Budget management, monitoring and analysis system

Interest and purpose of the training

By the end of the course, delegates will have:

• Understand the reasons for budgets and the importance of budgeting
• Understand management accounting concepts and tools
• Review how to set, manage and monitor budgets
• Explore techniques and methods for cost control and reduction
• Build an analysis system
• Review ways of applying all of the above to your Organization
• Keys to success

Course outlines

• Overview of a project and its budget
• Stakeholders of a project
• From needs to objectives
• The three-part work of a project: costs, deadlines, content
• Principles of cost estimation
• Cost estimation methods
• Structuring a project and estimating costs
• Levels of cost accuracy and life cycle of a project
• Budgeting
• Project planning and cost allocation over time
• Cost consolidation and budgeting
• Cost Management Plan and Budget Reference
• Control of the budget and closure of the project
• Synthesis and recommendations

Useful Information