Date: 12th - 16th May 2025
Venue: Nairobi, Kenya
Training Fee: USD 1050 (Group Discounts Offered)
Registration:Training Course on Cost Estimation, Budgeting and Cost Control - Perk Group Africa
Course Overview
The Cost Estimation Budgeting and Cost Control training is designed to equip participants with the essential skills and knowledge required for effective cost estimation, budgeting, and cost control in various business environments. Through a combination of theoretical concepts, practical examples, and interactive exercises, participants will gain a thorough understanding of the key principles and best practices in managing costs throughout project lifecycles.
Course Duration 5 days
Module 1: Introduction to Cost Management
- Understanding the Importance of Cost Management
- Overview of Cost Estimation, Budgeting, and Cost Control
- Role of Cost Management in Project Success
Module 2: Cost Estimation Techniques
- Overview of Cost Estimation
- Types of Cost Estimates (Rough Order of Magnitude, Budgetary, Definitive)
- Parametric Estimating
- Analogous Estimating
- Bottom-Up Estimating
- Case Studies and Practical Exercises
Module 3: Budgeting Fundamentals
- Importance of Budgeting in Project Management
- Types of Budgets (Fixed, Flexible, Rolling, Incremental)
- Developing a Project Budget
- Budget Monitoring and Adjustments
- Real-life Budgeting Challenges and Solutions
Module 4: Cost Control Strategies
- Principles of Cost Control
- Earned Value Management (EVM)
- Variance Analysis
- Change Control Procedures
- Reporting and Communication in Cost Control
Module 5: Risk Management in Cost Management
- Identifying and Assessing Cost Risks
- Developing a Risk Management Plan
- Mitigating Cost Risks
- Integrating Risk Management with Cost Control
Module 6: Technology Tools for Cost Management
- Introduction to Cost Management Software
- Demonstration of popular tools (e.g., Microsoft Project, Oracle Primavera, SAP)
- Utilizing Spreadsheets for Cost Analysis
- Integrating Technology into Cost Control Processes
Module 7: Case Studies and Practical Applications
- Real-world Case Studies on Successful and Challenging Cost Management
- Group Exercises and Simulations
- Peer Review and Feedback
Module 8: Continuous Improvement in Cost Management
- Lessons Learned and Continuous Improvement
- Benchmarking Best Practices
- Establishing a Cost Management Culture
- Professional Development in Cost Management
Contacts
Monica C. | Training Coordinator
Cell / WhatsApp: +254 712 028 449
Email:training@perk-gafrica.com
Website:perk-gafrica.com