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Certified Cost Manager

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  • Overview ImageOverview
  • Outline ImageCourse Outline
  • Scheduled ImageScheduled Dates

Course Overview

Cost management is critical for organisations seeking to maintain profitability, control expenditures, and make informed financial decisions. This intensive 5-day course is designed for professionals responsible for managing budgets, analysing costs, and ensuring value throughout a project or organisation's lifecycle.

Participants will gain the knowledge and tools to effectively plan, track, control, and report on costs using industry best practices. This includes budgeting techniques, variance analysis, cost estimating, lifecycle costing, and cost optimisation strategies. The course aligns with global project and cost management frameworks and supports learners pursuing a recognised Certified Cost Manager credential.

Objective:

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

  • Understand the full scope of cost management and its role in business success.
  • Plan and develop accurate cost estimates and budgets.
  • Monitor, control, and report cost performance effectively.
  • Analyse variances and recommend corrective actions
  • Apply cost reduction and value engineering strategies.
  • Integrate cost management with scheduling and risk management.
  • Support strategic decision-making through cost insights
  • Align cost management with organisational financial goals.
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Course Outline

Day 1: Cost Management Fundamentals

  • Principles and objectives of cost management
  • Cost management lifecycle: planning to close out
  • Classifying direct, indirect, fixed, and variable costs
  • Cost elements in projects, operations, and procurement

Day 2: Budgeting and Cost Estimating Techniques

  • Creating cost estimates: top-down, bottom-up, parametric, analogous
  • CAPEX and OPEX planning
  • Developing cost baselines and funding requirements
  • Aligning budgets with scope and resource planning

Day 3: Cost Control, Monitoring and Reporting

  • Earned Value Management (EVM) overview
  • Measuring performance against baselines
  • Cost variance (CV) and cost performance index (CPI)
  • Forecasting cost to completion and reporting tools

Day 4: Value Engineering and Cost Optimisation

  • Principles of value analysis and functional cost reduction
  • Identifying cost drivers and waste elimination
  • Benchmarking and cost-saving initiatives
  • Case study: Applying value engineering to a project or service

Day 5: Integrated Cost Management and Certification Review

  • Linking cost to time and risk management
  • Lifecycle costing (LCC) and Total Cost of Ownership (TCO)
  • Cost audit, compliance, and documentation best practices
  • Final knowledge review and certification preparation
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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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$5,300


Duration: 5 Days

date: 07 - 11 Jul 2025

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Duration: 5 Days

date: 15 - 19 Sep 2025

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London

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Duration: 5 Days

date: 01 - 05 Dec 2025

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  • Finance and Accounting

Certified Cost Manager

Duration:5 Days

date:15 - 19 Sep 2025

London

London

$5,300


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Why Choose London Training For Excellence?

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    Reliability

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    We customise our courses to suit your personal learning needs

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    Quality

    Our courses are delivered by highly experienced industry experts

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    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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Certified Cost Manager

  • United KingdomLondon
  • calendar15 - 19 Sep 2025
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  • United KingdomLondon
  • 15 - 19 Sep 2025
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