Control the costs of a project

In a context where the level of complexity of projects and the number of stakeholders
is constantly increasing, an effective method of cost management has become a must.

This training teaches to use the necessary tools to control the costs of the project.
Cost overruns are often foreseeable and there are methods for adjusting the budget.

The aim of this training is to transmit the methodology and the tools to control the costs
of the project according to the budget.

> To identify the direct and indirect costs that may affect
the project budget
> To use a structured methodology for scheduling
and calculating project costs
> To establish benchmarks that will assess the project's performance
> To calculate the earned value and to anticipate
the increase in costs

Any project manager who wants to learn how to control project costs.
It can also be helpful to engineers, architects and other consultants
who would like to learn the impact of their decisions on the profitability
of the project. To project team members and risk managers for them
to participate in the audit and the project control.

  • Mastering the language of time and cost management
  • Know the 5 main stages of the project and the goal of each stage
  • Use proven methodology to evaluate time and cost
  • Structuring costs to facilitate planning and control
  • Establish priorities for cost management
  • Elaborate resource management guidelines to reduce project costs
  • Calculate provisions to cover uncertainties and risks
  • Determine cost precision according to the project's steps
  • Manage costs at each stage of the project
  • Understand the project's business plan and its fragility
  • Plan project costs realistically
  • Provide performance indicators to monitor the execution
  • Calculate variances and projections of project costs
  • Make decisions to keep costs within the budget
  • Close the project and collect the lessons learned


    Cost control is essential in an increasingly competitive world. The strength
    of our course lies in the simple but comprehensive sharing of all aspects
    of cost control. How? Structure the costs, do not forget any significant costs,
    how to plan in order to use these tools for an early review of costs.
    This anticipation method makes it possible to make decisions early enough
    to correct the situation.

    • Identification of the types of costs of the project
    • The main stages of the project and their deliverables
    • Time evaluation taking into account the resources performance
    • Cost calculation using the identified resources in the schedule calculation
    • The structure and nomenclature of the costs allocation
    • The constraints to consider for cost management
    • Improve the performance of cost management
    • Data Management of the project's costs
    • Calculation of risks
    • Calculation hypothesis and project costs variation
    • Cost management and feasibility study
    • Managing costs during the preparation of project documents
    • Methods of estimating costs
    • Cost Management for bids and contract negotiations
    • Budget preparation
    • Project Change Management
    • Definition of objectively verifiable performance indicators
    • Monitoring and evaluation of the project
    • Calculation of the earned value and estimation of the anticipated project cost
    • Calculation of the performance index and anticipation of deviations
    • Decision-making to correct discrepancies

      • Interactive presentations
      • Illustrate with practical examples
      • Demonstrate the proposed methods
      • Practical exercises
      • Action Plan completed during training

      • Comprehensive manual
      • Exercises with corrections


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