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Course Overview

Learn the best cost management practices and keep your business stable at all times. This Cost Management and Estimation Training will teach you to cut down costs and unnecessary expenses to increase revenue and profit. 

This Cost Management and Estimation Training course combines theory and practice to give you real insights into cost management and estimation. It will ensure you’re practised in the cost estimating tools and techniques. From the engaging lectures, you’ll learn how to estimate project costs, calculate the project’s budget, and control project costs. Moreover, it will provide step-by-step instructions on using earned value management tools to measure project performance. 

What you will learn from this Cost Management and Estimation Training Course:

  • Understand the cost management process
  • Learn about direct and indirect costs
  • Know how to estimate project costs,
  • Discover the techniques to control project costs
  • Explore how to forecast project costs
  • Learn how to measure project performance with earned value management indicators

Key features of the course:

  • Lifetime access to the course
  • No hidden fees; only pay the price of the course, which includes exam fees.
  • Recognised qualification upon successful completion of the course
  • Study from anywhere, anytime, whenever it is convenient for you.
  • Affordable and engaging e-learning study materials
  • Study at your own pace from tablet, PC or smartphone
  • Online tutor support when you are in need.

Who is this course for:

This Cost Management and Estimation Training Course is suitable for —

  • Students.
  • Recent graduates.
  • Job seekers.
  • Anyone interested in gaining skills in cost management and estimation. 
  • Individuals who are already employed in the relevant sectors and wish to enhance their knowledge and expertise.

Assessment and certification:

After studying the course materials of the Cost Management and Estimation Training, there will be a written assignment test which you can take either during or at the end of the course. Those who pass this test will have the qualification of Cost Management and Estimation Training Course. Certificate will be produced in PDF format at an additional cost of £8.99 and Printed Hardcopy at £12.99.

Career path:

This Cost Management and Estimation Training Course will equip you with an array of in-demand expertise and prepare you for a variety of rewarding employment options, such as—

  • Cost Management Accountant
  • Project Cost Accountant
  • Assistant Cost Manager
  • Construction Assistant
  • Construction Coordinator
  • Site Assistant

The highest salary for Cost Management Accountants in the United Kingdom is £66,455 per year and the lowest is £19,036 per year.

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
Assignment
Assignment – Cost Management and Estimation Training 00:00:00

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