This course introduces concepts of project cost management and budget control and aims to develop a comprehensive understanding of how principles, methods, and tools of the management of project costing, budget management and cost control are applied in the management of projects.
DurationThis course introduces concepts of project cost management and budget control and aims to develop a comprehensive understanding of how principles, methods, and tools of the management of project costing, budget management and cost control are applied in the management of projects.
This course places project cost and budget controls, as the core of the project management process and ensures that students understand and apply appropriate techniques to estimate project cost and control the budget and resources of the overall project. The course aims to enable students to understand the application of the concepts such as planning the cost management process, different costing techniques, time-based budget preparation and project cost control.
One of the key objectives is for students to deliberate the ways students can use and apply this course knowledge to enhance students' organizational experiences. This is achieved by the application based assignments and exercises, that can be used to enrich students' learning experience of Project Budget and Cost Management.
About NTU Singapore
Young and research intensive, Nanyang Technological University, Singapore (NTU Singapore) has 33,000 undergraduate and postgraduate students in engineering, business, science, humanities, arts, social sciences, education and medicine.
Ranked among the world’s top universities, NTU is home to world-class institutes – the National Institute of Education, S Rajaratnam School of International Studies, Earth Observatory of Singapore, and Singapore Centre for Environmental Life Sciences Engineering.
Besides being reputed as one of the world’s most beautiful campuses, the NTU Smart Campus is a living testbed of tomorrow’s technologies and a model of sustainability, with 95% of its campus buildings Green-Mark certified.
NTU also leads the way in Singapore, with eight Zero-Energy Buildings, the most amongst all organisations in this country.
In addition to its main campus in the western part of Singapore, NTU also has a medical campus in Novena, Singapore’s healthcare district.
Vision & Mission
A great global university founded on science and technology, nurturing leaders and creating societal impact through interdisciplinary education and research.
Equality, Diversity and Inclusion at NTU
NTU believes in building an inclusive campus for its students, staff and faculty where diversity is respected. We strive to create diverse and inclusive environments to achieve a vibrant campus for education and a welcoming workplace for people from all backgrounds.
OneNTU Core Values
NTU has a diverse community of students, employees and alumni with multiple backgrounds and expertise.
The OneNTU core values serve as the compass for all of us at the University, guiding our daily actions and decisions:
The design and construction of building projects is highly complex and demanding process involving multiple disciplines such as architecture, civil and structural engineering, mechanical and electrical engineering, quantity surveying and construction.
Many managers and executives have the responsibility of preparing and monitoring a business budget for their team or department. Therefore, it is important for them to understand the different types of budgets and budgeting considerations.
Gaining insights into the cost-volume-profit relationships enable managers to make better scare resources allocation decisions, plan activities, control costs and evaluate performance.
To stay on top, companies must constantly re-examine the budgeting and forecasting models they use in their decision making processes to ensure they are up-to date and incorporate the latest in budgeting and forecasting best practices.
This workshop focuses on the skills to manage the budgeting and forecasting processes that are critical to enterprises large and small.
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