Module 1: Introduction to Project Budgeting and Cost Management
• The role of cost management in project success
• Overview of the cost management process
• Cost estimating methods: top-down, bottom-up, parametric
• Importance of budget alignment with scope and schedule

Module 2: Project Budget Development
• Work Breakdown Structure (WBS) and cost allocation
• Developing the cost baseline and contingency reserves
• Time-phased budgeting and resource planning
• Linking project budgets to financial plans

Module 3: Cost Control Techniques and Monitoring
• Cost performance measurement and control tools
• Variance analysis and corrective actions
• Cost performance index (CPI) and schedule performance index (SPI)
• Managing project changes and cost impacts

Module 4: Earned Value Management (EVM)
• Principles and components of EVM
• Planned value (PV), earned value (EV), actual cost (AC)
• Forecasting completion cost (EAC, ETC)
• Interpreting EVM indicators to support decision-making

Module 5: Risk-Based Cost Management
• Identifying and analyzing cost-related risks
• Quantitative risk assessment in budgeting
• Managing uncertainty in cost planning
• Scenario analysis and contingency planning

Module 6: Tools and Technology for Budgeting and Cost Tracking
• Using Excel for project cost modeling and dashboards
• Integrating Microsoft Project or other software for budgeting
• Real-life examples and case-based exercises
• Preparing financial reports and presenting to stakeholders

This interactive training includes lectures, discussions, and case simulations to help participants apply budgeting and cost control techniques directly to their work environment. By mastering the principles of project financial management, professionals will be better equipped to deliver projects on time, within budget, and aligned with business goals.

Project Budgeting & Cost Management Training Course