Participants will gain hands-on experience with industry-standard tools and frameworks, enabling them to handle real-world challenges in budgeting and cost management.

By the end of this training course, participants should be able to:

• Develop comprehensive project budgets linked to activity schedules.
• Apply cost estimation techniques and integrate them into project planning.
• Perform resource leveling and allocation to optimize project timelines and costs.
• Use earned value management (EVM) for monitoring project performance.
• Address cost overruns through proactive control strategies.
• Understand the responsibilities of field administrators in managing project documentation and resolving disputes.
• Successfully manage contract close-out processes and prepare financial reconciliations.

• Project Managers and Coordinators
• Construction Field Administrators
• Contract Managers
• Site Supervisors and Engineers
• Professionals involved in cost estimation, resource allocation, or project scheduling

This course employs a mix of theory, case studies, hands-on exercises, and interactive discussions. Participants will work on real-life scenarios and simulations to apply budgeting and cost management principles. Tools like Microsoft Project and Excel may be used to demonstrate practical applications.

Module One: Fundamentals of Project Scheduling and Cost Estimation

• Importance of scheduling in project budgeting
• Cost estimation techniques: Analogous, Parametric, and Bottom-Up
• Linking activity duration to project costs
• Hands-on: Develop a basic schedule and estimate costs

Module Two: Resource Management and Cost Optimization

• Resource profiling and allocation strategies
• Techniques for resource leveling and smoothing
• Cost implications of schedule compression (e.g., crashing and fast-tracking)
• Practical Exercise: Perform resource leveling using provided tools

Module Three: Earned Value Management and Field Administration

• Understanding CPI, SPI, and variance analysis
• Field administrator responsibilities in cost control
• Monitoring and documenting progress on-site
• Case Study: Manage cost overruns using EVM metrics

Module Four: Contract Close-Out and Advanced Case Study

• Contract close-out processes and reconciliation
• Preparing and presenting field reports
• Simulation: Participants manage a project budget, adapt to changes, and handle disputes
• Final project presentation and group discussion

RECTUS attendance certificate will be issued to all attendees completing minimum of 80% of the total course duration