UNSW Canberra

Project Cost and Financial Analysis

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Enrol

This course currently has no scheduled dates. To express interest in this course or to discuss bespoke options for yourself or your organisation, please submit an expression of interest or contact the Professional Education Team on +61 2 5114 5573 or profedcourses@adfa.edu.au
Duration

2 days

Delivery mode

Online

Location

Online 

Capacity

30

Standard price

$1,710.00

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Overview

This course introduces attendees to the underlying principles and practice of managing project cost management and budget. It covers the body of knowledge needed for effective management of projects addressing techniques for project cost management, budgeting and financial analysis; progress reporting and project control such as earned value management (EVM).

The course includes a number of practical exercises to reinforce attendees’ understanding of the relevant concepts and techniques and to allow application of the gained knowledge to real-life projects. The exercises are conducted as a combination of tutorials and activities that step through the various activities, focusing on budgeting management, financial and project control.  The course is ideally suited to those who are new to project budgeting and control methods; no prior knowledge or experience is assumed.

This is a Module of Project Schedule and Budget Control that is a 3 days course.

Course content

Project Cost Management 

  • Financial Analysis | Cost Benefit Analysis | Cost estimating | Cost baseline | Budgeting | Cost control

Project Budgeting Exercise

  • An exercise focussed on project cost management, development of cost baseline and project budget.

Project Control

  • Earned value management (EVM)

Project Control Exercise

  • An exercise to reinforce project control techniques such as EVM.

Project Financial Analysis and Project Selection

  • Financial Analysis (NPV, IRR, ROI, Payback analysis, etc.) | Weighted Scoring Model

Project Financial Analysis Exercise

  • An exercise to reinforce financial analysis for project selection techniques such as NPV, IRR, ROI, Payback analysis, etc.

Learning outcomes

Skills/competencies/knowledge that would be gained through this course:
  • Know various techniques for project cost management and budgeting.
  • Analyse the financial aspects of projects and develop a time-phased project budget.
  • Analyse and control the progress of the project over time.

Who should attend

Anyone requiring an understanding of project management, including, but not exclusive to:

  • Project and program managers
  • Sustainment and acquisition project managers
  • Aspiring project managers
  • Cost analysts
  • Schedule analysts
  • Systems engineers
  • Technical staff
  • Logistic managers
  • Capability development staff
  • Infrastructure Planners
  • Capability managers
  • Contract/Procurement managers
  • Engineers
  • Engineering managers
  • Business managers
  • Procurement officer

Facilitator

Dr Alireza Abbasi

Dr Alireza Abbasi is Director of Postgraduate Studies and Coordinator of Project Management programs at UNSW Canberra. He obtained his PhD in Project Management from the University of Sydney in 2012 before joining the School of Engineering & Information Technology (SEIT) at UNSW Canberra. He also holds a graduate certificate in University Learning and Teaching from UNSW Sydney. His research and teaching interests include project management, management science, information systems management and network science. He has written a book, three book chapters and more than 60 technical journal and conference papers.  

Dr Abbasi has had several appointments and been involved in different projects in IT/Software, oil, education and R&D sectors. He is an active member of several professional bodies including the Australian Institute of Project Management (AIPM), Project Management Institute (PMI), and Australian & New Zealand Academy of Management (ANZAM).

Cancellation policy

Courses will be held subject to sufficient registrations. UNSW Canberra reserves the right to cancel a course up to five working days prior to commencement of the course. If a course is cancelled, you will have the opportunity to transfer your registration or be issued a full refund. If registrant cancels within 10 days of course commencement, a 50% registration fee will apply. UNSW Canberra is a registered ACT provider under ESOS Act 2000-CRICOS provider Code 00098G.