Case Study:

Regaining Cost Control

Client Challenge:

A business wanting to address escalating costs as a result of inefficiencies requiring urgent review and action

Approach:

• Comprehensive Cost Review - Tasked with a thorough review of costs across the profit and loss account to identify inefficiencies and areas for improvement
• Data Analysis and Presentation - Analysed data and presented findings to company executives, outlining the extent of the issue, projected losses for the remainder of the year, and recommendations for improvement
• Strategic Project Design - Designed and delivered a comprehensive project targeting key areas contributing to the loss, with a focus on managing risks and opportunities to mitigate losses and enhance cost reduction
• Multi-Workstream Management - Led multiple workstreams to effectively manage risks within the year and identify  opportunities for ongoing cost reduction

Outcomes:

• Significant Loss Reduction - Throughout a 9 month project, achieved a 75% reduction in projected losses, signalling a substantial turnaround in financial performance
• Forward-Looking Strategy - Delivered a robust project plan for the following year, empowering the business to continue cost reduction efforts and sustainably manage financial performance