Methodology

This course relies on individual and group exercises to help participants learn all the critical activities related to project budgeting and cost estimation. It also features several case studies

Course Objectives

By the end of the course, participants will be able to:

Explain the project cost management process and develop project cost management plans

Build a business case and utilize capital budgeting techniques to evaluate long-term investments used in a project

Provide accurate estimates and identify different methods for estimating a project’s overall costs

Develop a project cost baseline and a project budget, and explain contingency and management reserves allocated for the project

Identify project variance and calculate project performance metrics using earned value analysis

Apply different cost-saving strategies for projects and implement continuous improvement concepts on a project's overall finances

Target Audience

Project managers who seek to estimate costs for the activities of their projects, manage project budgets, and learn the different methods that can help in saving project costs.

Target Competencies

Project management

Project planning

Budgeting

Cost estimating

Earned value analysis

Cost savings