Project Cost Estimation and Cost Control

OBJECTIVE Training Project Cost Estimation and Cost Control

After completing the course, participants should have:

1. In-depth knowledge and understanding about project cost planning and control
2. To integrate and implement the ability. Various project management tool (WBS, Gantt Chart, Network, etc) with cost accounting concept and techniques (Job Order Costing, Variance Analysis, etc). In project planning and control
3. The ability to design a reliable, effective and efficient project cost accounting system
4. The ability and capacity to analyze and evaluate cost data and be able to prepare propose and decide action in order to control a preventive and corrective the project cost

OUTLINE Training Project Cost Estimation and Cost Control

1. Project Management and Cost Accounting Review

• Definition, Concepts, Technique and project planning and control tools.
• Cost Concept, Cost System and Accumulation

2. Project Cost Estimation

• Definition, classification, journal and accumulation
• Project Costing; Man Power, Material, Equipment, Overhead and Pre Project Costing

3. Project Cost Control

• Standard Costing: Definition, Setting The Standard, Cost Variance Analysis, Man Power, Material and Overhead
• Cost Control: Reporting, Analysis and Evaluation

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