Food Security and Agriculture

Training Course on Cost Estimation Budgeting and Cost Control

Course Overview

The Cost Estimation Budgeting and Cost Control training is designed to equip participants with the essential skills and knowledge required for effective cost estimation, budgeting, and cost control in various business environments. Through a combination of theoretical concepts, practical examples, and interactive exercises, participants will gain a thorough understanding of the key principles and best practices in managing costs throughout project lifecycles.

Course Duration

Online Training: 6 days

Classroom Training: 5 days

Module 1: Introduction to Cost Management

  • Understanding the Importance of Cost Management
  • Overview of Cost Estimation, Budgeting, and Cost Control
  • Role of Cost Management in Project Success

Module 2: Cost Estimation Techniques

  • Overview of Cost Estimation
  • Types of Cost Estimates (Rough Order of Magnitude, Budgetary, Definitive)
  • Parametric Estimating
  • Analogous Estimating
  • Bottom-Up Estimating
  • Case Studies and Practical Exercises

Module 3: Budgeting Fundamentals

  • Importance of Budgeting in Project Management
  • Types of Budgets (Fixed, Flexible, Rolling, Incremental)
  • Developing a Project Budget
  • Budget Monitoring and Adjustments
  • Real-life Budgeting Challenges and Solutions

Module 4: Cost Control Strategies

  • Principles of Cost Control
  • Earned Value Management (EVM)
  • Variance Analysis
  • Change Control Procedures
  • Reporting and Communication in Cost Control

Module 5: Risk Management in Cost Management

  • Identifying and Assessing Cost Risks
  • Developing a Risk Management Plan
  • Mitigating Cost Risks
  • Integrating Risk Management with Cost Control

Module 6: Technology Tools for Cost Management

  • Introduction to Cost Management Software
  • Demonstration of popular tools (e.g., Microsoft Project, Oracle Primavera, SAP)
  • Utilizing Spreadsheets for Cost Analysis
  • Integrating Technology into Cost Control Processes

Module 7: Case Studies and Practical Applications

  • Real-world Case Studies on Successful and Challenging Cost Management
  • Group Exercises and Simulations
  • Peer Review and Feedback

Module 8: Continuous Improvement in Cost Management

  • Lessons Learned and Continuous Improvement
  • Benchmarking Best Practices
  • Establishing a Cost Management Culture
  • Professional Development in Cost Management

Note: This outline provides a general structure for the training. The specific content, activities, and duration of each session may be adjusted based on the target audience, learning objectives, and available time.

Classroom Training Schedule

Start Date End Date Location Cost Apply
Jun 17, 2024 Jun 21, 2024 Nairobi $ 950 Register
Jul 22, 2024 Jul 26, 2024 Nairobi $ 950 Register
Aug 26, 2024 Aug 30, 2024 Nairobi $ 950 Register
Sep 30, 2024 Oct 04, 2024 Nairobi $ 950 Register
Nov 04, 2024 Nov 08, 2024 Nairobi $ 950 Register
Dec 09, 2024 Dec 13, 2024 Nairobi $ 950 Register

Virtual Training Schedule

Start Date End Date Location Cost Apply
Jul 01, 2024 Jul 06, 2024 Online $ 400 Register
Aug 05, 2024 Aug 10, 2024 Online $ 400 Register
Sep 09, 2024 Sep 14, 2024 Online $ 400 Register
Oct 14, 2024 Oct 19, 2024 Online $ 400 Register
Nov 18, 2024 Nov 23, 2024 Online $ 400 Register

Registration Process

Enrolling in our training programs is effortless! Upon submitting your details on the course registration link, a representative will get in touch with the relevant information.

Group Discounts

Boost your team's skills and maximize value with our attractive group discounts. Enroll 3 or more participants and enjoy significant discounts on any of our training programs.

Course Language

This Training course is offered in ENGLISH . Please indicate the language of choice during registration.

Training Approach

Our instructor-led trainings use well guided presentations, practical exercises, and group acivities. Participants are encouraged to bring any data relevant to their job responsibilities. Training manuals and additional reference materials are provided to the participants.


Upon completion of training, the participant will be issued with a certificate of Completion.

Post Training Support

Our commitment our clients success extends beyond the training program. We offer ongoing 3 months support through Q&A sessions, online forums, and access to our expert instructors.

Tailor-Made Course

We design customized training programs and inhouse workshops to meet specific training needs and organizational goals. Contact us to find out more: