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Cost Management Certification Course

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Course Overview

Explore the techniques to keep your project on budget with this Cost Management Certification course. This course educates you on project budgeting methods and strategies.

Project Managers are responsible for managing projects with the given budget. The value of a Project manager rises with the number of projects he can deliver within the budget. Through this valuable Cost Management Certification course, you will gain an in-depth understanding of project cost estimation, project budget determination and cost control techniques to keep a project budget under control. The comprehensive program has exceptional components that will enhance your knowledge of direct and indirect costs, cost estimates and basic estimates, and funding estimates. You will learn how to control project costs using earned value management techniques to stay on budget and deliver your project successfully. 

Learning Outcomes:

  • Familiarize with project cost estimating tools and techniques
  • Learn how to determine project budget
  • Be able to control project costs
  • Learn about funding formulas
  • Deepen your understanding of Earned Value Management techniques
  • Learn about cost baseline and project budget

Who is this course for?

Anyone interested in keeping a project budget under control and delivering the maximum number of projects within the given budget can take this Cost Management Certification Course course.

Entry Requirement

  • This course is available to all learners, of all academic backgrounds.
  • Learners should be aged 16 or over to undertake the qualification.
  • Good understanding of English language, numeracy and ICT are required to attend this course.

Certification

  • After you have successfully completed the course, you will be able to obtain an Accredited Certificate of Achievement. You can however also obtain a Course Completion Certificate following the course completion without sitting for the test. Certificates can be obtained either in hardcopy at the cost of £39 or in PDF format at the cost of £24.
  • PDF certificate’s turnaround time is 24 hours, and for the hardcopy certificate, it is 3-9 working days.

Why choose us?

  • Affordable, engaging & high-quality e-learning study materials;
  • Tutorial videos/materials from the industry-leading experts;
  • Study in a user-friendly, advanced online learning platform;
  • Efficient exam systems for the assessment and instant result;
  • The UK & internationally recognized accredited qualification;
  • Access to course content on mobile, tablet or desktop from anywhere anytime;
  • The benefit of career advancement opportunities;
  • 24/7 student support via email.

Career Path

The Cost Management Certification Course provides useful skills to control project budget and would be beneficial for any related profession or industry such as:

  • Project Manager
  • Cost Management Accountant
  • Cost Consultant

Course Curriculum

Unit 01: Introduction
Module 01: Introduction 00:01:00
Unit 02: Theoritical Part
Module 01: What is Cost Management? 00:03:00
Module 02: Direct and Indirect Costs 00:03:00
Module 03: Analogous Estimating 00:03:00
Module 04: Parametric Estimation 00:04:00
Module 05: Three-Point Estimating 00:02:00
Module 06: Reserve Analysis 00:10:00
Module 07: Cost Estimates and Basis of Estimates 00:03:00
Module 08: Cost Baseline 00:06:00
Module 09: Funding Requirements 00:04:00
Module 10: Earned Value Formulas 00:07:00
Module 11: Project Status 00:06:00
Module 12: Earned Value Example 00:08:00
Module 13: Forecasting Three Scenarios 00:16:00
Module 14: Forecasting Example 00:03:00
Module 15: To-Complete-Performance-Index TCPI 00:06:00
Module 16: Performance Reviews 00:03:00
Module 17: Recap 00:06:00
Unit 03: Project Simulation and Detailed Example
Module 01: Direct and Indirect Costs 00:05:00
Module 02: Cost Estimates and Reserve Analysis 00:20:00
Module 03: Cost Baseline and Project Budget 00:03:00
Module 04: Basis of Estimate 00:02:00
Module 05: Funding Requirements 00:07:00
Module 06: Earned Value Calculation 00:15:00
Module 07: Forecasting 00:09:00
Module 08: TCPI 00:05:00

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