cost Cutting.
Understanding the context and ecosystem of Cost Optimization from 360^○.
Types of and the components of “cost.”
Best practice tactics, techniques, methods and skills for Cost Optimization.
A framework and roadmap for process improvement and transformational BPR.
Identify the risks and risk mitigation strategies for Cost Optimization.
Align organizational and operational objectives with Cost Optimization.
Best practices to achieve sustainable results.
Apply a toolkit of specific, proven, practical high impact Cost Optimization tactics.
… and much more.

Who Should Attend?

Business Analysts
SMEs
Team Leads
Functional Managers
Business Leaders
Decision-Makers
Other stakeholders concerned with Cost Optimization in their organization

Prerequisites:

None. However, Cost Optimization seamlessly and synergistically integrates with Inteq’s:

Learning Options:

Live Team Training via out live virtual classroom or onsite at your location. Inteq’s Cost Optimization 2-day training course can also be tailored to your organization’s training objectives and can be combined with other Inteq courses to create a 3, 4 and 5-day hybrid training program.

What’s In the box?

OK, there is not a box per se – the content is digital. In addition to 2-days/16 hours of expert instruction you receive:

Digital Badge of Completion
Personalized Certificate of Completion
16 ACCET Continuing Education Units (CEUs)
1.6 IIBA Professional Development Units (PDUs)
Electronic (PDF) Comprehensive 140 Page Course Manual
Case Study Materials
Supplemental Course Materials

Course Length:

The course is designed for 2 days/ 16 hours of live training.

Team Training

Bring Your Team Together For a Live High-Impact Shared Training Experience

Schedule a Free Consultation

2, 3, 4 and 5-Day
Customized Training Options

Why team training?

"Our team was very impressed with Inteq’s BSA training program and we will definitely be bringing this training back for other teams."

"The course included a toolbox of best practice analysis techniques. Most importantly, the instructor explained how, when, and why to use these techniques."

"This was my first live virtual learning experience. Excellent course and very effective delivery via the virtual format."

BFS

"Our team was very impressed with Inteq’s BSA training program and we will definitely be bringing this training back for other teams."

"The course included a toolbox of best practice analysis techniques. Most importantly, the instructor explained how, when, and why to use these techniques."

"This was my first live virtual learning experience. Excellent course and very effective delivery via the virtual format."

BFS