Introduction to Budgeting and Cost Control
This in-person course has been designed by our industry experts and will take learners through an overview of Budgeting and Cost Control. An industry expert will explain the basics of Budgeting, why we do it and how it works. The module will include hands on elements such as how to accurately create budgets from a Cost Estimate and much more!
The course will be delivered by one of our ECITB approved trainers in a day. The day will include teaching, in-classroom exercises, discussions, and a final exercise. The outputs of this exercise will be presented to the trainer and feedback on this work will be given.
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*This module and the Cost Management Module must be completed together to qualify as an ECITB course*
Course Contents
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What is Budgeting?
Purpose of Budgeting
Cost Breakdown Structures
Developing a Project Budget
Alignment of a CBS with Financial Systems
Budgets versus Funding
Control Accounts
Real World Applications
Exercises – Build a Budget for a Mock Project