Project Cost Management Plan for Simple to Moderate Projects Training

Learning Outcomes

• Apply cost estimation techniques to determine project costs for simple to moderately complex projects.
• Develop a project budget by allocating costs to work breakdown structure elements.
• Design a cost management plan that includes cost baseline, funding requirements, and control thresholds.
• Implement cost control processes to monitor and manage project expenditures.
• Evaluate cost performance using earned value management techniques.
• Demonstrate the ability to update and revise cost estimates as project changes occur.

Target Audience

This course is designed for project managers, project coordinators, and team members involved in planning and managing projects of low to moderate complexity. It is also suitable for professionals seeking to formalise their cost management knowledge.

Prerequisites

None — open enrollment. However, a basic understanding of project management principles is recommended.

Course Outline

Practicals

Overview

The practicals component allows learners to apply cost estimation, budgeting, and control techniques to realistic project scenarios. Through hands-on exercises using spreadsheets and project management software, learners develop a complete cost management plan and practice monitoring and reporting on costs.

Practical Activities

• Cost Estimation Exercise — Learners estimate costs for a simple project using analogous, parametric, and bottom-up methods, documenting assumptions and accuracy levels. (8h)
• Budget Development and Baseline Creation — Using a WBS and cost estimates, learners aggregate costs, allocate contingency reserves, and create a cost baseline in a spreadsheet. (8h)
• Earned Value Management Simulation — Learners track a simulated project's progress, calculate EVM metrics, identify variances, and recommend corrective actions. (8h)
• Cost Management Plan Development — Learners develop a comprehensive cost management plan for a moderate project, integrating estimation, budgeting, control, and reporting processes. (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

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.