Project Costing Analysis & Control: A Complete Guide
Course Overview
Effective cost management is a critical success factor in every project. **Project Costing Analysis & Control** provides participants with a comprehensive understanding of cost planning, budgeting, forecasting, and variance analysis throughout the project lifecycle.
This program focuses on **practical financial management techniques** to control project expenses, improve cost accuracy, and enhance profitability. It aligns with best practices from **PMI’s PMBOK®, Earned Value Management (EVM)**, and international accounting and project control standards.
Through case studies and interactive exercises, participants will learn to develop cost baselines, identify variances early, and apply corrective actions to keep projects on time and within budget — achieving financial excellence in project delivery.
Course Objectives
By the end of the course, participants will be able to:
1. Develop accurate project cost estimates and budgets.
2. Implement effective cost control systems and tools.
3. Analyze project performance using Earned Value Management (EVM).
4. Identify cost deviations and apply corrective measures.
5. Integrate project costing with scheduling and resource management.
6. Prepare comprehensive cost reports for decision-makers.
Learning Outcomes
Participants will be able to:
* Establish cost baselines aligned with project scope and objectives.
* Evaluate actual versus planned costs to measure financial performance.
* Manage project changes and assess their financial implications.
* Use data-driven insights for cost forecasting and risk mitigation.
* Strengthen overall project financial control and accountability.
Who Should Attend
* Project Managers and Cost Engineers
* Financial Controllers and Accountants
* Project Planners and Schedulers
* Quantity Surveyors and Estimators
* Procurement and Contract Managers
* PMO and Project Finance Officers
Target Audience
This course is ideal for professionals involved in **project financial management, cost estimation, and control**, seeking to enhance accuracy, efficiency, and profitability in project delivery.
Course Outline
Day 1 – Fundamentals of Project Costing and Financial Planning
* The role of cost management in project success
* Cost breakdown structure (CBS) and work breakdown structure (WBS) integration
* Project budgeting principles and techniques
* Aligning financial and operational objectives
Day 2 – Cost Estimation and Budget Development
* Estimation methods: analogous, parametric, bottom-up, and three-point
* Determining cost baselines and funding requirements
* Managing contingencies and reserves
* Practical workshop: Developing a project cost plan
Day 3 – Project Cost Control Techniques
* Monitoring and controlling project expenses
* Earned Value Management (EVM) — principles and metrics
* Variance analysis: cost, schedule, and performance indices
* Forecasting project outcomes using EAC and ETC
Day 4 – Financial Analysis and Decision Support
* Integrating cost control with scheduling and resource planning
* Reporting cost performance to stakeholders
* Identifying financial risks and control gaps
* Case Study: Managing cost overruns in a complex project
Day 5 – Advanced Tools, Systems, and Best Practices
* Software tools for cost management (Primavera, MS Project, SAP)
* Linking financial reporting with project KPIs
* Continuous improvement in cost management practices
* Final workshop: Creating a project cost control dashboard
Certification
Participants who successfully complete the training will receive a **Professional Certificate in Project Costing Analysis & Control** from **KE Leaders Training Centre, London**, recognizing their expertise in project financial planning and cost control.
Key Benefits
* Master the tools and techniques for accurate project costing and analysis
* Enhance control over project budgets and financial performance
* Improve decision-making through financial data insights
* Reduce risks of cost overruns and resource misallocation
* Earn an internationally recognized certification in project cost control
Contact Info:
Enquiry at : admin@keleaders.com
Whatsapp: 0044 790 125 9494
For more details visit our website : www.keleaders.com
