Overview

Why Attend

The Project Cost Analysis, Control & Financial Performance Training Course provides practical knowledge and professional techniques for managing project costs, budgets, financial performance, and expenditure throughout the project lifecycle. The course focuses on Project Cost Control, helping participants understand how to establish realistic budgets, monitor actual costs, identify variances, and take corrective action to keep projects financially on track.

Offered as part of ’s Project Management Training Courses, this Management course explores earned value management, project budgeting, cost analysis, financial control, and forecasting. Participants will develop the skills required to evaluate financial performance, improve cost visibility, forecast project outcomes, and support informed project management decisions.

Course Objectives

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

Understand the core principles of Project Cost Control and project financial management.
Develop effective project budgets and cost baselines.
Apply cost analysis techniques to evaluate project expenditure.
Use earned value management to measure cost and schedule performance.
Identify cost variances and analyse their underlying causes.
Strengthen financial control throughout the project lifecycle.
Apply forecasting methods to predict future project costs and financial outcomes.
Monitor cash flow, commitments, expenditure, and cost performance.
Develop effective cost reporting and financial performance indicators.
Implement corrective and preventive actions to control project costs.
Improve financial decision-making and resource allocation.
Support successful project delivery within approved financial constraints.

Target Audience

Project Managers
Project Cost Controllers
Project Coordinators
Project Management Professionals
Project Finance Managers
Cost Engineers
Quantity Surveyors
Financial Controllers
Budget and Planning Professionals
Programme and Portfolio Managers
Engineering and Construction Professionals
Professionals responsible for project budgets and financial performance

Course Outline

Module 1: Fundamentals of Project Cost Control

Principles and objectives of Project Cost Control
Project cost management lifecycle
Cost control responsibilities and governance
Cost categories and cost structures
Establishing cost control frameworks

Module 2: Project Budgeting and Cost Baselines

Developing project budgets
Cost estimation techniques
Budget allocation and resource costing
Establishing cost baselines
Budget approval and control procedures
Managing budget changes

Module 3: Cost Analysis Techniques

Direct and indirect project costs
Fixed and variable costs
Cost variance analysis
Cost performance indicators
Root-cause analysis of cost deviations
Analysing cost trends and patterns

Module 4: Earned Value Management

Principles of earned value management
Planned Value, Earned Value, and Actual Cost
Cost Performance Index and Schedule Performance Index
Variance analysis
Measuring project performance
Applying EVM to project decision-making

Module 5: Financial Control and Cost Monitoring

Establishing financial control systems
Monitoring project expenditure
Commitment and cash-flow management
Financial reporting procedures
Cost tracking and documentation
Internal controls and accountability

Module 6: Project Cost Forecasting

Forecasting project costs and final expenditure
Estimate at Completion and Estimate to Complete
Trend analysis and forecasting models
Cash-flow forecasting
Identifying potential financial risks
Developing reliable financial projections

Module 7: Managing Cost Variances and Corrective Actions

Identifying budget overruns
Investigating cost variances
Developing corrective action plans
Managing scope and cost changes
Controlling unnecessary expenditure
Maintaining financial discipline

Module 8: Financial Performance Reporting

Project financial performance reports
Key financial performance indicators
Cost dashboards and management information
Communicating financial results
Management reporting and decision support
Improving project financial transparency

Module 9: Risk, Uncertainty and Cost Control

Identifying financial and cost risks
Contingency and management reserves
Cost risk assessment
Scenario and sensitivity analysis
Managing uncertainty in project forecasts
Integrating risk management with cost control

Module 10: Advanced Project Cost Control and Performance Improvement

Integrating budgeting, cost analysis, and forecasting
Improving project financial performance
Advanced cost-control strategies
Performance benchmarking
Optimising project resources and expenditure
Developing sustainable financial control practices

Schedule & Fees

2026 Schedule & Fees

There are no public sessions remaining for the course this year. Please contact us if you wish to have a customized in-house session, or to find out how an additional public session can be scheduled.

2027 Schedule & Fees

3 - 7 Jan, 2027

English

Per participant USD 2,900

3 - 7 Jan, 2027

Arabic

Per participant USD 2,900

17 - 21 Jan, 2027

English

Per participant USD 2,900

17 - 21 Jan, 2027

Arabic

Per participant USD 2,900

4 - 8 Apr, 2027

English

Per participant USD 2,900

4 - 8 Apr, 2027

Arabic

Per participant USD 2,900

18 - 22 Apr, 2027

English

Per participant USD 2,900

18 - 22 Apr, 2027

Arabic

Per participant USD 2,900

4 - 8 Jul, 2027

English

Per participant USD 2,900

4 - 8 Jul, 2027

Arabic

Per participant USD 2,900

18 - 22 Jul, 2027

English

Per participant USD 2,900

18 - 22 Jul, 2027

Arabic

Per participant USD 2,900

3 - 7 Oct, 2027

English

Per participant USD 2,900

3 - 7 Oct, 2027

Arabic

Per participant USD 2,900

17 - 21 Oct, 2027

English

Per participant USD 2,900

17 - 21 Oct, 2027

Arabic

Per participant USD 2,900