About the Course
About the Course
Cost control is at the heart of successful project delivery. This course provides a deep dive into Project Cost Management, equipping you with the skills to estimate, budget, and control project costs using industry best practices and PMI® standards.
Whether you're managing construction, engineering, or IT projects, this course helps you build a solid foundation in cost planning and performance measurement — including Earned Value Management (EVM), forecasting, and cost risk analysis.
Course Contents – Project Cost Management
Comprehensive Coverage of Cost Management Processes
Aligned with the PMBOK® Guide and PMI® standards, covering:
Plan Cost Management
Estimate Costs
Determine Budget
Control Costs
Hands-On with Estimating Techniques
Learn bottom-up, parametric, analogous, and three-point estimating with practical examples and exercises.
Earned Value Management (EVM)
Master EVM metrics like CPI, SPI, BAC, EAC, and VAC to monitor performance and forecast project outcomes.
Budgeting and Forecasting
Build and manage project budgets, track variances, and apply forecasting techniques to stay on target.
Cost Risk Analysis
Understand how to assess and manage cost-related risks using contingency reserves and probabilistic models.
Integration with Scheduling and Scope
Learn how cost management aligns with project scope and schedule for integrated project control.
Agile and Hybrid Cost Considerations
Explore how cost is managed in agile and hybrid environments, including value-based delivery and adaptive budgeting.
Your Benefits
Join live instructor-led sessions for deeper insights, Q&A, and collaborative learning.
Learn from experienced cost engineers and project professionals with real-world expertise.
Get help applying cost management tools in your projects or preparing for related certifications.
10 PDUs for continuing education
Recommended For
Project Managers and Cost Engineers managing project budgets and financial performance
Planners and Schedulers integrating cost and schedule control
Professionals preparing for PMI certifications like PMP® or PMI-SP®.
Engineers, Consultants, and PMO staff working on cost-sensitive projects.
Anyone seeking to improve their cost estimating, budgeting, and control skills.