Budgeting & Cost Management- Estimating, Budgeting and Cost Control

Offered by: Lifa n Lúce Consultancy
Delivery Mode: In-person / Online / Blended
Target Audience: Project managers, department heads, finance officers, office administrators, and professionals involved in planning, estimating, budgeting, or cost oversight
Objective: To equip participants with practical tools and techniques to estimate costs, prepare accurate budgets, manage expenditures, and maintain financial control across projects and operations.

• Understanding types of cost estimates (preliminary, definitive, etc.)

• Identifying cost elements: direct, indirect, fixed, variable

• Estimating methods: top-down, bottom-up, parametric, analogous

• Cost drivers and forecasting demand

• Building cost estimation templates and checklists

• Budgeting fundamentals: objectives, constraints, and process

• Preparing operational, capital, and project budgets

• Allocating resources based on priorities

• Aligning budgets with organizational goals and KPIs

• Integrating contingency and reserves in budgets

• Tracking budget vs. actuals

• Cost control systems and tools

• Variance analysis and corrective action planning

• Managing scope creep and cost escalations

• Establishing approval workflows and financial discipline

• Creating dashboards and financial reports

• Interpreting financial data for decision-making

• Cash flow and break-even analysis

• Key performance indicators for budgeting and cost control

• Continuous improvement and lessons learned for future planning

• Real-world case studies and simulation exercises

• Budgeting templates, spreadsheets, and trackers

• Excel-based cost analysis tools

• Certificate of Completion

• Optional: Post-training coaching or budget review support