💰 Cost Estimation, Budgeting, and Cost Control Training Course

📜 Course Description

This course offers practical training in estimating costs, developing budgets, and managing cost control across the lifecycle of capital projects. Using international best practices and industry standards (such as AACEI and PMI), it emphasizes cost forecasting, monitoring, variance analysis, and corrective actions.

🎯 Learning Objectives

By the end of this course, participants will be able to:

• Apply techniques to prepare accurate cost estimates and budgets

• Develop cost baselines and use earned value management (EVM)

• Identify cost risks and manage contingencies

• Monitor and control project costs using KPIs

• Use Excel and/or project control software for reporting and forecasting

🧠 Training Methodology

• Instructor-led lectures

• Case studies and simulations

• Excel-based hands-on exercises

• Group problem-solving sessions

• Practical tools and templates

• Final exercise and wrap-up

📅 5-Day Detailed Agenda with Time Breaks

📘 Day 1: Introduction to Cost Estimating and Budgeting

📗 Day 2: Developing Project Budgets and Cost Baselines

📙 Day 3: Cost Control Tools and Techniques

📕 Day 4: Forecasting, Reporting and Variance Analysis

📒 Day 5: Risk, Governance and Final Project

📂 Course Materials Provided

• Excel Templates: EVM, Budgeting Sheets, Forecasting Tools

• Sample Cost Breakdown Structures (CBS)

• Workshop Workbook and Case Studies

• Certificate of Completion