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Project Budgeting, Estimation, and Cost Saving Techniques

  • Overview ImageOverview
  • Outline ImageCourse Outline
  • Scheduled ImageScheduled Dates

Overview ImageCourse Overview

This five-day interactive training course is designed to equip project managers, financial analysts, and business professionals with the knowledge and skills required to estimate project costs effectively, develop accurate budgets, and implement cost-saving strategies. The course covers key budgeting methodologies, estimation techniques, risk management, and financial analysis to ensure projects are delivered within budget while maximizing value.

Objective:

By the end of this training, participants will be able to:

  • Understand the principles of project budgeting and estimation.
  • Develop accurate project cost estimates using different methodologies.
  • Identify cost drivers and optimize project financial planning.
  • Implement cost control measures and manage project expenses effectively.
  • Apply risk management techniques to mitigate budget overruns.
  • Use financial performance indicators to track and report project costs.
  • Develop cost-saving strategies to enhance project profitability.
  • Leverage industry best practices for efficient budget management.
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Overview ImageCourse Outline

Day 1: Introduction to Project Budgeting and Cost Estimation

  • Overview of Project Budgeting and its Importance
  • Key Financial Concepts in Project Management
  • The Role of Budgeting in Project Success
  • Types of Project Costs (Fixed, Variable, Direct, Indirect)
  • Common Challenges in Project Budgeting and Estimation
  • Introduction to Cost Estimation Techniques

Day 2: Project Cost Estimation Techniques

  • Analogous Estimating (Top-Down Approach)
  • Parametric Estimating (Statistical Models)
  • Bottom-Up Estimating for Detailed Cost Analysis
  • Three-Point Estimating (PERT)
  • Using Historical Data for Budget Accuracy
  • Practical Exercises on Cost Estimation

Day 3: Budget Planning, Forecasting, and Risk Management

  • Developing a Detailed Project Budget
  • Budgeting Tools and Software
  • Contingency Planning and Reserve Analysis
  • Managing Budget Uncertainties and Risks
  • Cost Variance Analysis (Planned vs. Actual Costs)
  • Hands-on Budget Planning Workshop

Day 4: Cost Control and Performance Measurement

  • Techniques for Monitoring and Controlling Project Costs
  • Earned Value Management (EVM)
  • Key Performance Indicators (KPIs) for Financial Management
  • Managing Change Orders and Budget Adjustments
  • Communicating Budget Performance to Stakeholders

Day 5: Cost-Saving Strategies and Best Practices

  • Identifying and Eliminating Unnecessary Costs
  • Negotiation Techniques for Reducing Supplier Costs
  • Lean Budgeting and Cost Efficiency Models
  • Process Improvement for Budget Optimization
  • Implementing Cost-Saving Initiatives
  • Course Recap

 

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Overview ImageSchedule & Fees

3 For 2Offer

Get the most out of group training with our special discount! Register 3 of your participants together on the same course and only pay for 2.

Select Month

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  • August
  • September
  • November

Location

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  • Dubai dubai icon
  • London london icon

Date: 11 - 15 Aug 2025

Duration: 5 Days

Venue: Dubai

Price: $5,300

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Date: 29 Sep - 03 Oct 2025

Duration: 5 Days

Venue: London

Price: $5,300

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Date: 24 - 28 Nov 2025

Duration: 5 Days

Venue: London

Price: $5,300

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Project Budgeting, Estimation, and Cost Saving Techniques

Project Budgeting, Estimation, and Cost Saving Techniques

Date: 24 - 28 Nov 2025
Duration: 5 Days
Venue: London
Price: $ 5,300
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John Bayson

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Call   +44 2071836657

Employees of professional or formally regulated bodies are generally expected to have CPD accredited training. This type of accreditation ensures that the training is knowledgeable, informed and constantly updated. It ensures our standards as a company are kept high and consistent.

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Frequently Asked Questions

How can training courses be used as a company benefit?

Training is hugely beneficial to both yourself and your company. It enables you to employ new technologies, increases your productivity and enables you to be more autonomous. Have a look here at our infographic on the importance of training and development!

How often do you update your course content to ensure relevancy?

Our course content is constantly reviewed and updated to ensure we stay up to date with all the latest trends. After every course is completed we review the feedback and improve the material where necessary.

Do you keep your classroom environment and instructional methodologies current with today’s real-world workplace?

Yes, we focus our training on ‘real-world’ scenarios and our trainers are all highly experienced and skilled in their relevant fields.

Are your courses eligible for professional certification?

Yes, we offer certification with all our courses, every course is entitled to CPD (Continuous Professional Development) hours which you can put towards your professional portfolio.

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Project Budgeting, Estimation, and Cost Saving Techniques

  • United KingdomLondon
  • calendar24 - 21 Nov 2025
By submitting this form you agree to our Terms and Conditions and Privacy Policy.
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Project Budgeting, Estimation, and Cost Saving Techniques

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  • United KingdomLondon
  • 24 - 21 Nov 2025
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