Project Budgeting & Cost Management - Informa Connect Middle East
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Project Budgeting & Cost Management - Informa Connect Middle East
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Project Budgeting & Cost Management Training Course | Project Management Training Course

Project Budgeting & Cost Management

Course Director
Peter Hofmann | Course Director
Peter Hofmann

MFX Options and Solutions (Pty) Ltd

Education Partners
Project Management Institute (PMI) | Education Partner – Informa Middle East


This course places an emphasis on a variety of tools and techniques used for the purpose of preparing a financial budget for projects and monitoring variances over a period of time in the process.

This course begins with defining the project and the various elements involved through the Work Breakdown Structure. It provides a walkthrough of the process in developing a project plan and a milestone plan which determine the project budget. The content expands further and delves into the complexities of formulating the project budget using the time and material system leading to the creation of a capital budget. Once the budget is determined, you will focus on a variety of methods that could be deployed in raising project financing including the basic concepts of Angel and Venture Capital Financing, as well as aspects associated with Public Private Partnerships.

The course further undertakes a walkthrough of the process involved in carrying out a basic capital investment appraisal of the project and considers basic aspects of risk and sensitivities associated with the actual project results.

Finally, the course concludes with an overview on monitoring the actual financial performance of the project with reference to the Stage of Completion Method and how variances are determined and reported to senior management in the process.

Who Should Attend

  • Financial Directors and Financial Managers
  • Banks, Lenders and Project Investors
  • Government Officials involved in PPP initiatives
  • Programme Directors and Project Managers
  • Programme Sponsors

Benefits of Attending

  • Review the basics of project management
  • Understand the differences between project and operational management
  • Gain insight into feasibility evaluation of projects
  • Understand different techniques used to support capital investment decisions
  • Explore alternative means of accessing and tapping into project finance resources
  • Understand key forms of Public Private Partnerships in project finance initiatives
  • Learn to manage and account for risks in projects
  • Analyse project risk using appropriate techniques
  • Gain insight into monitoring financial performance on projects
  • Identify and evaluate deviations from financial plans

Project Budgeting & Cost Management