This unit describes the skills and knowledge required to assist in producing a project budget, to monitor project expenditure and contribute to cost finalisation processes.

It applies to individuals who are project practitioners working in a project support role.


  1. Assist in developing project budget
  2. Monitor project costs
  3. Contribute to cost-finalisation process

Upon successful completion of this unit, you will:

  • produce a project budget
  • closely monitor project expenditure
  • finalise project costs and make recommendations for possible improvements to future projects

Demonstrate knowledge of:

  • budgeting processes and their relationship to project life cycle
  • how to apply cost management tools and techniques

Nominal Hours: 40