Track progress on project cost management and financial control by earned value rather than by activity completed.
Cost Management and Financial Control for Engineering and Commercial Projects
Build a working method for project cost management and financial control that stands up to scrutiny and survives daily pressure.
📍 Cairo🗓️ 5 training days📚 4 modules🎓 Accredited certificate
5intensive training days
4scientific modules
8training sessions
32detailed points
Course Overview
Stakeholders withdraw support for project cost management and financial control quietly before they withdraw it formally. A schedule for financial control without a critical path is a wish list with dates. Across sectors, teams that rehearse the wider project and portfolio delivery agenda outperform teams that only plan it. The method assumes participants will be challenged on their handling of project cost management and financial control and prepares them for it. The result is the confidence to make and defend decisions about this area of project and portfolio delivery under scrutiny. It establishes a shared vocabulary for financial control so that teams can disagree productively about it. The material serves both public bodies and commercial organisations dealing with project cost management and financial control. The difficulty is not agreeing that financial control matters — it is deciding what to stop doing to make room for it. The course ends by identifying what the participant will stop doing to make the practice within project and portfolio delivery sustainable.
Expected Learning Outcomes
Define the scope of financial control precisely, including what is explicitly excluded.
Estimate cost and effort for project cost management and financial control using more than one method.
Establish escalation routes for financial control that work outside normal hours.
Identify and quantify the risks to project cost management and financial control and assign owners.
Establish what evidence would demonstrate that financial control is under control.
Compare the organisation's handling of project cost management and financial control with recognised practice, and close the material gaps.
Who Should Attend
Procurement and contracting staff whose agreements set obligations around project cost management and financial control.
Team members preparing to take on project responsibility for financial control.
Risk managers supporting project cost management and financial control.
Compliance and governance staff whose remit includes financial control.
Business change managers handling adoption of project cost management and financial control.
Programme and portfolio managers overseeing financial control.
Course Modules
Project cost management and financial control: schedule, critical path and realistic duration
2 sessions · 8 pointsSession 1Closing project cost management and financial control and capturing what was learned
- Write the scope statement for project cost management and financial control including explicit exclusions.
- Prepare the response for the most likely failure in financial control.
- Assign responsibility for keeping documentation of project cost management and financial control current.
- Confirm that contractual obligations around financial control are understood.
Session 2Closing out financial control and capturing what was learned
- Identify where judgement in project cost management and financial control is legitimate and where it is not.
- Set escalation thresholds for financial control that work out of hours.
- Rank the weaknesses in project cost management and financial control by consequence rather than by ease of fixing.
- Set the change control process for financial control and require cost and time impact.
Financial control: procurement, contracts and suppliers
2 sessions · 8 pointsSession 1Estimating financial control without anchoring on the answer wanted
- Review at each gate whether project cost management and financial control should continue at all.
- Define acceptance criteria for each deliverable of financial control.
- Define the decision gates for project cost management and financial control and what evidence each requires.
- Build the competence framework that supports financial control.
Session 2Recovering financial control when it is behind
- Rehearse the briefing on project cost management and financial control that would follow an incident.
- Set out how exceptions to financial control are requested and approved.
- Archive the decision record for project cost management and financial control so successors understand it.
- Plan the sequence in which improvements to financial control will be introduced.
Financial control: risk identification, quantification and ownership
2 sessions · 8 pointsSession 1Reviewing financial control when nothing has gone wrong
- Compare resource demand from project cost management and financial control against other commitments.
- Prepare the recovery plan for financial control before it is needed.
- Plan handover of project cost management and financial control to the team that will operate it.
- Register the risks to financial control with owner, probability and impact.
Session 2Keeping stakeholders of project cost management and financial control genuinely supportive
- Measure progress on project cost management and financial control by value earned, not tasks ticked.
- Build reporting on financial control that surfaces problems while they are small.
- Identify the critical path through project cost management and financial control and the float elsewhere.
- Remove steps in financial control that add effort without adding assurance.
Financial control: scope definition and exclusions
2 sessions · 8 pointsSession 1The cost of financial control and how to present it
- Agree the indicators that will show whether project cost management and financial control is improving.
- Estimate financial control using two independent methods and reconcile the difference.
- Establish who is informed, consulted and accountable in project cost management and financial control.
- Define how the benefit from financial control will be measured after closure.
Session 2Measuring progress on financial control honestly
- Close out actions on project cost management and financial control rather than leaving them open indefinitely.
- Agree the escalation threshold for financial control in advance.
- Name a single owner for each element of project cost management and financial control.
- Record the rationale for each significant choice made about financial control.
Choose the package that suits you
Silver Package
At least 3 people
USD1,250
- Workshop or Program Participation
- Airport Transfers
- Customized Badge
- Expert Mentorship (Private Sessions)
- Supervision & Secretarial Services
- Accredited Certificate of Participation
- Complete Training Kit
- Coffee Break
- Closing Ceremony
Gold Package
At least 3 people
USD1,850
- 5-night stay in a 5-star hotel
- Workshop or Program Participation
- Airport Transfers
- Customized Badge
- Expert Mentorship (Private Sessions)
- Supervision & Secretarial Services
- Accredited Certificate of Participation
- Complete Training Kit
- Coffee Break
- Closing Ceremony
Complete your registration
We will contact you within one business day to confirm.