Preparation for the IPMA and PMI Project Management Certification
Cost Control

Objectives

  • Master the techniques to evaluate project costs;

  • Evaluate the impacts of project progress on cost;

  • Prepare the participants on the cost control topic.

 

Program

I. Overview

  • Terminology;

  • Cost controller;

  • Differences cost control/accountancy.

II. Establish the baseline cost

  • Sources of establishment;

  • Work Breakdown Structure;

  • Tasks coding;

  • Workload, margins, risks & provisions;

  • Budget evolution (to-date);

  • Information system.

III. Establish the estimated cost

  • Cost concept;

  • Physical progress & earned value;

  • Consolidation;

  • Gap analysis & drifts.

IV. Disturbances management

  • Management of the modifications;

  • Financial incidents;

  • Inflation & reviews;

  • Considering trends;

  • Application to the project activities;

  • Cost control applied to research;

  • Cost control applied to procurement;

  • Cost control on construction sites.

VI. Cost reports

  • Presentation;

  • Report - studies;

  • Report - equipment;

  • Experience fertilization.

VII. Information technology tools

XI. Blank examination on cost control

  MCQ & Exercises.

Duration

   2 days.

 

 

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