Before starting a project, it is important to plan it well and to clearly define the associated costs.
This training will help you understand the benefits of detailed planning and budgeting.
Managing project costs means being able to estimate, budget and control costs at each stage of the project life cycle in order to respect the validated budget.
Controlling costs aims to prevent overruns, limit risks and optimize future planning.
Duration
0.5 day
Schedule
See training dates for details
Regular fee
$390
Preferential fee
A preferential rate is offered to public institutions, to members of certain professional organizations as well as to companies that do a certain amount of business with Technologia. To know more, please read the "Registration and rates" section on our FAQ page. Please note that preferential rates are not available for online training courses. Discounts cannot be combined with other offers.
$350
Objectives of the training
The participant will be able to adapt the budget to the realities of the project.Targeted audience
Project supervision and coordination positions, team leader positions and management positions.Prerequisite
• Have participated in at least one project
• Ideally, follow : GP108 - Project Management: Developing the Leadership of the Project Manager and GP109 - Project Management: The New Role of the Project Manager
Trainers
Course architecture
During the training, the participant will see the key elements necessary to estimate, budget and control the costs, in order to respect the budget planned for the delivery of his project.
What are the steps of cost management
- How to ensure resource planning (people and equipment), based on the work breakdown structure (WBS)
- How to estimate costs: what information to take into account (resources, duration, risks...).
- How to budget costs: or how to break down the budget into tasks.
- How to control the costs: measure the variances and take corrective actions.
Interventions according to the level of accuracy - Preparing the project estimate
- Have a good understanding of the required resources
- Validate the project scope to avoid underestimates
Integrating a change - Identifying the financial impact
- How to find the balance between flexibility and budget overruns, to favor value creation and avoid "while you're at it" at all costs.
Taking action - Proposing a financing plan for the change request
- How to establish a change control and monitoring process
- Who is affected by the change
- Who validates the change request
- Difference in treatment depending on the magnitude of the change: minor vs. major changes.
Pedagogical details
Training architecture
Presentations introducing the processes and each of the working tool, applications of the method and instrumentation to a situation familiar to the participants, call for contributions from other participants and teamwork.
Type of training
Skill development
Skill development and knowledge integration
Decision support
Basic knowledge
Training Notes
Topics seen: cost, budget, contingency, change, estimates
Private or personalized training
If you have more than 8 people to sign up for a particular course, it can be delivered as a private session right at your offices. Contact us for more details.
Request a quoteDuration
0.5 day
Schedule
See training dates for details
Regular fee
$390
Preferential fee
A preferential rate is offered to public institutions, to members of certain professional organizations as well as to companies that do a certain amount of business with Technologia. To know more, please read the "Registration and rates" section on our FAQ page. Please note that preferential rates are not available for online training courses. Discounts cannot be combined with other offers.
$350
Private or personalized training
If you have more than 8 people to sign up for a particular course, it can be delivered as a private session right at your offices. Contact us for more details.
Request a quote