NEW DATE FOR 2018
Recovering costs is key to a sustainable budget
Full Cost Recovery means recovering the total costs of a project, service or activity, including a relevant part of overhead costs. By calculating the full costs of each project or activity, organisations can make more informed decisions about managing costs and secure funding or income to recover them. Costs must be calculated on an accurate, defensible and sustainable basis and this half-day course will show you how.
- direct costs
- overhead costs
- average vs. marginal costs
- how to make cost allocations
- tools and templates for planning and budgeting
Benefits to you
There are many benefits for organisations in understanding full cost recovery. It enables an organisation to appreciate the exact amount of funding required and more importantly provides a clear idea of how a project, activity or service will impact on the financial sustainability of an organisation. Good financial practice will lead to more informed planning and decision making and create a more secure, sustainable future.