Objective: Build the foundation of cost management principles and terminology.
Topics Covered
Introduction to Cost Management
Role of a Certified Cost Manager
Cost Management Framework
Types of Costs
Fixed Cost
Variable Cost
Direct vs Indirect Cost
Cost Estimation Methods
Analogous Estimation
Parametric Estimation
Bottom-Up Estimation
Work Breakdown Structure (WBS) and Cost Allocation
Practical Session
Create WBS for a sample project
Basic cost estimation exercise
Objective:
By the end of this course, participants will be able to:
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Date: 13 - 17 Apr 2026
Duration: 5 Days
Venue: London
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