Estimating, Budgeting & Cost Control

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This course provides practical skills in estimating project costs, budgeting effectively, and maintaining cost control throughout project lifecycles.

Objectives

• Develop accurate cost estimates.
• Implement effective budgeting techniques.
• Maintain cost control for project success.

Who Should Attend?

• Project managers and coordinators.
• Financial analysts and planners.
• Engineers and cost estimators.

Course Outline

Day 1: Cost Estimation Techniques

• Bottom-up and top-down estimating.
• Tools for cost estimation.

Day 2: Budget Development

• Creating and managing project budgets.
• Budgeting tools and software.

Day 3: Cost Control Methods

• Monitoring and controlling costs.
• Variance analysis techniques.

Day 4: Risk and Contingency Planning

• Identifying cost risks.
• Developing contingency plans.

Day 5: Case Studies and Best Practices

• Real-world budgeting scenarios.
• Industry best practices for cost control.