Module 1: Introduction to Project Budgeting

• Project Cost Management Principles
• Types of Project Costs
• Developing a Work Breakdown Structure (WBS) for Budgeting
• Cost Estimating Techniques
• Practical session: Creating a project Work Breakdown Structure (WBS)

Module 2: Cost Estimation and Budget Development

• Detailed Cost Estimation Methods
• Creating a Project Budget Baseline
• Contingency Planning and Reserve Analysis
• Budgeting for Different Project Phases
• Practical session: Developing a project budget and contingency plan

Module 3: Budget Allocation and Control

• Allocating Budget to Project Activities
• Earned Value Management (EVM) Concepts
• Tracking Project Costs
• Controlling Budget Variances
• Practical session: Applying Earned Value Management (EVM) to a project scenario

Module 4: Risk Management in Project Budgeting

• Identifying Cost Risks
• Qualitative and Quantitative Risk Analysis
• Developing Risk Response Plans
• Monitoring and Controlling Cost Risks
• Practical session: Conducting a risk assessment for project costs

Module 5: Forecasting Project Costs

• Forecasting Methods and Techniques
• Estimating Costs to Complete (ETC)
• Estimating Costs at Completion (EAC)
• Forecasting Project Outcomes
• Practical session: Forecasting project costs using different methods

Module 6: Project Cost Analysis

• Analyzing Cost Performance
• Variance Analysis
• Trend Analysis
• Performance Reporting
• Practical session: Analyzing project cost performance and variances

Module 7: Budgeting for Resources

• Resource Planning and Estimation
• Developing a Resource Budget
• Resource Leveling and Smoothing
• Allocating and Tracking Resources
• Practical session: Developing a resource budget for a project

Module 8: Budgeting for Procurement

• Procurement Planning
• Developing a Procurement Budget
• Managing Procurement Costs
• Contract Cost Management
• Practical session: Developing a procurement budget

Module 9: Stakeholder Management and Budgeting

• Identifying Stakeholder Interests
• Communicating Budget Information
• Managing Stakeholder Expectations
• Involving Stakeholders in Budgeting
• Practical session: Developing a stakeholder communication plan for budget information

Module 10: Advanced Topics in Project Budgeting

• Agile Project Budgeting
• International Project Budgeting
• Program Budgeting
• Portfolio Budgeting
• Practical session: Comparing traditional and Agile project budgeting

Requirements:

·       Participants should be reasonably proficient in English.

·       Applicants must live up to Armstrong Global Institute admission criteria.

Terms and Conditions

1. Discounts: Organizations sponsoring Four Participants will have the 5th attend Free

2. What is catered for by the Course Fees: Fees cater for all requirements for the training – Learning materials, Lunches, Teas, Snacks and Certification. All participants will additionally cater for their travel and accommodation expenses, visa application, insurance, and other personal expenses.

3. Certificate Awarded: Participants are awarded Certificates of Participation at the end of the training.

4. The program content shown here is for guidance purposes only. Our continuous course improvement process may lead to changes in topics and course structure.

5. Approval of Course: Our Programs are NITA Approved. Participating organizations can therefore claim reimbursement on fees paid in accordance with NITA Rules.

Booking for Training

Simply send an email to the Training Officer on training@armstrongglobalinstitute.com and we will send you a registration form. We advise you to book early to avoid missing a seat to this training.

Or call us on +254720272325 / +254725012095 / +254724452588

Payment Options

We provide 3 payment options, choose one for your convenience, and kindly make payments at least 5 days before the Training start date to reserve your seat:

1. Groups of 5 People and Above – Cheque Payments to: Armstrong Global Training & Development Center Limited should be paid in advance, 5 days to the training.

2. Invoice: We can send a bill directly to you or your company.

3. Deposit directly into Bank Account (Account details provided upon request)

Cancellation Policy

1. Payment for all courses includes a registration fee, which is non-refundable, and equals 15% of the total sum of the course fee.

2. Participants may cancel attendance 14 days or more prior to the training commencement date.

3. No refunds will be made 14 days or less before the training commencement date. However, participants who are unable to attend may opt to attend a similar training course at a later date or send a substitute participant provided the participation criteria have been met.

Tailor Made Courses

This training course can also be customized for your institution upon request for a minimum of 5 participants. You can have it conducted at our Training Centre or at a convenient location. For further inquiries, please contact us on Tel: +254720272325 / +254725012095 / +254724452588 or Email training@armstrongglobalinstitute.com

Accommodation and Airport Transfer

Accommodation and Airport Transfer is arranged upon request and at extra cost. For reservations contact the Training Officer on Email: training@armstrongglobalinstitute.com or on Tel: +254720272325 / +254725012095 / +254724452588