{"id":306,"date":"2025-06-20T11:57:22","date_gmt":"2025-06-20T03:57:22","guid":{"rendered":"https:\/\/pma-intl.com\/?post_type=courses&#038;p=306"},"modified":"2026-06-24T14:05:23","modified_gmt":"2026-06-24T06:05:23","slug":"project-cost-management","status":"publish","type":"courses","link":"https:\/\/pma-intl.com\/id\/courses\/project-cost-management\/","title":{"rendered":"Project Cost Management"},"content":{"rendered":"<p class=\"wp-block-paragraph\"><strong>Course Overview<\/strong><br>This course is designed to give delegates a comprehensive understanding of project budgeting and project cost management. The program includes project financial selection criteria, cost estimating, budgeting, and managing costs throughout a project.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It also focuses on concepts such as <strong>Earned Value Management<\/strong> to measure the progress and performance of a project.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Target Audience<\/strong><br>This course is tailored especially for those who are involved in the cost aspects of a project, such as project managers, PMO managers, and project cost executives.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Learning Outcomes<\/strong><br>After this course, participants should be able to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Understand general cost and financial management concepts in project management<\/li>\n\n\n\n<li>Identify how projects are selected using financial models<\/li>\n\n\n\n<li>Monitor the budget throughout the project lifecycle using Earned Value Analysis<\/li>\n\n\n\n<li>Identify potential financial risks and implement contingencies<\/li>\n\n\n\n<li>Forecast project cost performance<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Course Outline<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Cost management as a constraint of a project<\/li>\n\n\n\n<li>Project selection methods using cost-benefit analysis<\/li>\n\n\n\n<li>Financial tools: NPV, IRR, payback period, etc.<\/li>\n\n\n\n<li>What are costs and the types of cost<\/li>\n\n\n\n<li>Direct and indirect costs<\/li>\n\n\n\n<li>Fixed and variable costs<\/li>\n\n\n\n<li>What is depreciation<\/li>\n\n\n\n<li>CAPEX and OPEX<\/li>\n\n\n\n<li>Project cost estimation<\/li>\n\n\n\n<li>Selecting estimating methods<\/li>\n\n\n\n<li>Estimation methods: top-down, bottom-up, parametric, industry guidelines<\/li>\n\n\n\n<li>Organisational policies<\/li>\n\n\n\n<li>Project budgeting<\/li>\n\n\n\n<li>Risks and contingencies<\/li>\n\n\n\n<li>Monitoring and controlling<\/li>\n\n\n\n<li>Setting up and managing cash flows<\/li>\n\n\n\n<li>Using conventional methods to monitor<\/li>\n\n\n\n<li>Using Earned Value Analysis to manage the project<\/li>\n\n\n\n<li>Performance indicators<\/li>\n\n\n\n<li>Forecasting cost at selected junctures<\/li>\n\n\n\n<li>Measuring the ROI of the project<\/li>\n<\/ul>","protected":false},"featured_media":336,"template":"","meta":{"_acf_changed":true,"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":[],"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueState":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":"","_VenueShowMap":false,"_VenueShowMapLink":false,"_breakdance_hide_in_design_set":false,"_breakdance_tags":""},"course-type":[2],"class_list":["post-306","courses","type-courses","status-publish","has-post-thumbnail","hentry","course-type-non-certification"],"acf":[],"_links":{"self":[{"href":"https:\/\/pma-intl.com\/id\/wp-json\/wp\/v2\/courses\/306","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pma-intl.com\/id\/wp-json\/wp\/v2\/courses"}],"about":[{"href":"https:\/\/pma-intl.com\/id\/wp-json\/wp\/v2\/types\/courses"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pma-intl.com\/id\/wp-json\/wp\/v2\/media\/336"}],"wp:attachment":[{"href":"https:\/\/pma-intl.com\/id\/wp-json\/wp\/v2\/media?parent=306"}],"wp:term":[{"taxonomy":"course-type","embeddable":true,"href":"https:\/\/pma-intl.com\/id\/wp-json\/wp\/v2\/course-type?post=306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}