COURSE OVERVIEW

This practical and highly-interactive course includes various practical sessions and exercises. Theory learnt will be applied using our state-of-the-art simulators. 

This course is designed to provide participants with a detailed and up-to-date overview of Certified Cost Control. It covers the cost control principles and practices; the importance of cost control in project management; the key concepts and definitions related to cost control; the cost control process and its components, objectives and benefits; the cost estimating and its role in cost control; the different types of cost estimates; the factors affecting cost estimation accuracy; and the role of cost planning and budgeting in cost control. 

 

 

Further, the course will also discuss how to create a cost baseline and establish a budget; the cost accounts and work breakdown structure (WBS); developing a cost control plan and schedule; monitoring and controlling the cost; tracking actual costs against the budgeted costs; and the Earned Value Management (EVM) principles and calculations. 

 

During the interactive course, participants will learn the variance analysis and performance measurement; the corrective actions and cost control strategies; the cost reporting requirements and formats; communicating cost control information to stakeholders; implementing cost forecasting techniques and tools; and analyzing cost trends and identifying potential risks.