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Effective project management skills are becoming increasingly important. Organisations need good project managers, at all levels, to successfully deliver the change projects that will enable the business to adapt, grow and achieve its strategic objectives. This course provides an essential overview of the core principles behind the discipline of effective budgeting and cost control principles required to deliver small-to-medium sized projects and an introduction to key documentation.

This course is suitable for managers, potential project managers, work-stream leaders or team members who wish to gain an insight into effective budgeting and cost control principles.

This 1-day budgeting and cost control certified course uses a mixture of presentation, discussion and hands-on exercises, addressing topics in a highly engaging, concise and pragmatic manner way.

NOTE: - Earned Value Management is not included in the course material or as a topic for discussion due to time constraints, for those looking for training on Earned Value Management please see the QA Certificate in Earned Value Management course.

While there are no formal prerequisites for this course, it is assumed that attendees will have a working knowledge of basic project management and scheduling practices. This may be as a result of attending other project management related courses where these are part of the course syllabus.

Pre-Course Reading

Learners are not provided with any formal pre-reading before this course as such. It is recommended that candidates review the course workbook provided with the joining instructions or via the Mimeo link.

Understand the language and terminology of effective project budgeting and cost control
Understand how a project budget is derived
Understand the purpose of an effective cost baseline
Understand the components of effective project cost control
Understand typical cost reporting
Practice understanding through application to a project scenario

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.

Business Case

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.

Planning

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.

Scope Management

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.

Project Estimating

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

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.

Determine Budget

This module covers the budgeting process to create the cost baseline considering contingency allowances.

Cost Control

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.

Cost Reporting

Many different reports are required, with a number of basic reports to inform appropriate stakeholders in place.

Project Closure

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.

QA Certificate in Budgeting and Cost Control Training Course in Finland

Finland is a country located in northern Europe. Helsinki is the capital and largest city of the country. The majority of the people are Finns but there is also a small Lapp population in Lapland, where the country is famous for the Northern Lights. Finland's national languages are Finnish and Swedish.

Known for its vast forests, lakes, and natural beauty, Finland is one of the world's largest producers of forest products, such as paper, pulp, and lumber. One of the world's largest sea fortresses Suomenlinna, Rovaniemi with the "White Nights", dogsled safaris and of course the Northern Lights are what makes Finland so popular for tourists. Finland is one of the best places in the world to see the Northern Lights and attracts millions of tourists during its seasons.

Finland is home to a thriving technology industry and is widely recognized as one of the world's leading technology hubs. Companies such as Nokia and Rovio (creator of the popular game Angry Birds) are based in Finland. Some of the key factors that have contributed to Finland's success in technology include; strong investment in research and development, a highly educated workforce and fundings.

Finland has a strong educational system, and is widely regarded as one of the world's most literate countries. In fact, Finland's literacy rate is one of the highest in the world, and its students consistently perform well in international tests of math and reading ability.

Also, as a pioneer in environmental sustainability, Finland is known for its efforts to reduce its carbon footprint and promote clean energy. This Nordic country is also famous for its unique and distinctive cultural heritage, including its traditional folk music and its elaborate traditional costumes.

Helsinki, Finland's capital city, is the country's business center. Helsinki is Finland's largest city, and it is home to many of the country's major corporations and organizations, including many of the country's leading technology firms. The city is also a commercial, trade, and financial center, as well as one of the busiest ports in the Nordic region.

Take advantage of our diverse IT course offerings, spanning programming, software development, business skills, data science, cybersecurity, cloud computing and virtualization. Our knowledgeable instructors will provide you with practical training and industry insights, delivered directly to your chosen venue in Finland.

QA Certificate in Budgeting and Cost Control Training in Finland

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QA Certificate in Budgeting and Cost Control Training in Finland

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