# Project Budgeting and Cost Management

> Estimate, budget and control project costs, track spending with earned value and keep projects within budget.

- **Provider:** Afriskora Training Solutions
- **Category:** Project & Programme Management
- **Duration:** 3 days
- **Formats:** classroom (cities across Africa), live virtual (Zoom/Teams), in-house for teams
- **Certificate:** Afriskora Certificate of Completion, verifiable online
- **Booking:** request dates and a quote; invoice and EFT payment
- **Web page:** https://afriskora.co.za/courses/project-management/project-budgeting-and-cost-management
- **Request dates:** https://afriskora.co.za/request-training?course=project-budgeting-and-cost-management

## 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

## Learning outcomes

- 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 1: Estimating

- Analogous, parametric and bottom-up estimates
- Estimate accuracy classes
- Contingency and management reserve
- Inflation and currency in estimates

### Module 2: Budgeting

- Cost breakdown structures
- Time-phased budgets and S-curves
- Cash-flow planning
- Donor and public-sector budget rules

### Module 3: Cost control

- Commitments and accruals
- Earned value
- Forecasting at completion
- Cost reporting workshop