Project Cost and Financial Management is concerned with the process of performing pre-project financial assessment, planning, creating and controlling the cost of a project or business.
DurationProject Cost and Financial Management is concerned with the process of performing pre-project financial assessment, planning, creating and controlling the cost of a project or business. It includes activities such as planning, estimating, budgeting, financing, funding, managing, and controlling costs so that the project can be completed within the approved budget.
Cost management covers the full cycle of a project from the pre-project assessment, initial planning phase towards measuring the actual cost performance and project completion. This course will explain the cost definition, process of calculating the project cost and also Earn Value Analysis technique which is used to monitor the performance of the project cost in line with the method as according to PMBOK.
This introductory workshop will help you to be more effective in your role, and will give you a proven set of tools and techniques to use when managing projects in any industry; from initiation and planning through to execution and closeout, to help ensure project success. Participants will work in teams to plan and execute simulated projects with management tools as used by professional project managers.
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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.
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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