Estimate Project Costs. Build Budgets. Measure Performance.
PROJECT COST CONTROL & EARNED VALUE MANAGEMENT
Learn how to estimate, budget, track, and forecast project costs. Develop practical Cost Control and Earned Value Management skills to understand project performance and support informed decisions.
Cost Estimating + Cost Control + Earned Value Management
Understand Project Costs from Planning to Completion
Effective cost management begins before the first expense.
This course starts with estimating and budgeting, then moves into tracking actual costs, measuring progress, and forecasting final costs. Through practical examples and project scenarios, you’ll learn how these processes connect—and how to identify when a project is moving away from its plan.
Apply the Concepts to a Project
Work through practical examples that connect an initial estimate to a budget, progress updates, earned value calculations, and a final cost forecast.
Learn to explain what the numbers mean, what may be driving performance, and what the project team should investigate next.
Who Is This Course For?
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Aspiring Cost Engineers and Project Controls professionals.
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Project managers, engineers, and project coordinators.
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Schedulers looking to expand into cost and performance analysis.
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Analysts who work with project budgets and reporting.
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Beginners interested in estimating, Cost Control, and EVM.
No previous Earned Value Management experience is required. We begin with the fundamentals.
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WHAT YOU WILL LEARN
Don't Just learn Project Cost Control and Earned Value Management. Practice It.
Throughout the course, you'll work through realistic project scenarios and hands-on exercises designed to simulate the work performed by Project Cost Analysts. Learn Cost Control Fundamentals, understand Earned Value Management, and how Cost Analysts support successful Project Management and Delivery.
Cost Estimating Fundamentals
Explore estimating approaches and learn how scope, quantities, rates, resources, and assumptions contribute to a project estimate.
Project Budgets & Cost Baselines
Turn estimates into organized budgets, understand contingency, and establish a baseline for measuring cost performance.
Cost Tracking & Control
Understand actual costs and remaining costs. Learn how to compare spending against the budget and identify potential overruns.
Earned Value Management
Understand Planned Value, Earned Value, and Actual Cost—and how they work together to measure project performance.
Measuring Progress & Earned Value
Explore methods for measuring completed work and calculating earned value based on project progress.
Cost & Schedule Performance Analysis
Calculate and interpret Cost Variance, Schedule Variance, Cost Performance Index, and Schedule Performance Index.
Forecasting Project Outcomes
Calculate Estimate at Completion, Estimate to Complete, and Variance at Completion. Understand how assumptions affect your forecast.
Reporting & Corrective Action
Communicate cost and performance trends, explain variances, and identify actions that can help address project issues.
What You’ll Be Able to Do
By the end of the course, you’ll be able to:
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Develop a basic project cost estimate using quantities, rates, and assumptions.
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Organize estimated costs into a project budget.
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Compare actual costs and progress against the baseline.
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Calculate and interpret key earned value metrics.
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Forecast final project costs using appropriate assumptions.
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Explain performance variances and communicate potential concerns.
MEET YOUR INSTRUCTOR
Learn Project Controls and Project Analytics from Clement Boateng, an Analytics Consultant and a Certified Project Management professional with extensive experience in Project Management, Project Controls and Data Analytics. Clement combines his project controls background with technical expertise in Power BI and Project Analytics to help professionals understand how project data can be used to monitor schedules, costs, and overall project performance. His approach focuses on practical, hands-on learning designed to help students build skills they can apply in real-world project environments and confidently pursue Project Controls and Analytics opportunities.
WHAT OUR STUDENTS ARE SAYING
WHAT JOBS CAN GET IN THIS FIELD?
Project Scheduling skills can prepare you for a variety of roles across construction, engineering, infrastructure, energy, and other project-driven industries.
Project Cost Analyst
Track project budgets, actual costs, forecasts, and financial performance while using EVM.
Project Controls Specialist
Analyze project schedules, costs, progress, and performance to help teams keep projects on track.
Assistant Project Manager
Support project planning, coordination, reporting, cost analysis, and overall project delivery.
Frequently Asked Questions
Do I need Cost Management experience?
Does this course include estimating?
Will I learn how to calculate EVM metrics?
Is this course suitable for schedulers?
Will I receive a certificate after Completion?
Will I have access to the course after it ends?
How does this course connect to the other CYC Skills courses?
Build Your Project Cost Management Skills
Learn how to develop estimates, control costs, and use earned value to understand project performance.
Want the complete learning path?
Enroll in the Project Controls Bundle to build your skills in Excel, Primavera P6 scheduling, Cost Control & Earned Value Management, and Power BI for Project Analytics.
PROJECT CONTROLS BUNDLE