Performance Management (PM)
Develop the advanced analytical skills needed to manage costs, make strategic business decisions, and drive superior organizational performance.
What is the PM Module?
The Performance Management (PM) module builds upon the knowledge of management accounting, focusing on the practical application of techniques to solve real-world business problems.
This module equips you to take on the role of a management accountant in planning, decision-making, and controlling performance. You will master the use of analytical tools to evaluate business scenarios, manage risks, and optimize organizational resources.
Core Competencies
- •Cost Control: Applying specialist techniques for strategic planning.
- •Decision Analysis: Quantifying outcomes under risk and uncertainty.
- •Performance: Measuring divisional success through KPIs.
What You Will Study
1. Advanced Costing & Budgeting
Specialist cost management techniques for modern business
Strategic pricing strategies and market competitiveness
Implementation of budget planning and variance analysis
Assessing cost behaviors to drive long-term strategy
2. Decision-Making Analytics
Evaluating complex financial options and scenarios
Quantifying business outcomes under conditions of uncertainty
Risk assessment within strategic decision-making
Utilizing sensitivity analysis and quantitative models
3. Performance Measurement & Control
Evaluating organizational success using financial and non-financial KPIs
Divisional performance measurement and transfer pricing
Identifying and monitoring Critical Success Factors
Management control systems and performance reporting