Project Cost Management

Course details

The success of any business project will always be measured in its profitability. Or at least, its overall cost-effectiveness. Even when a project doesn’t exclusively target improved revenues, effective budgeting will determine its viability. Until a project reaches completion and/or fruition, it represents a cost the business must bear. If the total project cost exceeds the value of the outcome, the project fails. Even if the primary goal of the project is reached, excessive spending may still result in a negative outcome for the business. As such, project cost management can be just as critical as the very viability of the project/idea itself.
Discover what it takes to become a confident and capable project cost manager with this targeted tutorial. Learn how to determine an accurate initial budget, breaking down all key project costs and evaluating expense. Explore human resource costs, administration costs and how to go about accurate cost estimations. Find out how to evaluate and create accurate project budgets from scratch, by working effectively with the data and information available at its inception.

Objectives
Identify the costs involved in managing a project
Outline effective cost management techniques
Programme Content
Topics:
Determining the Initial Budget
Breaking down Project Costs
Human Resource Costs
Administrative Costs
Resource or Project Costs
Planning the Project Resources
Resource Planning Inputs
Expert Judgment
Identifying Alternative Solutions
Cost Estimating
The Cost Estimating Inputs
Estimating Activity Durations
Project Costs Estimates
Developing the Project Budget
Creating the Cost Baseline
Course Benefits:
Full Tutor Support
Self paced, no fixed schedules
Available to students anywhere in the world
24/7 Access to the LMS ( Learning Management System )
Easy to understand quality e-learning study materials
The benefit of applying for NUS extra Discount Card.
Course Material
All course materials are included in the course price. All your study material will be available on our learning management system for which you will get access once you are enrolled. The material can be downloaded and printed as well.
Our distance learning course materials are specially written for home study and contain a wealth of knowledge in easy to understand language. We use variety of media to help you learn. Your course may use any of the following different media which you can use from home or where ever you choose to study:
Online course materials
Question papers
Additional Supporting Material
Useful Links
Course assessment
You will be continually assessed throughout the course. Your assignment will be marked by your tutor and independently moderated. The feedback on your assignment will then be sent to you. On receipt of this, you may wish to contact your tutor to discuss the feedback.
Tutor Support
When you enrol on a course with Brentwood Open Learning College you are allocated your personal tutor. Tutor’s help and support will be available throughout your studies with the college. He/she will assess your work and will provide you with regular feedback on your progress. Updated on 12 November, 2017