Project Cost and Financial Management

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. 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.