Project Budgeting and Cost Management
Estimate, budget and control project costs, track spending with earned value and keep projects within budget.
- 3 days
- Classroom · Live virtual · In-house
- Afriskora Certificate of Completion
Course overview
Cost overruns damage organisations' finances and credibility, especially in public infrastructure. This course covers how to estimate project costs, build a time-phased budget with contingency, track actual costs and commitments, apply earned value and forecast final costs early enough to act.
Who should attend
- Project managers and project accountants
- Quantity surveyors and cost engineers
- Programme finance officers
- PMO staff
What you will be able to do
- Prepare cost estimates using suitable techniques
- Build a time-phased budget with contingency and reserves
- Track costs and commitments accurately
- Use earned value to measure performance
- Forecast final costs and take corrective action
Course outline
Module 1Estimating
- • Analogous, parametric and bottom-up estimates
- • Estimate accuracy classes
- • Contingency and management reserve
- • Inflation and currency in estimates
Module 2Budgeting
- • Cost breakdown structures
- • Time-phased budgets and S-curves
- • Cash-flow planning
- • Donor and public-sector budget rules
Module 3Cost control
- • Commitments and accruals
- • Earned value
- • Forecasting at completion
- • Cost reporting workshop
Frequently asked questions
How long is the Project Budgeting and Cost Management course?
The course runs for 3 days. Daily start and finish times are confirmed in your joining instructions. Live virtual sessions cover the same programme.
Do I receive a certificate?
Yes. Every participant who completes the course receives an Afriskora Certificate of Completion with a unique code that employers can verify online.
Can this course be delivered in-house for our team?
Yes. We can run it at your premises or online for your team, on dates that suit you, and adapt examples and case studies to your sector.
How do I book and pay?
Request dates and we'll send available sessions and a quote. Bookings are confirmed by invoice and paid by EFT. South African clients can include the course in their Workplace Skills Plan.
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