Project Budgeting, Estimation and Cost Saving Techniques

This course relies on individual and group exercises to help participants learn all the critical activities related to project budgeting and cost estimation. It also features several case studies, participant role-plays, and discussions. In addition, it incorporates pre- and post-testing.

By the end of the course, participants will be able to:

• Explain the project cost management process and develop project cost management plans
• Build a business case and utilize capital budgeting techniques to evaluate long-term investments used in a project
• Develop accurate estimates and identify different methods for estimating a project’s overall costs
• Develop a project cost baseline and a project budget, and explain contingency and management reserves allocated for the project
• Apply different cost-saving strategies for projects and implement continuous improvement concepts in a project's overall finances
• Identify project variance and calculate project performance metrics using earned value analysis

Project managers who seek to estimate costs for the activities of their projects, manage project budgets, and learn the different methods that can help in saving project costs. 

• Project Management Execution

• Project Planning & Scope Integration

• Project Budgeting & Financial Control

• Cost Estimation & Forecasting Accuracy

• Earned Value Management & Performance Analysis

• Cost Optimization & Efficiency Management