September 13-16, 2020 I Wherever You Are

Managing Project Budgets

Track 3: Business Acumen
September 15, 2020
1:30 pm - 2:30 pm

Managing Project Budgets

One of the primary tests of project success is whether it comes in on or under budget. Over budget is a project manager’s bad dream. As project lead, it is imperative that you measure and control costs through the life cycle of the project. You will need to understand the types of project costs and the functions of cost management that can include estimating, job controls, data collection, and accounting strategies. Learn how to determine a project budget and estimate the project costs. Then, get techniques for monitoring the project budget and determine the importance of project reserves. You’ll be able to:

  •     Identify the different processes in cost management
  •     Understand and use techniques used in determining the project budget
  •     Recognize the importance of management and contingency reserves 
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