This highly interactive workshop uses a short case-study to enable delegates to gain confidence in the use of proven techniques in the areas listed below. The course provides a solid foundation for further development of budgeting and cost control skills through self-reading, more advanced training and practical hands-on experience.
The business is an integral element in the development and approval of the project based on the evidence it provides to justify the required investment. Investment appraisal is integral to developing the budget.
As in integral lead into defining the project scope, a review of this process provides the setting for effective budgeting and the governance for cost control.
The captured requirements form the basis of defining the scope for the project. Delegates will recap on the use of various breakdown structures resulting in the RAM and scope baseline.
Various estimating techniques are investigated, along with discussion on typical estimating problems and how to enhance more effective estimating on the project and develop a realistic and credible budget.
Project resources contribute to the cost of project delivery and hence are integral to developing the budget.
Project Cost Management
The purpose and use of an appropriate Cost Management Plan is covered, leading to setting the budget.
This module covers the budgeting process to create the cost baseline considering contingency allowances.
Cost control covers the key principles and elements for effective management and control of associated project costs
Integrated Change Control
Change is inevitable and to protect the cost baseline effective controls must be in place.
Many different reports are required, with a number of basic reports to inform appropriate stakeholders in place.
This final module considers the requirements for controlled closeout from a budgeting
Certified Budgeting and Cost Control Exam
Each learner will have the opportunity to prepare for and then take the QA Budgeting and Cost Control exam digitally.