Lesson series
Cost & Budget Management for Ship Managers (Commercial & Technical)
Understanding of basic concepts such as cost behaviour, breakeven analysis, budgeting, is essential for decision makers and cost controllers. The course explains the human behaviour and the strategic importance of “buy-in” from all levels. Pros & cons of top-down and bottom-up and most importantly identifying the starting point of the budget process. If dwells into pitfalls of “padding” and the need to commit to a realistic budget and strive towards bettering it without compromising safety &quality of operations.
Mode
Online Program (Zoom)
Language
English
Total Duration
7hrs
Total Sessions
2 (3.5hrs)
Session Date
13 & 14 Aug 2025
Course Fee:
US$ 505
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Program Overview
Cost & Budget Management for Ship Managers (Commercial & Technical)
Program Overview
Topics
Trainers
Understanding of basic concepts such as cost behaviour, breakeven analysis, budgeting, is essential for decision makers and cost controllers. The course explains the human behaviour and the strategic importance of “buy-in” from all levels. Pros & cons of top-down and bottom-up and most importantly identifying the starting point of the budget process. If dwells into pitfalls of “padding” and the need to commit to a realistic budget and strive towards bettering it without compromising safety &quality of operations.
Topics
- Budgeting (Basics, Benefits & Process), Human behaviour, commitment from top and “all buy-in”
- Strategic, budgetary and, operational planning
- Budgeting revenue, overheads and, expenses
- Break-even analysis
- Cost behaviour (fixed, variable and, semi-fixed costs)
- Direct & indirect costs
- Absorption costing, marginal costing and, analysis of cost
- Accrual basis of accounting
- Variance Analysis & closed loop feedback
Professionals: Chartering, Tonnage Procurement, Asset Managers , Finance & Treasury Financial Institutions
Trainers
Jagmeet Makkar FICS, Managing Principal Maritime People Solutions - LSF Global'
Program Format:
Mode – Online Program (Zoom)
Language: English
Total Duration: 7hrs
Total Sessions: 2 (3.5hrs)
Session Date: 13 & 14 Aug 2025
Session Timing: Hong Kong 14.30 - 18.00 hrs | India 12.00 - 15.30 hrs | Dubai 10.30 - 14.00 hrs
Course Fee: US$ 505 | HK$ 4000 (Bank charges both ends to be on remitter's account)
Total Duration: 7hrs
Total Sessions: 2 (3.5hrs)
Session Date: 13 & 14 Aug 2025
Session Timing: Hong Kong 14.30 - 18.00 hrs | India 12.00 - 15.30 hrs | Dubai 10.30 - 14.00 hrs
Course Fee: US$ 505 | HK$ 4000 (Bank charges both ends to be on remitter's account)
MAFT Code: MC039
Payment Option
1) Bank Transfer Payment
SkillsPlus Ltd - A/C No. 239762149883; Hang Seng Bank; Swift Code: HASEHKHH
2) Credit Card
Click here
(Please email the remittance slip to info@skillsplus.sg and anamika.chhawal@lsfglobal.com)
Avail Discount
Contact for more information on Maritime Skills+ Curriculum
LSF Global (www.lsfglobal.com)
+852 95279124 | anamika.chhawal@lsfglobal.com
SkillsPlus (www.skillsplus.sg)
+852 94686314 | info@skillsplus.sg
(Please email the remittance slip to info@skillsplus.sg and anamika.chhawal@lsfglobal.com)
Avail Discount
- This is a MATF Program (eligible participants may apply for 80% refund from the Government of Hong Kong, SAR).
- Early Bird Discount 10% if registered by 5th June 2025
- Group Discount: 10% if three (3) or more from the same firm (max discount 25% including early bird).
- Additional discount of 5% for ICS / NI / WISTA / HKMLA members.
Contact for more information on Maritime Skills+ Curriculum
LSF Global (www.lsfglobal.com)
+852 95279124 | anamika.chhawal@lsfglobal.com
SkillsPlus (www.skillsplus.sg)
+852 94686314 | info@skillsplus.sg
Lead Trainers Profile:
Mr. Jagmeet Makkar
Independent Arbitrator & Mediator; Former IME(I) Chair - Indian Maritime University; Sea Ambassador ISWAN; Chairman - Institute of Chartered Shipbrokers (HK Branch); Ambassador HK - Baltic Expert Witness Association