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Project Cost Management Essentials

Curriculum

  • 5 Sections
  • 20 Lessons
  • 5 Days
Expand all sectionsCollapse all sections
  • Module 1: Foundations of Project Cost Management
    4
    • 1.1
      Principles of cost planning, cost governance, and financial accountability
    • 1.2
      Relationship between scope, schedule, cost, and project risk
    • 1.3
      Breakdown structures: WBS, CBS, OBS and how they support cost control
    • 1.4
      Overview of cost categories: CAPEX, OPEX, direct and indirect costs
  • Module 2: Cost Estimation Methods & Budget Development
    4
    • 2.1
      Estimation techniques: analogous, parametric, bottom-up, and 3-point estimating
    • 2.2
      Using benchmarks, historical data, and productivity norms
    • 2.3
      Building cost baselines and phased budgets
    • 2.4
      Contingency strategies and cost-risk quantification
  • Module 3: Cost Control, Tracking & Variance Analysis
    4
    • 3.1
      Monitoring actual vs planned costs throughout project execution
    • 3.2
      Tools for cost tracking: dashboards, cost logs, and real-time reporting
    • 3.3
      Variance analysis (CV, SV) and early-warning indicators
    • 3.4
      Forecasting: EAC, ETC, and updating budgets based on performance
  • Module 4: Earned Value Management (EVM) & Performance Measurement
    4
    • 4.1
      EVM fundamentals: PV, EV, AC, and key performance metrics
    • 4.2
      Interpreting cost and schedule trends using EVM
    • 4.3
      Integrating EVM with project controls and reporting cycles
    • 4.4
      Using performance insights to support decisions and corrective actions
  • Module 5: Governance, Reporting & Financial Decision Support
    4
    • 5.1
      Designing cost-management frameworks aligned with organisational governance
    • 5.2
      Preparing cost reports for executives, sponsors, and project boards
    • 5.3
      Managing cost risks, claims, changes, and contract cost implications
    • 5.4
      Lessons learned, close-out cost reviews, and continuous improvement
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