Business, Commerce and Management Studies Project Management

Project Cost Control Technical Support Training

SAQA US 244573 | NQF 4 | Credits 12 | Duration 9 Days
From $1,798 per delegate

Description

This course equips learners with the technical skills to provide effective support for project cost control functions. Participants will learn to assist in monitoring project budgets, tracking expenditures, and generating cost reports, ensuring that project financials are managed accurately and efficiently.

Learning Outcomes

  • Apply cost control procedures to track project expenditures against budgets.
  • Analyze cost variances and prepare reports to support decision-making.
  • Demonstrate the use of cost control tools and software for data capture and reporting.
  • Implement corrective actions based on cost performance analysis.
  • Evaluate the impact of cost deviations on project objectives.
  • Communicate cost-related information effectively to project stakeholders.

Target Audience

This course is ideal for project administrators, junior project managers, and finance support staff who assist in managing project costs. It is also suitable for individuals seeking to enhance their technical support capabilities within project environments.

Prerequisites

None — open enrollment

Course Outline

Day 1: Introduction to Project Cost Control

Objectives:
• Understand the purpose and importance of project cost control
• Identify key cost control concepts and terminology
• Recognize the role of cost control in project management
• Explain the cost control process lifecycle

Topics:
• Overview of project cost control
• Key terms: budget, actual cost, earned value, variance
• The project management framework (PMBOK)
• Cost control vs. cost management
• Cost control process: planning, monitoring, controlling
• Roles and responsibilities in cost control
• Introduction to cost control documentation
• Case study: cost control failure

Day 2: Cost Estimation Techniques

Objectives:
• Differentiate between top-down and bottom-up estimating
• Apply parametric and analogous estimating methods
• Develop a work breakdown structure (WBS) for cost estimation
• Understand contingency and escalation factors

Topics:
• Types of cost estimates: order of magnitude, budgetary, definitive
• Top-down estimating: analogous, parametric
• Bottom-up estimating: WBS-based
• Three-point estimating (PERT)
• Expert judgment and historical data
• Cost of quality and risk contingency
• Escalation and inflation considerations
• Practical exercise: estimate a small project

Day 3: Budgeting and Baseline Setting

Objectives:
• Create a project budget from estimates
• Establish a cost baseline
• Understand funding requirements and cash flow
• Apply management reserve and contingency reserve

Topics:
• Aggregating costs from WBS
• Determining budget vs. baseline
• Cost baseline development
• S-curves and cumulative cost
• Funding limit reconciliation
• Management reserve vs. contingency reserve
• Cash flow forecasting
• Exercise: develop a budget for a sample project

Day 4: Earned Value Management (EVM) Fundamentals

Objectives:
• Define earned value (EV), planned value (PV), actual cost (AC)
• Calculate cost variance (CV) and schedule variance (SV)
• Interpret cost performance index (CPI) and schedule performance index (SPI)
• Use EVM to forecast estimate at completion (EAC)

Topics:
• EVM concepts and terminology
• PV, EV, AC definitions
• Variance analysis: CV, SV
• Performance indices: CPI, SPI
• Forecasting: EAC, ETC, TCPI
• EVM reporting formats
• Common pitfalls in EVM
• Practice calculations with sample data

Day 5: Monitoring and Controlling Costs

Objectives:
• Implement cost control procedures
• Perform variance analysis and corrective actions
• Use control accounts and work packages
• Manage changes to the cost baseline

Topics:
• Cost control cycle: measure, compare, act
• Variance analysis techniques
• Corrective action planning
• Control accounts and work packages
• Change control process for cost
• Re-baselining and forecasting updates
• Cost performance reviews
• Case study: corrective action in a project

Day 6: Cost Reporting and Communication

Objectives:
• Design effective cost reports
• Communicate cost status to stakeholders
• Understand cost report formats (tabular, graphical)
• Use dashboards and KPIs for cost control

Topics:
• Cost report components: actual vs. budget, variances, trends
• Graphical reporting: S-curves, bar charts, histograms
• Dashboard design and KPIs
• Stakeholder communication plan
• Frequency and level of detail
• Cost performance meetings
• Reporting software overview
• Exercise: create a cost report

Day 7: Cost Control in Procurement and Contracts

Objectives:
• Understand cost implications of procurement
• Manage contract costs and change orders
• Apply cost control to subcontractors
• Evaluate make-or-buy decisions

Topics:
• Procurement process and cost control
• Types of contracts: fixed price, cost-reimbursable, time & materials
• Contract cost monitoring
• Change orders and claims
• Subcontractor cost management
• Make-or-buy analysis
• Earned value for procurement
• Case study: contract cost overrun

Day 8: Advanced Cost Control Techniques and Software

Objectives:
• Use software tools for cost control
• Apply trend analysis and forecasting models
• Implement risk-based cost control
• Understand life cycle costing

Topics:
• Overview of cost control software (e.g., MS Project, Primavera)
• Trend analysis and forecasting
• Monte Carlo simulation for cost risk
• Life cycle costing (LCC)
• Value engineering
• Benchmarking and best practices
• Agile cost control
• Hands-on software demonstration

Day 9: Integration, Review, and Assessment

Objectives:
• Integrate cost control with other project processes
• Prepare for a cost control audit
• Review key concepts and best practices
• Apply knowledge in a comprehensive case study

Topics:
• Integration with scope, time, quality, risk
• Cost control audit preparation
• Lessons learned and continuous improvement
• Ethics in cost control
• Comprehensive case study: full project cost control
• Review of key concepts
• Final assessment and feedback
• Course wrap-up

Practicals

28 hours of practicals To be conducted online or on-campus or in-house
Overview

The practicals provide hands-on experience with cost estimation, budgeting, earned value calculations, reporting, and software tools. Learners apply concepts to realistic scenarios, reinforcing theoretical knowledge with practical skills.

