• L&T Institute of Project Management

  • L&T Institute of Project Management

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Essentials of Cost Management - Planning and budgeting, monitoring and control and forecasting

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Cost Management directly affects the profitability on any project.

Establishing cost baseline and monitoring costs closely is very important for assuring predictable cost performance on a project. This course is focused on different aspects of Cost Management Concepts such as Cost Elements, Revised Cost Estimation & Budgeting by using ACE (Accepted Cost Estimate), Cost Performance Monitoring & Control process including usage of trending & forecasting tools like EVM (Earned Value Management) and variance & reporting tools like JCR (Job Cost Report).

 

Target Audience: Tier-1 to Tier-2

Program Manager: Hiren Maniar

Duration: 2 Days (16 hours)

 

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