Project Cost Estimation and Control
This course is designed for project managers enabling them to clearly plan their project; they require the certain set of skills to identify the visible and invisible aspects of the project need, involve the right stakeholders, get the right coordination and use the appropriate tools. Of similar importance is the control function during project implementation.
· Project cost estimation essentials
· How to relate costs to milestones
· Invisible costs estimation/ contingency costs estimation
· What is the key principles of cost controlling
· Continuous learning and quality improvement
· Introduction to project cost estimation
· Zero based and incremental budgeting exercise
· Stakeholders in cost estimation
· Work analysis and resource estimation
· Timelines and milestones
· Direct vs. indirect costs
· Human resource cost estimation
· Inflation rates and long term projects
· Contingency funds planning
· Cost Monitoring Plans
· Mainstreaming Monitoring Plans with Project Plans
· Finance and technical reporting to identify milestones and costs
· Utilization of Results in Project Planning
· Continuous quality improvement using monitoring
This course has been specifically designed for project managers, officers and any person involved in project management to enhance their skills in project costing.