Practical Activities
  • Cost Estimation Exercise — Learners estimate the cost of a small construction project using parametric and bottom-up methods. (6h)
  • Budget Development and Baseline Setting — Using a case study, learners create a budget, establish a cost baseline, and forecast cash flow. (6h)
  • Earned Value Management Calculations — Learners calculate PV, EV, AC, variances, indices, and forecasts from given project data. (6h)
  • Cost Reporting and Dashboard Creation — Learners generate a cost report and a dashboard using spreadsheet software. (4h)
  • Comprehensive Project Cost Control Simulation — Teams manage a simulated project's costs from estimation to closure, making decisions and handling changes. (6h)

Summatives

Each delegate is assessed continuously throughout the course via daily exercises, scored practical assignments, and a final summative test at the end.

Practical Assignments — 30%

Practical assignments are observed and scored against a rubric during the practical sessions. Each delegate's practical mark is averaged into a single 100% score and contributes 30% to the final total.

Daily Exercises — 20%

Every training day ends with a multiple-choice exercise scored out of 100%. The scores from each daily exercise are averaged across the duration of the course to produce a Daily Average mark, which contributes 20% to the final total.

Final Test — 50%

On the last day a final summative test is written. It is a multiple-choice paper with multiple-answer questions: each question may have more than one correct option, and a single wrong selection on a question marks the entire question wrong — no partial credit. The final test is scored out of 100% and contributes 50% to the overall mark.

Final Total
Component Out of Weight
Practical Assignments (rubric-scored) 100% 30%
Daily Average (multiple choice) 100% 20%
Final Test (multi-answer multiple choice) 100% 50%
Final Total 100%

All marks are recorded on the AATICD LMS and visible to each learner under their account.

Certificate

Certificate of Completion

Awarded to delegates who achieve an overall mark of 50% or higher on the Final Total (Practicals 30% + Daily Average 20% + Final Test 50%).

How it works
  • Certificates are auto-generated on the AATICD LMS as soon as the marks pass the 50% threshold.
  • Each certificate is a branded PDF with the delegate's name, the course title, the unit standard ID, NQF level, credits, and the date of issue.
  • You can download or print your certificate from your LMS dashboard at any time after issue — there's no reissue fee and no expiry date.
  • If you scored under 50% you can sit the final test again at the next scheduled session at no extra cost.
Where to find it

Sign in to the LMS, open your dashboard, and your certificates appear under My Certificates. Each entry has a View / Download button and a print option.

Training Discounts

Group discounts apply automatically — the more delegates you enrol, the greater the saving. Discounts are calculated at 3% per 5 delegates, scaling up to 40% off for 100+ delegates.

Delegates Discount
5 3% off
10 6% off
15 9% off
20 12% off
25 15% off
30 18% off
50 30% off
75 35% off
100 40% off

3% discount per 5 delegates, up to 40% off for 100+ delegates. Contact us for a custom group quote.

Upcoming Training Sessions
Online training — attend live sessions from anywhere via our virtual classroom.
Start End Delivery Season Price Action
Mon 07 Sep 2026 Thu 17 Sep 2026 Virtual Spring 2026 $1,798 Register
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Wed 29 Dec 2027 Mon 10 Jan 2028 Virtual Summer 2027 $1,798 Register
Tue 18 Jan 2028 Fri 28 Jan 2028 Virtual Summer 2027 $1,798 Register
On-Campus training — face-to-face sessions at our training venues across Africa and beyond.
Showing all 499 sessions across 26 venues
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Fri 31 Jul 2026 Wed 12 Aug 2026 Johannesburg, South Africa Winter 2026 $3,969 Register
Mon 03 Aug 2026 Thu 13 Aug 2026 Cape Town, South Africa Winter 2026 $4,455 Register
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In-House training — we bring the trainer to your organisation, tailored to your team.
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Tue 15 Sep 2026 Fri 25 Sep 2026 Your Premises Spring 2026 $2,338 Register
Mon 05 Oct 2026 Thu 15 Oct 2026 Your Premises Spring 2026 $2,338 Register
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Fri 26 Mar 2027 Wed 07 Apr 2027 Your Premises Autumn 2027 $2,338 Register
Thu 17 Jun 2027 Tue 29 Jun 2027 Your Premises Winter 2027 $2,338 Register
Wed 07 Jul 2027 Mon 19 Jul 2027 Your Premises Winter 2027 $2,338 Register
Tue 27 Jul 2027 Fri 06 Aug 2027 Your Premises Winter 2027 $2,338 Register
Mon 13 Sep 2027 Thu 23 Sep 2027 Your Premises Spring 2027 $2,338 Register
Fri 08 Oct 2027 Wed 20 Oct 2027 Your Premises Spring 2027 $2,338 Register
Thu 28 Oct 2027 Tue 09 Nov 2027 Your Premises Spring 2027 $2,338 Register
Fri 17 Dec 2027 Wed 29 Dec 2027 Your Premises Summer 2027 $2,338 Register
Thu 06 Jan 2028 Tue 18 Jan 2028 Your Premises Summer 2027 $2,338 Register
Wed 26 Jan 2028 Mon 07 Feb 2028 Your Premises Summer 2027 $2,338 Register
Training Discounts
Delegates Discount
5 3% off
10 6% off
15 9% off
20 12% off
25 15% off
30 18% off
50 30% off
75 35% off
100 40% off

3% off per 5 delegates, up to 40% for 100+

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