Project Costing Analysis & Control: A Complete Guide
Course Overview
Accurate cost estimation and control are at the heart of every successful project. The **Project Costing Analysis & Control** course provides professionals with the essential tools, techniques, and methodologies needed to plan, monitor, and control project costs throughout the lifecycle.
This program combines practical financial management strategies with the latest tools in cost estimation, budgeting, earned value management (EVM), and cost control analytics. Participants will learn how to align project costing with organizational strategy, improve forecasting accuracy, and ensure financial accountability in complex project environments.
Course Objectives
By the end of the program, participants will be able to:
1. Understand the principles and lifecycle of project cost management.
2. Develop accurate cost estimates and realistic budgets.
3. Apply effective cost control and forecasting techniques.
4. Utilize Earned Value Management (EVM) to measure project performance.
5. Identify cost variances early and implement corrective actions.
6. Integrate financial and operational metrics for project decision-making.
Learning Outcomes
Participants completing the course will be able to:
* Prepare cost estimates using recognized methodologies.
* Build and manage project budgets aligned with business objectives.
* Apply analytical tools to monitor and control project costs.
* Implement EVM and cost performance indicators for proactive management.
* Communicate financial performance effectively to stakeholders.
Who Should Attend
This course is designed for professionals involved in project financial planning and control, including:
* Project Managers and Project Controllers
* Financial Analysts and Cost Engineers
* Procurement and Contract Specialists
* Planning and Scheduling Professionals
* Finance Managers and Accountants
* Anyone responsible for managing or reporting project costs
Target Audience
Mid- to senior-level professionals working in **engineering, construction, energy, manufacturing, government, or corporate project environments** who seek to strengthen their knowledge of cost analysis and financial control systems.
Course Outline (5 Days)
Day 1 – Foundations of Project Cost Management
* Introduction to project cost management principles
* Project cost lifecycle: planning to close-out
* Key terminology and concepts
* The relationship between scope, schedule, and cost
* Setting cost management objectives
Day 2 – Cost Estimation and Budgeting Techniques
* Types and levels of cost estimates
* Estimating tools and methodologies (top-down, bottom-up, parametric, etc.)
* Developing a cost baseline
* Linking costs with Work Breakdown Structure (WBS)
* Budget approval and cash flow forecasting
Day 3 – Cost Control and Monitoring Methods
* Cost control framework and performance tracking
* Variance analysis: cost, schedule, and performance variances
* Forecasting project completion and estimating at completion (EAC)
* Managing cost overruns and under-runs
* Using project dashboards and cost reporting tools
Day 4 – Earned Value Management (EVM) and Financial Performance
* EVM principles and formulas
* Calculating cost and schedule performance indices (CPI, SPI)
* Interpreting EVM results for decision-making
* Integrating EVM with project reporting systems
* Case study: Applying EVM in a real-world project
Day 5 – Strategic Cost Analysis and Control Integration
* Linking project costing with business strategy
* Cost-benefit and value engineering analysis
* Best practices for project cost governance
* Digital tools for cost management (software and analytics)
* Workshop: Developing a project cost control plan
Certification
Participants who successfully complete the training will receive a **Certificate of Achievement in Project Costing Analysis & Control** from **KE Leaders Training Centre, London**.
This certification validates the participant’s understanding of **cost estimation, financial control, and performance management** for project success.
Key Benefits
* Mastery of global best practices in cost estimation and control.
* Improved financial decision-making through data-driven insights.
* Enhanced accuracy in forecasting and performance tracking.
* Application of EVM for proactive project management.
* Recognition as a skilled professional in project financial control.
Contact Info:
Enquiry at : admin@keleaders.com
Whatsapp: 0044 790 125 9494
For more details visit our website : www.keleaders.com
