Overview
Course Outline
Scheduled Dates

Course 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.

Course 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

Schedule & 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.

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Location

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Dubai
London

Popular

Project Budgeting, Estimation, and Cost Saving Techniques

Date: 11 - 15 Aug 2025

Duration: 5 Days

Venue: Dubai

Price: $5,300

Popular

Project Budgeting, Estimation, and Cost Saving Techniques

Date: 29 Sep - 03 Oct 2025

Duration: 5 Days

Venue: London

Price: $5,300

Popular

Project Budgeting, Estimation, and Cost Saving Techniques

Date: 24 - 28 Nov 2025

Duration: 5 Days

Venue: London

Price: $5,300

Project Budgeting, Estimation, and Cost Saving Techniques

Date: 24 - 28 Nov 2025

Duration: 5 Days

Venue: London

Price: $ 5,300

Questions? Speak to our friendly training advisor

John Bayson

Chat on Whatsapp

john@londontfe.com

+44 2071836657

CPD Standards

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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Why Choose London Training For Excellence?

Reliability

We will never cancel a confirmed booking
Support

We offer around the clock support
Tailored

We customise our courses to suit your personal learning needs
Quality

Our courses are delivered by highly experienced industry experts
Recognition

All our courses are accredited by the CPD Standards Agency

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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