Turning a promising idea into a profitable product requires more than creativity � it demands rigorous financial discipline from the very start. This course explores the principles and practices of innovation costing, helping you understand how to forecast resource requirements, track expenditure, and make financially sound decisions throughout the innovation process. You’ll build the skills to align your costing approach with your innovation roadmap and give your initiatives the best possible chance of commercial success.
Skills you will learn:
What is a Costing process?
Why is it important?
Learning Objectives
Define key costing variables clearly so you can calculate product cost accurately and make better pricing decisions.
Complete a product costing worksheet with confidence by entering the right data and avoiding common calculation errors.
Build a practical costing framework to evaluate, develop, commercialize, and launch products with stronger margin control and smarter go-to-market choices.
Use costing insights to improve decision-making by identifying cost drivers, reducing waste, and protecting profitability throughout the product lifecycle.
Who Should Take This Course?
Innovators
Team Members & Leaders
Small Business Owners
Course Outline & Major Topics
1. The definitions of costing variables
2. Understand how to fill in a costing worksheet for your product
3. Develop a costing framework, to evaluate develop, commercialize, and launch a product
