This single unit course describes the skills and knowledge required to identify, analyse and refine project costs to produce a budget, and to use this budget as the principal mechanism to control project cost.

The unit applies to individuals responsible for managing and leading a project in an organisation, business, or as a consultant.


  • Determine project costs
  • Monitor and control project costs
  • Complete cost-management processes

Upon successful completion of this unit, you will:

  • Manage project cost on at least two occasions.

In the course of the above, the candidate must:

  • monitor costs across a project’s life cycle including solving cost variations and analysing possible alternatives
  • record expenditure, create accurate financial reports and review cost-management processes

Nominal hours = 40