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219 Students 
2 hours, 40 minutes 
Project Management Course: Cost Management, Estimating, Budgeting and Control Overview
The Project Management Course: Cost Management, Estimating, Budgeting and Control offers clear and simple training in cost planning and control. It is designed for anyone who wants to improve their skills in budgeting, cost estimation, and financial tracking in projects. The course covers direct and indirect costs, popular estimating techniques like analogous and parametric estimation, and teaches how to build a solid cost baseline and funding plan.
You’ll learn how to track costs using earned value formulas, understand project status, and forecast future performance with real examples and simulations. Whether you are starting out or want to boost your project management knowledge, this course gives you the confidence to manage project costs effectively.
This training is perfect if you’re aiming to join project management professional courses or project management training courses that focus on cost and management skills. The lessons are short, practical, and taught in everyday language. By the end, you’ll be ready to plan a cost-effective project, estimate costs wisely, manage budgets with care, and keep spending under control.
Course Preview
Learning Outcomes
- Understand what cost management means in a project setting.
- Identify and explain direct and indirect costs.
- Use analogous and parametric estimation to predict costs.
- Apply three-point estimating for better forecasting.
- Carry out a reserve analysis to prepare for surprises.
- Build and manage a clear cost baseline and project budget.
- Track progress with earned value formulas.
- Forecast future project performance using real examples.
- Use the To-Complete Performance Index (TCPI) to stay on track.
- Complete a project simulation to test your skills in a real-world setting.
Who Is This Course For
This course is ideal for beginners and working professionals who want to improve their cost management skills in project environments. If you are looking for project management professional courses or need a solid base in cost control, this is for you. It also suits business owners, team leaders, or anyone who needs to manage project spending, estimate costs, or control budgets. Whether you’re new to projects or aiming to sharpen your current skills, this course gives you simple tools that you can use right away.
Eligibility Requirements
To enrol in Project Management Course: Cost Management, Estimating, Budgeting and Control, participants should have a solid grasp of relevant subjects or disciplines and a strong interest in the field. This course is designed for recent graduates, professionals looking to enhance their skills, and individuals aiming to transition into the industry.
Entry Requirements
- Age Requirement: Applicants must be 16 or older, making the course accessible to both young learners and adults.
- Academic Background: No prior qualifications required, open to all backgrounds.
- Language Proficiency: A good understanding of English is essential, as all lessons are in English.
- Numeracy Skills: Basic writing and numeracy skills are needed to follow the course content.
Why Choose Us
- Affordable, engaging & high-quality e-learning study materials;
- Tutorial videos/materials from the industry-leading experts;
- Study in a user-friendly, advanced online learning platform;
- Efficient exam systems for the assessment and instant result;
- The UK & internationally recognised accredited
- Access to course content on mobile, tablet or desktop from anywhere, anytime;
- The benefit of career advancement opportunities;
- 24/7 student support via email.
Career Path
After completing this course, you can explore many roles in the field of project management, cost planning, and budget control. You’ll be ready to handle the financial side of projects with confidence. This course also supports your journey towards more advanced project management training courses and certifications.
Frequently Asked Questions
A cost plan outlines estimated project costs, allocating budgets to tasks, resources, and contingencies, helping managers control expenses, track progress, and make informed decisions throughout the project lifecycle.
Effective cost and management ensures accurate budgeting, resource allocation, and expense monitoring, reducing overruns and risks while improving project performance, profitability, and stakeholder confidence.
Project management courses equip learners with skills in planning, cost control, scheduling, risk management, and leadership, enabling successful project execution and career growth in diverse industries.
A professional course prepares individuals for certification, enhances knowledge of project methodologies, cost management, and performance monitoring, increasing employability and credibility in managing complex projects.
Courses covering budgeting, estimating, earned value analysis, and forecasting equip professionals to manage costs effectively, ensuring projects stay on schedule and within budget.
