Introduction to Cost Management
ECITB Accredited
This in-person course has been designed by our industry experts and accredited by the ECITB against their Level 3 training standards. This course will take learners through the theory of Cost Management, Cost Control and how finances should be tracked and analysed through a Projects Lifecycle.
The course will be delivered by one of our ECITB approved trainers over a day. The day will include teaching, in-classroom exercises, discussions, and a final exercise. The outputs of this exercise will be presented to the trainer and feedback on this work will be given.
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*This module and the Budgeting Module must be completed together to qualify as an ECITB course*
Course Contents
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What is Cost Management and why is it important?
Cost Management Process
Identification of Costs and Types of cost
What is Cost Control
Cost Baseline
Cost Control Process
Forecast v Actuals
Exercise – Undertake a Cost Control Exercise on a Mock Project and produce a report covering a 3 month period informing the Project team of progress against the budget.
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We are now taking enquiries for this module! If you’re interested, please let us know by filling out this form and we’ll work with you to organise a session at a suitable time.