Project Costing Analysis & Control
INTRODUCTION
comprehensive program delves into the crucial aspects of project costing, financial analysis, and budget control. The course provides a blend of theory, practical examples, and trending methods, aiming to equip participants with the necessary skills to manage project costs effectively and make informed financial decisions.
OBJECTIVES
Upon completion of this course, attendees should be able to:
Understand the fundamental concepts and principles of project costing and cost control. Develop effective project budgeting strategies and conduct thorough cost-benefit analyses. Apply techniques for ongoing cost control and forecasting throughout a project's lifecycle. Understand and apply risk management principles to project costing and budget control. Grasp the impact of emerging trends and technologies on project cost management and prepare for future changes.
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WHO SHOULD ATTEND ?
This course is ideal for:
Project managers and team members who wish to enhance their financial management skills.
Finance professionals seeking to understand project cost management and its applications. Business managers and executives aiming to optimize their project budgeting and cost control strategies. Students studying business, project management, or related fields who wish to gain practical knowledge. Individuals considering a career change into project management.
COURSE OUTLINE
Day 1
Introduction to Project Costing and Cost Control
Overview of Project Costing: Definitions, importance, and roles in project success.
Understanding the Cost Estimation Process: From project initiation to closure.
Introduction to Cost Control: Techniques and methods for managing costs.
Day 2
Project Budgeting and Cost-Benefit Analysis
Developing a project budget: Aligning costs with project objectives.
Cost-benefit analysis: Techniques and applications.
Managing budget deviations: Corrective actions and variance analysis.
Day 3
Ongoing Cost Control and Forecasting
Techniques for ongoing cost monitoring and control.
The role of technology in enhancing cost control: software tools and systems.
Forecasting techniques for project cost management: Predictive analytics and trend analysis.
Day 4
Risk Management in Project Costing
Identifying, assessing, and mitigating financial risks in projects. The role of contingency reserves in cost management. Managing project scope to control costs.
Day 5
Future Trends in Project Costing and Cost Control
Impact of emerging trends and technologies on project cost management: AI, Machine Learning, and automation. The future of project cost management: Predictions and preparations. Essential skills for project management professionals in the digital age.
LPC Training is capable of conducting this training programme exclusively for your delegates. Please e-mail us on admin@lpcentre.com for further information and/or to receive a comprehensive proposal.
DOCUMENTATION
High-Quality material has been prepared by the LPC team for distribution to delegates. In addition, a special note pad to facilitate note-taking will be provided.
CERTIFICATES
Accredited Certificate of completion will be issued to those who attend & successfully complete the programme.
SCHEDULE
Our Course timings commence at 09:00 and conclude at 13:00.
REGISTRATION & PAYMENT
Please complete the registration form on the course page & return it to us indicating your preferred mode of payment. For Further Information, please get in touch with us.
CANCELLATION AND REFUND POLICY
Delegates have 14 days from the date of booking to cancel and receive a full refund or transfer to another date free of charge. If less than 14 days notice is given then we will be unable to refund or cancel the booking unless on medical grounds. For more details about the Cancellation and Refund policy, please visit www.lpcentre.com/terms-and-conditions/
TRAVEL AND TRANSPORT
We are committed to picking up and dropping off the participants from the airport to the hotel and back.
LONDON
Oxford Street Offices: London - Oxford Street 25 N Row, London W1K 6DJ
+44 (0) 20 36 916 970
West London Office: 47 49 Park Royal Road London NW10 7LQ +44 (0) 20 80 900 464
info@lpcentre.com
DUBAI
Business Bay - Marasi Drive Churchill Tower commercial1, Office 107 +971 4 421 4616
dubai.training@lpcentre.com
KUALA LUMPUR
No. 03-06-05, UOA Business Park, Jalan Pengaturcara U1/51A, Section U1, Kawasan Perindustrian Temasaya, 40150 Shah Alam, Selangor
+60 19-305 5694
www.lpcentre.com
www.lpcentre.com