Need more than a quick skills boost?

Explore smarter learning options — from just a few dollars per course.
explore
(From AUD $99.00)
explore collections
(From AUD $99.00)
explore bundles
(From AUD $169.00)

Want to go beyond one target topic?

Explore smarter learning options — from just a few dollars per course.
explore
(From AUD $99.00)
explore collections
(From AUD $99.00)
explore bundles
(From AUD $169.00)

Not ready for the full program?

Explore smarter learning options — from just a few dollars per course.
explore
(From AUD $99.00)
explore collections
(From AUD $99.00)
explore bundles
(From AUD $169.00)

Estimate Project Costs - Predicting Quantity, Cost, & Price of Resources

Accurate cost estimation lays the foundation for a successful project. This course explores the principles, terminology, and methods used by Project Managers to predict quantity, effort, cost, and price. You’ll learn how to select appropriate estimating techniques, differentiate between direct and indirect costs, and input costs correctly into project schedules.

Short Course
Intermediate
30 Minutes
7-Day Access
0.5 CPD Hours, Digital Certificate
AUD $9.99
Who is this course for
  • Project Managers seeking to strengthen their financial and estimating capability
  • Assistant Project Managers who are responsible for developing or reviewing work package budgets
  • Development Managers and Facilities Managers who allocate project costs and oversee procurement
  • Client-Side Project Leads reviewing consultant or contractor cost estimates
  • Anyone looking to improve their understanding of cost drivers and project financial planning
What will I learn
  • What defines an estimate, effort, cost, and price — and how they interrelate across a project lifecycle
  • Who is responsible for cost estimation, validation, and approval within the project team
  • How to apply methods such as expert judgement, analogous, parametric, three-point, data analysis, and bottom-up estimating
  • When to apply different estimation techniques across planning, design, and delivery phases
  • Where cost inputs are captured and categorised within the work breakdown structure
  • Why accurate cost estimation is essential for forecasting and financial governance
What’s covered in this course
  • Some definitions and terminologies: Learn the key cost management terms — estimate, effort, cost, price, budget, and baseline.
  • Cost Estimating Techniques: Explore six major approaches — expert judgement, analogous, parametric, three-point, data analysis, and bottom-up estimating.
  • Cost Estimating Work Packages: Identify and itemise cost areas within each work package, including supplier, subcontractor, resource, and contingency costs.
  • Estimating Supplier and Subcontractor Costs: Understand the procurement process and the inclusion of management, risk, and contingency expenses.
  • Direct and Indirect Costs: Distinguish between capitalisable and non-capitalisable project costs.
  • Capitalised Cost criteria: Recognise when a project can be classified as a capital asset.
  • Cost Allocation: Learn to apply cost centre codes and organisational accounting standards.
  • Allocating Costs: Assign correct cost categories to each work package using consistent templates.
  • Allocating the Cost of Risk: Attribute risk costs accurately across work packages and aggregate total contingency values.
  • Calculating the Cost of Quality: Capture quality assurance and testing costs as part of project budgeting.
  • Inputting Project Costs into the Project Schedule: Integrate cost data with the project schedule to align time, budget, and performance tracking.
For more details on the course, click here to download course outline.
What this course focuses on

Curious about the learning path?

Curious about the course?

What our learners say about our course...

No items found.

Frequently Asked Questions

No items found.

Frequently Asked Questions

How do I sign up for the course?

You can sign up for a short course or applied mini course via the "Enrol Now" button in the course page.

When can I start the course?

If you've purchased the short course/applied mini course, you will gain immediate access to the online learning platform and will be able to start your learning anytime.

How can I access the course after signing up?

If you've purchased our short course/applied mini course, you will receive a login email with the link to access the online learning platform and course.

What do the course cost?

Our pricing varies depending on the courses. You can find the course fee detail on the course page. Alternatively, you can contact Karen and her team at info@skillingseducation.com.au if you would like to book a time to go through what’s right for you.

Am I a good candidate for this course?

If you are looking for a course of study for yourself or need cross train staff across a related course of study - you are in the right place.

Can this course satisfy my professional development requirements?

Yes, we have global organizations using our training programs to meet the needs of cross training their employees across specific course libraries. Whether it be professional development where the user gets control of the content they pull, or whether you need a curated course program that pushes content specific to the requirement of the team, we can help.

Is there a time limit to complete the course once enrolled?

Each course has its own recommended reading time, therefore your course duration may vary based on the course structure. You can find the detail of your course access period in the course page.

Have questions or want to speak with someone before enrolling?

contact us now!

Want to go further? Explore other learning formats:

applied mini courses
(From AUD $17.99)
curated learning paths
(From AUD $180.00)
collections/bundles
(From AUD $99.00)

Explore more ways to build your skills:

short courses
(From AUD $9.99)
curated learning paths
(From AUD $180.00)
collections/bundles
(From AUD $99.00)

Prefer standalone courses or applied practice? Explore:

short courses
(From AUD $9.99)
applied mini courses
(From AUD $17.99)
collections/bundles
(From AUD $99.00)