This course is designed to give delegates a comprehensive understanding of Project Budgeting and Project Cost Management. The program includes project financial selection criteria, cost estimating, budgeting and managing the cost on a project. The program focuses on concepts such as Earned Value Management to measure the progress of a project.


This course is tailored especially for those who are involved in the cost aspects of a project such as Project Managers, PMO Managers and Project Cost Executives.


After this course, the participants should be able to:

  •  Understand general cost & financial management concepts in project management
  •  Identify How projects are selected using financial models
  •  Monitor the budget throughout the project lifecycle using Earned Value Analysis
  •  Identify potential financial risks and implement contingencies
  •  Forecast project cost performance


  •  Cost Management a Constraint of a project
  •  Project Selection Methods using Cost/ Benefit analysis
    • The various tools like NPV, IRR, payback period, etc
  •  What are costs and the types of cost?
    • Direct & Indirect Cost
    • Fixed & Variable Cost
    • What is Depreciation
    • CAPEX & OPEX
  •  Project Cost Estimation
    • Selecting Estimating methods
    • Methods: Top-Down, Bottom-Up, Parametric, Industry Guidelines
    • Organisational Policies
  •  Project Budgeting
  •  Risks & Contingencies
  •  Monitoring & Controlling
    • Setting up and Managing Cash-flows
    • Using convention methods to monitor
    • Using Earned Value Analysis to manage project
      • Performance Indicators
      • Forecasting cost at selected junctures
  •  Measure the ROI of the Project

The Bridgit group has always been at the forefront of all things on human capital development.