Project Cost Control, Estimation & Budgeting Techniques

1) Course Introduction

This course equips participants with advanced methods for cost estimating, budgeting, and controlling project financial performance.

At the cost management core, Seattle International Institute for Training integrates estimation tools, cost models, and variance control methods.

2) Key Learning Objectives

Participants will learn to:

• Build accurate cost estimates (CAPEX & OPEX)
• Develop project budgets & cost breakdown structures
• Monitor cost performance and variances
• Control financial risks and cash flow
• Improve reporting and forecasting accuracy

3) Target Audience

• Cost engineers
• Project controls teams
• PMO staff
• Project managers

4) Course Importance & Business Impact

Strong cost control reduces overruns and enhances project profitability.

5) Practical Modules / Key Topics

• Cost estimation methods
• Budgeting frameworks
• Cost control tools
• Variance analysis
• Cash flow planning