As a product moves from concept into active development, cost tracking becomes one of the most critical tools for protecting its viability. This course builds on foundational accounting principles to show you how to monitor and refine cost data throughout the development stage, moving from rough projections toward the detailed, accurate figures that will define full-scale production. You’ll develop the financial rigour to keep your project on track and your stakeholders confident.
Skills you will learn:
Finance
Logistics
Learning Objectives
Protect margins early by using development-stage costing to catch expensive ingredients, process choices, packaging, and yield losses before they get �baked in� to the product.
Manage costs with intention by creating a development-stage costing plan that sets targets, tracks assumptions, and flags changes as the formula, process, and suppliers evolve.
Apply generally accepted good practices by using standard cost variables, documenting assumptions, modeling best/expected/worst cases, validating yields and labor, updating costs at each stage gate, and keeping a clear version history for decisions.
Improve go-to-market decisions by using costing outputs to guide pricing, pack size, supplier selection, process improvements, and whether the product is ready to scale.
Who Should Take This Course?
Innovators
Team Members & Leaders
Small Business Owners
Course Outline & Major Topics
1. Why costing is important at the development stage.
2. Why you need a plan to manage your development stage costing
