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Plan Cost Management - Introduction

Effective cost management starts with clear planning. Understand the foundational principles of project cost management, including terminology, baselines, and measurement methods. Learn how to define responsibilities, reporting processes, and approval protocols that support consistent financial tracking.

Short Course
Beginner
30 Minutes
7-Day Access
0.5 CPD Hours, Digital Certificate
AUD $9.99
Who is this course for
  • Project Managers setting up cost management processes and approvals
  • Project Coordinators and Assistant Project Managers learning cost planning fundamentals
  • Finance and PMO Teams supporting cost control and reporting
  • Client-Side Project Leads reviewing financial governance and reporting accuracy
  • Anyone seeking to build a foundation in project cost management
What will I learn
  • What cost management means in project planning and delivery
  • Who is responsible for approvals, reporting, and stakeholder communication
  • How to create a structured, auditable plan for managing costs and performance
  • When to measure and report project costs throughout the lifecycle
  • Where to apply organisational cost policies and estimation standards
  • Why establishing baselines and metrics enables effective control
What’s covered in this course
  • The Purpose of Project Cost Management: Understand the role of cost planning and control, and how time, quality, and scope directly impact project cost.
  • What are some of the terms in Project Cost Management?: Learn key definitions including financial baseline, fixed cost, forecast to completion, actual cost, cost variance, and profit.
  • What are key elements of the Project Cost Management Plan: Explore how costs are measured, approved, and reported — and define who is accountable at each stage.
  • Information available to estimate the cost of a project: Review essential project inputs such as scope, schedule, resources, risk, and work breakdown structure used for cost estimation.
For more details on the course, click here to download course outline.
What this course focuses on

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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?

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