Manage Project Cost
Provide detailed theories and practices unique to cost management in building and construction
What you will learn
Determine resource requirements for individual tasks identified in the work breakdown structure, with input from stakeholders and guidance from others
Estimate project costs to enable project budget to be prepared within agreed tolerances
Develop a project budget
Develop a cost-management plan, within delegated authority, to ensure clarity of understanding and ongoing management of project finances
Implement agreed financial-management processes and procedures to monitor actual expenditure against budget
Select and use cost-analysis methods and tools to identify cost variations and evaluate alternative actions
Implement and monitor agreed actions to maintain financial objectives
Provide accurate and timely financial reports
Conduct appropriate activities to signify financial completion
Review project outcomes using available records to determine the effectiveness of project cost management
Review cost-management issues and document improvements
Why take this course?
In guiding a project, particularly one in the building and construction industry, an intricate knowledge of Project Cost Management is critical in determining the project’s outcome. In reality, people practice many of the concepts involved in Project Cost Management however our course will allow students to fully utilise and benefit from such a detailed understanding of Project Management Diploma theory.
Duration of Study
The pace at which each student studies is different. The nominal hours for this course are 20 hours, however, this can vary greatly depending on your previous experience and study techniques. Student support is available by asking a question online or visiting our website.
We offer our support as a Registered Training Organisation.
As a RTO, Exner Education is responsible for delivering quality training and assessment.
Exner Education’s Project Cost Management course serves to provide an understanding of the theory and practice of project management in the building and construction industry.
If you would like to be assessed for this unit of competency, please visit our website for more information. Upon successful completion you will receive a certificate of attainment.
We recommend that students purchase a copy of "A Guide to the Project Management Body of Knowledge", Sixth Edition (PMBOK® Guide) ©2013 Please note that "PMBOK" is a registered trademark of the Project Management Institute, Inc.
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