Cost planning & control
This course aims to explain the basic financial concepts that a project controls professional needs to understand to apply project cost controls.
More information
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Why this training
Project cost controls is not accounting. The specifics of project cost management should be well understood in order to implement integrated techniques such as Earned Value Management.
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Learning goals
- Explain what project cost controls is and how it is different from project accounting.
- Perform project cost control with a typical project cost sheet.
![](https://www.proove.eu/images/uploads/trainings/Academy_sections.png)
Section
- Project Controls & Costs
- Cost Estimation
- Budgeting
- Cash Flow Management
- Project Cost Control
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Learning method
This classroom training includes two exercises:
- The participants will make a budget (in time) for an example project. This exercise is an eye-opener for the difference between budgeting and accounting.
- The participants will perform project cost control for the same project in a simulated execution scenario by using a typical project cost sheet.
![](https://www.proove.eu/images/uploads/trainings/Academy_targeted-audience.png)
Target audience
Planning engineers and other project members.
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