Project Estimation and Budgeting

Project Estimation and Budgeting

Key details

Mode of delivery: Classroom-based

Course code: PM11D

Duration: 1 day

Fee: £925.00 + VAT

CPD Hours: 6

Course Overview

This module focuses on developing accurate project cost estimates and financial plans. Participants will learn how to use forecasting methods, compare projections with actual performance, and apply effective budgeting techniques to maintain financial control and support informed decision-making throughout the project lifecycle.

Agenda

Project Estimation & Budgeting

  • Forecasting Methods
  • Forecasts vs Actual Results
  • Budgeting methods

Course Review

  • Summary and recap of key learning objectives
  • Action Planning

Target Audience

This course is suitable for:

  • Project managers
  • Aspiring project professionals
  • Team leaders and supervisors
  • Programme and portfolio managers
  • Business analysts
  • Change managers
  • Executives and decision-makers
  • Entrepreneurs and startup founders
  • Engineers and IT professionals
  • NGO and public sector staff

Learning Outcomes

By the end of this course, you will be able to implement a successful strategy that enables you to:

  • Understand various forecasting techniques used to predict project costs and timelines.
  • Analyse discrepancies between projected and actual outcomes to improve future estimates.
  • Learn different budgeting approaches to effectively allocate and manage financial resources.

Categories

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