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Project Cost Management-Estimating
Rating: 3.9 out of 5(32 ratings)
4,189 students

Project Cost Management-Estimating

Learn Practical Cost Estimating, Budget Planning & Earned Value Management
Created byEr. FAISAL ATHAR
Last updated 12/2025
English

What you'll learn

  • Understand the complete process of Project Cost Management from estimation to control.
  • Create accurate cost estimates using bottom-up, top-down, parametric, and analogous methods.
  • Prepare detailed project budgets and develop a cost baseline for monitoring
  • Calculate and apply key Earned Value Management (EVM) metrics such as PV, EV, AC, CPI, SPI, CV & SV.
  • Track project performance using S-curves, cost reports, and variance analysis
  • Forecast project outcomes with EAC, ETC, and VAC formulas to identify cost overruns early.
  • Use real-world techniques to monitor, report, and control project costs effectively
  • Develop professional skills required for project managers, planning engineers, and quantity surveyors.

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Course content

3 sections • 19 lectures • 1h 29m total length

  • Introduction to the Course2:07

    In this lecture, you will get a complete overview of the course structure, learning outcomes, and what you can expect throughout the journey. We will walk you through the key topics covered in Project Cost Management, including estimating, budgeting, cost control, QTO, EVM, and real case studies.

    You will also learn how this course is designed, how to navigate the lectures, and how each module builds your skills step by step. This session prepares you with the right mindset and gives you clarity on how to get maximum benefit from the course.

    By the end of the lecture, you will clearly understand the course flow, tools you will use, and how this training will help you improve your cost management and project financial skills.

  • Importance of Cost Control in Projects3:48
  • Project Cost Management Cycle Explained5:53
  • CAPEX vs OPEX (Capital vs Operating Expenditure)5:20
  • Direct, Indirect & Overhead Costs4:58
  • Life Cycle Cost (LCC) of a Project5:31
  • Cost Control vs Cost Cutting4:00

Requirements

  • No prior experience in project cost management is required — beginners are welcome. Basic understanding of projects or construction work is helpful but not necessary. Ability to read simple project data such as quantities, timelines, or budgets. A laptop or mobile device to follow along with examples and templates. Interest in learning cost estimation, budgeting, and Earned Value Management (EVM). Optional: familiarity with Excel or project planning tools (not mandatory).

Description

Managing project costs is one of the most critical skills for every project manager, engineer, planner, or construction professional. This course gives you a complete, practical, and industry-focused understanding of Cost Estimation, Budgeting, Cost Control, and Earned Value Management (EVM) so you can manage any project with confidence.


Inside this course, you will learn step-by-step techniques used by top companies to estimate project costs, prepare detailed budgets, forecast financial performance, and measure progress using real data. Whether you are handling construction projects, IT, infrastructure, or engineering works, this course will help you plan, monitor, and control project costs effectively.

You will understand all major cost management processes, the flow from estimation to budgeting, and how to apply EVM formulas to track schedule and cost performance. We use real examples, templates, and simplified explanations, making it easy even if you are a beginner.

By the end of the course, you will have the skills to:

Create accurate project cost estimates

Prepare project budgets and cost baselines

Track costs and control financial performance

Apply Earned Value Management (EVM) like a professional


Forecast project cost overruns before they happen

Use cost reports, S-curves, and performance indices (CPI, SPI, CV, SV)


This course is designed for:

Civil engineers

Project managers and coordinators

Planning engineers

Construction professionals

Quantity surveyors

Students preparing for PM roles

Anyone who wants to upgrade project cost management skills

No previous experience is required — everything is explained from basics to advanced level in a structured, easy-to-follow format.

Enroll now and become confident in Cost Management, Estimation, Budgeting, and Earned Value Analysis for any size project!

Who this course is for:

  • Project Managers who want to strengthen cost planning and cost control skills. Planning Engineers looking to apply estimation, budgeting, and EVM in real projects. Civil Engineers & Construction Professionals responsible for project execution and cost monitoring. Quantity Surveyors who want to master cost estimation and financial tracking. Students & Fresh Graduates preparing for careers in project management or construction. Site Engineers & Supervisors who want to understand budgets, costs, and performance tracking. Freelancers & Consultants working on project planning, billing, or financial control. Anyone interested in Project Cost Management, regardless of experience level.

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