Professional Certificate Course in Project Cost Estimation

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Duration

2 Weeks

Pedagogy

Online

Professional Certificate Course in Project Cost Estimation

The course aims to provide an overview of cost control, including the meaning and features of cost control, the cost breakdown structure and cost estimation, various techniques and types of cost estimation, and the meaning and techniques of contingency estimation. Students will learn about the importance of cost control, how to create a cost breakdown structure, different methods of cost estimation, and how to use contingency estimation to manage unexpected costs.

Accreditation

All MSBM courses are accredited by the relevant partners and awarding bodies. Please refer to MSBM accreditation in about us for more details.

Entry requirement

There are no strict entry requirements for this course. Work experience will be added advantage to understanding the content of the course.

The certificate is designed to enhance the learner's knowledge in the field. This certificate is for everyone eager to know more and get updated on current ideas in their respective field. We recommend this certificate for the following audience.

  • CEO, Director, Manager, Supervisor
  • Project Managers
  • Project Coordinators
  • Project Analysts
  • Business Analysts
  • Team Leaders
  • Department Managers
  • Executives overseeing projects
  • Consultants
  • Engineers
  • IT Professionals
  • Marketing Managers
  • Human Resources Managers
  • Financial Analysts
  • Operations Managers
  • Supply Chain Managers
  • Product Managers.

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What you'll learn

Module 1

Project Cost Estimation

Effective cost control is crucial for organizations seeking to achieve their goals while managing their financial resources effectively. This course aims to provide participants with an overview of cost control, including its meaning, features, and importance. Participants will learn about the cost breakdown structure and cost estimation, including various techniques and types of cost estimation. The course will cover the use of contingency estimation to manage unexpected costs and the importance of regularly monitoring and controlling costs.
Moreover, the course will delve into the different methods of cost estimation, including top-down, bottom-up, and parametric cost estimation. Participants will learn how to create a cost breakdown structure and how to estimate costs accurately based on the scope of the project. The course will be delivered through a mix of theoretical content, practical case studies, and interactive exercises. Participants will work individually and in groups to develop their understanding of cost control and apply their learning to real-life scenarios.
By the end of this course, participants will have gained valuable knowledge and skills to become effective cost controllers. They will have a comprehensive understanding of the meaning and features of cost control, the ability to create a cost breakdown structure, accurately estimate costs using different techniques, and use contingency estimation to manage unexpected costs. Participants will be equipped with the knowledge and skills needed to manage their costs effectively and ensure the success of their projects.

4 Lectures
1 Quiz

Testimonial

Discover the success stories of learners like yourself

Where learning goes beyond acquiring new skills to also deliver an enjoyable experience.

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Veronica H.

It doesn’t matter how many times I attend, I always learn something new!

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Shermana S.

The course was intensive yet very informative. I was able to learn a lot of new information from the different topics covered and it was flexible enough to acco...

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Chad W.

This course helped me establish a more formal understanding of the business environment.