Module 1: Fundamentals of Cost Management & Cost Control

Introduces the principles of cost management, cost terminology, cost structures, and the role of cost controllers in project and organisational environments.

Module 2: Cost Planning, Budgeting & Estimation Techniques

Explores cost estimation methods, budget preparation, cost baselines, and resource planning. Learners develop skills to create realistic budgets aligned with organisational objectives.

Module 3: Cost Measurement, Allocation & Classification

Covers direct and indirect cost allocation, overhead absorption, activity-based costing, and techniques for determining accurate cost information for management decisions.

Module 4: Project Cost Control & Earned Value Management (EVM)

Provides in-depth training on EVM principles, performance indexes, variance analysis, and how to track project progress using cost and schedule integration.

Module 5: Cost Monitoring, Forecasting & Financial Analysis

Focuses on cost tracking tools, reporting formats, trend analysis, forecasting techniques, and early warning indicators for cost overruns.

Module 6: Procurement, Contract Costing & Supplier Financial Evaluation

Examines cost implications of procurement strategies, contract types, lifecycle costing, and evaluating supplier financial performance to support cost-effective procurement decisions.

Module 7: Cost Optimisation, Value Engineering & Risk Management

Introduces value engineering techniques, cost-reduction strategies, cost–benefit analysis, and managing cost-related risks throughout the project lifecycle.

Module 8: Cost Reporting, Documentation & Professional Standards

Covers cost reports, dashboards, data presentation, audit trails, documentation systems, and ethical standards expected from professional cost controllers and cost managers.

• Cost management fundamentals and cost-control systems

• Techniques for accurate budgeting, planning, and estimation

• Activity-based costing and overhead allocation

• Earned Value Management (EVM) and performance measurement

• Cost forecasting, variance analysis, and financial interpretation

• Procurement costing and contract financial evaluation

• Cost-optimisation, value engineering, and risk management

• Professional cost reporting and documentation skills

• Cost controllers and cost managers

• Project managers and project accountants

• Quantity surveyors and procurement professionals

• Finance officers and budgeting professionals

• Engineers involved in project cost planning

• Professionals transitioning into cost management roles