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Course Summary
This course will cover how a project cost and price is constructed from the contract, and then managed through project delivery. It will include an overview of:
- Cost estimating techniques and accuracy;
- Time-phased budgeting, cash flow, and integrated baseline;
- How a project’s budget and schedule are integrated to forecast the project's cash-flow
- How to set the budget contingency and management reserve in response to risks and uncertainty;
- Selecting a contracting strategy;
- Financial elements of vendor bid analyses and frameworks - how to evaluate vendor bids using a fair and Consistent framework;
- Contract payment terms and penalties - how to meet and monitor compliance with contract terms and penalties;
- Change control and contract variations;
- How to respond to changes and decisions in evolving and uncertain conditions on-site communicating project budget information in status reports; and,
- Further opportunities to develop as a project professional
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contact training providerDisclaimer Training providers are solely responsible for the quality and accuracy of content about training courses listed on the Keystone website. Keystone Tasmania publicises this information in good faith as a service to industry practitioners. All bookings must be made directly with the training provider BEFORE applying for Keystone funding.