Description

Project cost management training develops key skills for a project manager or for a cost estimator or controller in projects. Indeed, controlling the economic dimension of a project is essential to ensure the satisfaction of customers and clients. It is also fundamental for managing the economic pillar of a sustainable development approach. It has two parts: estimating costs to win business or forecast an operating margin, and managing costs to maintain the margin, or even to rebuild it. PMI, PMBOK, PMP, PgMP, PMI-SP, PMI-RMP and the PMI Registered Education Provider logo are registered trademarks of the Project Management Institute, Inc.

Who is this training for ?

For whom ?

Estimator, project coster, estimation and cost control engineer. Cost controller, coster and any person in charge of managing, managing or steering project costs. Project manager and project manager.

Prerequisites

Training objectives

• Develop estimates and forecast figures for a project.
• Integrate risks into estimates.
• Preserve the margins of your business and projects.
• Manage the monitoring of project costs with efficiency and anticipation.
• Communicate effectively on costs of the project.

Training program

• Before the face-to-face
  • A self-diagnosis.
• Estimate project costs Analog methods, parametric methods, analytical methods.
  • Planning poker (agile methods).
  • Scenario Implementation: project estimation.
• Integrate risks into the initial project budget
  • Integrate exchange rates, parity, location, inflation and revision formulas.
  • Identify the project risks.
  • Define the provision for risks and contingencies.
  • Scenario Case study: initial project budget and provision calculation.
• Validate the economic feasibility Evaluate the profitability of projects: VAN, ROI, PAYBACK, TIR.
  • Scenario Exercise: profitability calculations.
• Control project costs Physical progress to anticipate deviations.
  • Calculate the Acquired Value, the Planned Value, and the actual cost of the work carried out.
  • Monitor the risks and preserve the provision.
  • Scenario Study of case: calculation of cost indicators.
• Update the project cost control table Define the control table format adapted to your project.
  • Scenario Case study: build your cost management table.
• After face-to-face, implementation in a work situation
  • A challenge every week for weeks to manage the costs of your project.