Using AI for Cost & Profit Analysis
Class types
Class types
About this course
Artificial Intelligence is no longer just for tech experts. It is a tool every professional can use to make faster, smarter business decisions.
This program helps participants understand how to use AI to analyze costs, identify profit opportunities, and make informed strategic moves without complex coding or heavy technical theory.
Through relatable examples, hands-on activities, and easy-to-use AI tools, participants will learn how to turn raw data into actionable insights, optimize pricing, and improve profitability with confidence.
Who should attend?
- Business owners and entrepreneurs looking to improve profitability.
- Managers and executives in finance, costing, or operations.
- Staff involved in budgeting, pricing, sales analysis, or performance tracking.
- Anyone wanting to explore AI as a practical tool for cost and profit decision-making.
Learning Outcomes
By the end of this program, participants will be able to:
- Understand how AI can improve cost and profit analysis.
- Recognize the difference between cost, margin & profit and how AI tracks them.
- Use AI tools to interpret business data without technical jargon.
- Create and manage a simple AI-powered budget.
- Identify cost drivers and recommend improvements using AI insights.
- Track key metrics using AI dashboards for better decision-making.
Program Duration
- 2 Days (14 Hours Total)
- Day 1 –
- Day 2 –
Course Content
Module 1: Why AI Matters in Cost & Profit Analysis
Objective:
Content & Activities:
- How AI changes the way we analyze business numbers.
- Common challenges in manual costing and profit analysis.
- Linking AI-driven insights to better business decisions.
Module 2: Understanding the Cost–Profit Connection
Objective:
Content & Activities:
- The difference between cost, margin, and profit.
- Mapping your cost structure in a simple AI-friendly format.
- Identifying leaks and inefficiencies with AI analysis tools.
Module 3: AI-Powered Business Health Check
Objective:
Content & Activities:
- Using AI to read P&L, cash flow, and key cost reports in plain language.
- “Traffic light” AI analysis to detect good vs. bad signs.
- Quick wins from AI insights even if you’re not a numbers person.
Module 4: Hands-On – Running Your First AI Analysis
Objective:
Content & Activities:
- Step-by-step AI prompt for cost breakdown.
- Identifying problem areas and opportunities from AI output.
- Turning AI results into action points.
Module 5: Forecasting & Budgeting with AI
Objective:
Content & Activities:
- Why every business needs AI-assisted forecasting.
- Creating a simple budget model with AI.
- Avoiding over/underestimations using AI simulations.
Module 6: AI for Pricing & Margin Optimisation
Objective:
Content & Activities:
- How AI can simulate pricing scenarios.
- Spotting hidden costs that reduce margins.
- “Back of envelope” pricing checks with AI.
Module 7: Tracking KPIs with AI Dashboards
Objective:
Content & Activities:
- 7 key financial metrics AI can monitor for you.
- Turning live AI tracking into actionable strategies.
- Knowing when to review or adjust.
Module 8: Practical Simulation: AI as Your Business Analyst
Objective:
Content & Activities:
- Participants run a real case using AI tools.
- Making decisions based on AI-generated recommendations.
- Group discussion, lessons learned, and next steps.
Certification
Participants will receive a Richworks Academy Certificate of Completion for Using AI for Cost & Profit Analysis upon successfully completing the session.
