Introduction
Behind every successful project is someone who knew how to keep control, not just of the schedule, but of the story the numbers were telling. This course is designed for professionals who want to move beyond “tracking costs” and step into the role of strategic decision-makers. Participants will learn how to connect budgets, timelines, and performance data into one clear picture, using EVM to spot trends early, make informed decisions, and communicate insights that management can trust. Moreover, participants will gain the confidence to forecast outcomes, control risks, and prevent overruns before they happen. Finally, this program will help you transform your cost reports into meaningful business intelligence, and elevate your impact as a cost control professional.
Course Outline
- Module 1
- Module 2
- Module 3
- Module 4
- Module 5
- Course Objectives
- Target Audience
Project Cost Control
- The role and objectives of cost control in project environments.
- Key concepts: cost breakdown structure (CBS), (WBS), and coding systems.
- Identifying direct, indirect, variable, and fixed costs.
- The project control cycle: planning, monitoring, and corrective action.
- Building an integrated baseline: linking cost, schedule, and scope.
Accurate Cost Estimation and Budget Development
- Estimation methods: top-down, bottom-up, parametric, and analogous.
- Building cost baselines and estimating accuracy ranges.
- Allocating contingencies and reserves based on risk exposure.
- Developing resource-loaded budgets and cost phasing curves.
- Integrating cost estimates with project schedules.
Earned Value Management (EVM) in Practice
- EVM fundamentals: linking performance, progress, and cost.
- Core EVM metrics: PV, EV, AC, CPI, SPI, CV, SV, EAC, and VAC.
- Performing cost and schedule variance analysis.
- Forecasting project performance using trend-based EVM models.
- Using visual dashboards for performance tracking and communication.
Forecasting, Reporting & Risk Management
- Forecasting project completion cost and time: ETC and EAC methods.
- Preparing variance and trend reports for management review.
- Identifying cost drivers and root causes of deviation.
- Integrating cost control with project risk management frameworks.
- Developing corrective and preventive action plans.
Data-Driven Decision Making in Cost Control
- Leveraging Excel and Power BI for data visualization and trend analysis.
- Building KPI dashboards to monitor project financial health.
- Benchmarking and performance indicators for cost control.
- Scenario-based decision-making using cost simulations.
- Communicating results to non-financial stakeholders.
By the end of this course, participants will be able to:
- Manage cost control systems aligned with project objectives.
- Implement Earned Value Management (EVM) for performance measurement and forecasting.
- Interpret cost data to detect variances and advise on corrective actions.
- Mitigate financial and operational risks through proactive analysis.
- Build professional cost reports and dashboards for management decision-making.
This course is ideal for:
- Cost Controllers & Cost Engineers
- Project Control and Planning Engineers
- Estimators, Quantity Surveyors & Cost Analysts
- Project Accountants and Financial Analysts
- Procurement & Commercial Managers
- Project Managers and Business Analysts
Course Schedule & Fees
- Kuala Lumpur
- Singapore
- Amsterdam
- Online
- Course Fees
This course will take place in Kuala Lumpur on the following dates:
| 19/05/2025 | 02/06/2025 | 16/06/2025 | 30/06/2025 |
| 14/07/2025 | 28/07/2025 | 11/08/2025 | 25/08/2025 |
| 08/09/2025 | 22/09/2025 | 06/10/2025 | 20/10/2025 |
| 03/11/2025 | 17/11/2025 | 01/12/2025 | 15/12/2025 |
| 29/12/2025 | 12/01/2026 | 26/01/2026 | 09/02/2026 |
This course will take place in Singapore on the following dates:
| 12/05/2025 | 02/06/2025 | 23/06/2025 | 14/07/2025 |
| 04/08/2025 | 25/08/2025 | 15/09/2025 | 06/10/2025 |
| 27/10/2025 | 17/11/2025 | 08/12/2025 | 29/12/2025 |
| 19/01/2026 | 09/02/2026 |
This course will take place in Amsterdam on the following dates:
| 05/05/2025 | 26/05/2025 | 16/06/2025 | 07/07/2025 |
| 28/07/2025 | 18/08/2025 | 08/09/2025 | 29/09/2025 |
| 20/10/2025 | 10/11/2025 | 01/12/2025 | 22/12/2025 |
| 12/01/2026 | 02/02/2026 | 23/02/2026 |
This course will take place Online the following dates:
| 27/05/2025 | 24/06/2025 | 22/07/2025 | 19/08/2025 |
| 16/09/2025 | 14/10/2025 | 11/11/2025 | 09/12/2025 |
| 06/01/2026 | 03/02/2026 |
| Kuala Lumpur | Singapore | Amsterdam | Online |
| USD$ 3,580 | USD$ 5,600 | USD$ 5,600 | USD$ 1,920 |
