Project Planning and Budgeting

Objective

• Comprehend the advantages of good project cost control for positive project outcomes
• How to minimise costs and negative impacts
• Define a distinctive project cost management life cycle
• Understanding the significance of every phase and what actions need to be taken at that phase of cost management
• Analysing the major characteristics of cost essential to understand and manage cost effectively
• Understanding major steps required to improve project estimates, budget and cost baselining, performance measurement and analysis, cost monitoring and control during project execution and interpreting and reporting project performance throughout a technical project life cycle
• Provide meaningful project progress reports
• Apply this cost management process