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Project Budgeting - How to Get to the Final Project Budget

Developing an accurate budget is one of the most important responsibilities of the Project Manager. Understand how to consolidate cost estimates, determine chargeable rates, and establish a financial baseline that reflects both expenses and revenue. Learn how factors such as client agreements, market conditions, and delegated authority influence the final approved budget.

Short Course
Intermediate
30 Minutes
7-Day Access
0.5 CPD Hours, Digital Certificate
AUD $9.99
Who is this course for
  • Project Managers who are responsible for developing and approving project budgets
  • Assistant Project Managers learning financial preparation and forecasting
  • Cost Controllers and Quantity Surveyors supporting project cost planning
  • Client-Side Project Leads reviewing or approving project financials
  • Anyone seeking to strengthen understanding of budgeting and baselining
What will I learn
  • What defines a project budget and how it links to estimated costs and revenues
  • Who holds delegated authority for budget approval and sign-off
  • How to align cost, revenue, and baseline data to manage performance effectively
  • When to establish, review, and finalise the project budgetto measure and report project costs throughout the lifecycle
  • Where internal policies, benchmarks, and market conditions influence pricing
  • Why budget approval and financial baselines are critical for project control
What’s covered in this course
  • Budgeted Cost: Understand how total project expenses are estimated and consolidated, including resources, materials, risk, and contingency.
  • Budgeted Revenue: Explore how chargeable works, milestones, and pricing mechanisms define project income and client billing.
  • Project Financial Baseline: Learn how approved budgets form the reference point for measuring financial performance and forecasting accuracy.
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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