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Project Budgeting & Cost Control – Essential Skills for PMs
Rating: 4.5 out of 5(214 ratings)
1,524 students

Project Budgeting & Cost Control – Essential Skills for PMs

Master the essential skills to determine and manage budgets. Gain 3 PDUs
Created byTim Fairley
Last updated 1/2026
English
English [Auto],

What you'll learn

  • Over 25,000 students
  • 94% of Students say we helped grow their careers
  • Manage project costs
  • Understand the role of project cost management
  • Determine a budget
  • Estimate project costs
  • Control project costs
  • Ensure your project comes in under budget
  • Prepare for the PMP exam

Course content

4 sections • 24 lectures • 2h 52m total length

  • Introduction3:51
  • What is project cost management?9:56
  • Context10:12

    align cost management with scope, schedule, quality, and procurement to show how all project functions interact and influence the budget, applying earned value management during planning and control.

  • Why is project cost management important?6:34
  • What skills does a great estimator have?5:39
  • How to keep your project under budget6:28

    Ensure the budget is sufficient and costs are estimated correctly, then monitor spend, manage changes, and track variance to keep the project under budget.

  • Excel estimating template0:04

    Keen to learn how to prepare construction estimates?

    I've attached an estimating spreadsheet that uses some fancy macros to help you prepare high-quality construction estimates.

    You can learn how to use it here (if not, just skip this section!):

    https://www.youtube.com/watch?v=yUXiOvXwSAY

Requirements

  • Basic understanding of project management

Description

So far, we've helped over 25,000 students accelerate their careers in construction and project management by mastering the fundamentals.

Learn how to quickly and accurately estimate costs and manage project budgets.

The course is:

  • Proven - taken by thousands of students with satisfied results. Over 94% of students surveyed believed our construction management courses supported their career progression.

  • Practical - developed in consultation with industry experts to teach you exactly what you need to know to succeed in the real world

  • Fast - we know you are busy, so we developed the course with that in mind and cut out every second of unnecessary information.

  • Packed with Downloadable Resources - we offer students a body of different resources to help them on their journey


And we are always improving. We want to hear your feedback and we are committed to helping you on your journey. We will always respond to questions, queries, or feedback suggestions.

We are super excited to have you enroll in our Project Cost Management Course

Learn the fundamental skills required to accurately estimate construction costs to help grow your career or run your construction business.

The course is broken down into four sections:

  • Section 1 - Introduction and basic concepts around project cost management

    • What is cost management

    • How cost management fits in with the other knowledge areas

    • Why does cost management matter

    • The skills you need to successfully manage construction costs

    • How to keep projects under budget made simple

  • Section 2 - Project Cost Management according to the PMBOK

    • Plan cost management

    • Estimating

    • Determining the budget

    • Cost Control

    • Earned Value Management

    • Earned Schedule

  • Section 3 - Applications of Project Cost Management

    • Tailoring project cost management

    • Construction cost management

    • Applications to infrastructure projects

    • Case Study

  • Section 4 -  Summary

    • Practice exam questions

    • How to get better at project management

Who this course is for:

  • Professionals across industries exposed to projects

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