What is the first prerequisite of a successful project? It is, undoubtedly, its careful and quality budgeting and cost control plan. The correspondence course in Project Cost Control will help one understand the importance of the cost control in the development and management of a project. While this correspondence course is usually quite short in length, it provides a person with the fundamental cost control terminology, and methodology. It is important that the course should center not only on the theoretical approach to cost control, but also emphasize the practical skills connected with the subject. Sometimes students are offered several life-like cases to implement their new-gained knowledge into practice.
 The topics covered throughout different courses may differ, but they often include the following: Cost Control in Project Management; Budgeting, Management and Cost Control; Change Control Principles. Upon completion of the course, successful students will have developed understanding of the cost control as a part of the project management process, factors that influence the cost control decisions and the ability to interpret cost control reports prepared by others.
Who Should Attend
While every person can benefit from the course and its curriculum, the greatest advantage will gain persons who participate in some way in the industrial projects preparation and implementation. The latter include such specialists as:
• Directors or project managers
• Finance managers or project executives
• Project engineers
• Cost estimators
• Purchase department staff
• Tendering team staff
• Discipline leads
• Project cost engineers
• Work preparators
• People involved in technical projects, cost control and planning etc.
Certain level of cost engineering knowledge or at least understanding of the essential finance principles are required to succeed in this correspondence course.
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