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Background

“Failing to plan is planning to fail” 

All project managers should have the desire to plan their projects competently. In order to do so, they need the right set of skills to identify project needs (tangible and intangible), engage suitable stakeholders and arrange the proper coordination and tools for the job. Another skill of equal importance, during project implementation, is the ability control teams and work functions.

Addressed in this extensive Course are the skills and techniques project managers need for cost estimation and project control. Included are methods to control and monitor projects as they progress, making sure the project is a success.


Benefits

This Course will provide you with:

  • The essentials of project cost estimation
  • The connection of costs and milestones
  • The ability to estimate invisible and probable costs
  • The main principles of controlling cost
  • The importance of continuous learning and quality improvement in the workplace

Who Should Attend

This extensive Course is aimed at project managers, finance managers, officers and any person involved in project management. Any leader wanting to increase their project management understanding is welcome to take part in this valuable, comprehensive program.


Curriculum

Day One

  • Introduction to project cost estimation
  • Zero based and incremental budgeting exercise
  • Stakeholders in cost estimation
  • Work analysis and resource estimation

Day Two

  • Timelines and milestones
  • Direct vs. indirect costs
  • Human resource cost estimation
  • Inflation rates and long term projects

Day Three

  • Contingency funds planning
  • Cost Monitoring Plans
  • Cost Analysis
  • Analysis of cost variances

Day Four

  • Mainstreaming Monitoring Plans with Project Plans
  • Finance and technical reporting to identify milestones and costs
  • Utilization of Results in Project Planning
  • Continuous quality improvement using monitoring

Fee Information

Fees for this training course includes:

  • tuition costs
  • certificate
  • study materials
  • meals (Lunch and refreshments)
  • a social program (only if more than five participants attend)

  • Course Fee does not cover
  • Visa
  • travel costs
  • any insurance
  • accommodation
  • personal expenses and other meals

  • Discounts may apply for groups, In-house training or destinations other than specified in the program. Please contact us with your requirements and we will provide you with a quote.

    Important Notes


    General Notes:

  • As an open course, this program is offered in specific destinations. However, for groups and as an in-house training, it can be offered in many parts of the world. Please contact us for more details
  • This program can be integrated with any other program in the same category and the client will get a considerable discount.
  • Accordemy courses can be offered in other languages than English too. Please contact us for your needs.


  • What Participants Receive?
  • Certificate of course completion issued by Accord Worldwide, Inc. The USA.
  • Lifetime free access to online version of the course material.
  • Lifetime free membership in related online discussion groups.
  • Discounted fee for future courses.

  • Travel Management

    If you require support in managing your trip to the course destination, we can provide you with information or arrangement. Travel management will be done by third party service providers and any discount will not apply on travel expenses.

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