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 |
---|---|---|---|---|
May 13, 2024 | May 17, 2024 | Nairobi | $ 950 | Register |
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 | |||
---|---|---|---|---|---|---|---|
May 27, 2024 | Jun 01, 2024 | Online | $ 400 | Register | |||
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.
Certification
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: training@perk-gafrica.com