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Full Cost Recovery - Details

Registration for this event is open from: 17 July 2017 10:00 - 02 February 2018 10:00
Where: Community360 , Winsley's House, High Street, Colchester CO1 1UG ().

Central Colchester. Nearest car park is Greyfriars Car Park off Castle Road & Roman Road which is privately run car park. For other car parks and public transport see this page. Cheapest all day car park for delegates arriving before 9am is Osbourne Street

Date: 02 February 2018 - 02 February 2018
Time: 10:00 - 13:00
Event description:

NEW DATE FOR 2018

Recovering costs is key to a sustainable budget 

Overview

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.

We’ll cover:

  • 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.


Need to train an entire team? All of our courses can be tailored to meet your needs and delivered in a way to suit you. Contact us now.