Project Budgeting and Estimations

INTRODUCTION

The overarching goal of this course is to give learners with the information and abilities required to estimate project expenses and manage project budgets successfully. Participants in this interactive session will acquire all of the necessary tools and procedures for planning, managing, controlling, and optimising total project finances.

COURSE METHODOLOGY

This course is designed in the form of workshop which will includes a variety of learning tools to help participants function effectively and efficiently in a multifunctional environment through various methodologies including;

• Short lectures
• Brainstorming
• Case studies
• Group activities
• Role playing

COURSE OBJECTIVES

The attendees of this Certificate Program will be able to:

• Develop project cost management strategies and explain the project cost management process.
• Create a business case and apply capital budgeting strategies to assess long-term investments in a project.
• Create reliable estimates and discover several approaches for calculating the total expenditures of a project.
• Create a project cost baseline and budget, as well as describe the project’s contingency and management reserves.
• Perform earned value analysis, identify project variation and compute project performance measures.

WHO SHOULD ATTEND THIS COURSE?

• Project managers
• Mangers interested in budget management
• Decision makers
• Anyone who is interested in project budgeting

TARGETED SKILLS

• Project management
• Project planning
• Budgeting
• Cost estimating
• Earned value analysis
• Cost savings