Project Scheduling & Cost Planning Skills

Upcoming Sessions

Classroom sessions
Online sessions

Course Introduction

Time and money are among the most valuable resources in any organisation, and they often determine the success of a project. Since both resources are limited and cannot be recovered once spent, it is essential to manage them efficiently. This Project Scheduling & Cost Planning Skills training course focuses on practical methods to control time and budget while balancing other project requirements such as quality, resources, and risk.

Throughout the course, you will learn how to estimate project duration, costs, and resource needs at different stages of the project lifecycle. You will also gain the skills to build a realistic project schedule and cost plan that aligns with organisational constraints and project goals. By using proven estimation techniques, you will be able to develop accurate project timelines and budgets that support successful project delivery.

In addition, the course addresses the uncertainty that naturally exists in project planning. You will explore proactive risk management strategies and reactive issue resolution methods to handle deviations from the plan. This ensures that your project remains on track even when unexpected challenges occur.

  • Learn how to estimate project timescales and costs effectively
  • Develop a comprehensive project schedule and cost plan
  • Understand resource planning and control techniques
  • Apply risk management to support accurate estimates
  • Use corrective actions to maintain project limits and performance

Objectives

This training course equips attendees with essential skills to plan, monitor, and control project schedules and budgets. By the end of the course, participants will be able to confidently estimate, track, and manage project time and cost performance while applying risk management principles to maintain project integrity.

  • Estimate timescales, costs, and resources for project work
  • Determine the overall project schedule and cost plan
  • Apply risk management techniques to reduce uncertainty
  • Monitor and analyse project timescale and cost performance
  • Derive corrective actions to maintain project limits and targets
  • Understand how to recover project estimates through performance control

Training Methodology

This Project Scheduling & Cost Planning Skills training course is designed to combine theoretical concepts with practical application. Participants will explore key planning techniques through interactive lectures, real-life examples, and case-based discussions. The learning approach ensures that participants not only understand the concepts but also know how to apply them to real project situations.

Hands-on exercises are integrated throughout the course to reinforce learning and develop practical competence. Participants will practice estimating project duration and costs, developing schedules, and creating cost plans using proven methods. The course also includes risk assessment exercises to show how uncertainty can impact project estimates and how to mitigate those risks.

By using a blend of learning styles, the course ensures a deeper understanding of project scheduling and cost planning. Participants will leave with the ability to apply techniques such as Critical Path Method, resource planning, schedule crashing, and performance analysis to improve project outcomes.

Who Should Attend?

This Project Scheduling & Cost Planning Skills training course is ideal for professionals involved in planning, executing, or supporting project delivery. Whether you are new to project management or an experienced project leader, the course provides valuable tools to improve time and cost control.

The course is especially useful for individuals responsible for project estimating, budgeting, scheduling, and performance monitoring. It is also beneficial for finance professionals working closely with project teams, as well as project team members who need to understand how time and cost planning impacts project success.

  • Existing Project Managers
  • New Project Managers
  • Project Management Team Members
  • Project Team Members
  • Project Estimators
  • Project Finance Professionals

Course Outline

Day 1: Project Estimating Basics

  • Basic project management definitions
  • Triple constraints – Time, Cost, Scope
  • Project selection methods
  • Defining project scope
  • Cost & schedule estimation, Cost budgeting & control
  • Project schedule management using the Critical Path Method

Day 2: Developing Project Budget & Schedule Control

  • Resource requirements
  • Direct & indirect project costs
  • Planning and scheduling limited resources
  • Options for accelerating the schedule
  • Crashing the schedule - How?

Day 3: Managing the Risk

  • Risk identification, analysis & management
  • Contingency reserve
  • PERT, probability and standard deviation formulae
  • Network activity risk profiles
  • Application: Estimating project duration
  • Project risk strategies

Day 4: Measuring Project Performance

  • Critical chain analysis and use of buffers
  • Comparison of unbalanced with balanced schedules
  • Measuring planned progress on schedule
  • Risk distribution in contracting
  • Actual progress and work conditions
  • Managing variable conditions

Day 5: Managing and Recovering Project Estimates

  • Schedule variances & cost variances
  • Progress control charts -trend analysis
  • Schedule and cost variance forecasting
  • Schedule and cost recovery analysis
  • Schedule and cost recovery plan
  • Project recovery baselines and controls

Accreditation

PMI Approved Training Courses

Certificate

  • COPEX Certificate of Attendance will be provided to delegates who attend and complete the course

Material published by Copex shown here is copyrighted. All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.

Whats Makes Copex Courses Unique?

COPEX Training is your gateway to professional growth, with over 20 years of experience turning potential into success. Each year, we deliver over 1,000 courses in 50+ countries, earning a stellar 98% satisfaction rate. Trusted by global giants like BP, the United Nations, and HSBC, we partner with top certification bodies to provide career-focused training that empowers individuals and drives organizational breakthroughs. Our mission? To transform the way professionals learn and grow in today’s fast-changing industries. Through expert insights, cutting-edge methods, and hands-on approaches, we equip you with the skills and confidence to tackle challenges, seize opportunities, and thrive in your career.

Led by a passionate leadership team and supported by a network of world-class trainers, COPEX Training connects professionals worldwide with life-changing opportunities. We are committed to excellence, ensuring every participant leaves with the tools, expertise, and confidence to conquer an ever-evolving world.

Related Certificates

This training course is also a part of the 10-Day Titles
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Frequently Asked Questions

This FAQ section provides quick answers to the most common questions about our services, procedures, and policies. We aim to make your experience with us as straightforward as possible. For further assistance, our support team is ready to help.

Yes, and we'd love to make that happen. COPEX  specialises in fully customised in-house training, adapting course content to align with your organisation's unique goals, culture, and industry demands. Get in touch with us directly and we'll craft the right solution for your team.

Yes, the choice is yours. The Project Scheduling & Cost Planning Skills Training Course  runs in a traditional classroom setting across various international locations, and it's also available as a live online programme for those who prefer to learn from wherever they are. Pick the format that fits your lifestyle and schedule best.

Not at all. The Project Scheduling & Cost Planning Skills Training Course doors are open to everyone, regardless of your background or how many years you've been in the industry. That said, having some familiarity with the subject area can help you get even more out of the experience.

Our team is available around the clock — 24 hours a day, 7 days a week — ready to answer any question you have. Whether you need help choosing the right course, completing your registration, or sorting out logistics, we're here for you.

Expect an engaging, hands-on journey — not a room full of slides and passive listening. COPEX’s delivery blends presentations with group discussions, real-world case studies, practical exercises, and collaborative workshops. The goal is simple: everything you learn, you can use immediately back at work.

You'll be in good hands. COPEX hosts its courses in premium 4-star and 5-star hotels, with professional, fully equipped training spaces designed for focus and comfort. Throughout each day, you'll enjoy refreshment breaks with coffee and snacks, plus a complimentary lunch following every session.

This Project Scheduling & Cost Planning Skills Training Course welcomes professionals from all walks of corporate life — whether you're a seasoned manager, an emerging team leader, a subject-matter specialist, or simply someone driven to grow in their field. If you're serious about advancing your career and deepening your expertise, this course was built with you in mind.

Absolutely. Every participant who successfully completes the Project Scheduling & Cost Planning Skills Training Course earns an COPEX Certificate of Completion — a recognised mark of professional achievement. Depending on the specific course, it may also qualify for Training credits, which will be clearly noted in the course details.

Enquiry

We can customize this training course for you!

At Copex Training, we offer customizable courses designed to fit your specific needs. whether it's refining procurement practices or enhancing leadership and management skills, we tailor our programs to meet your unique goals and challenges. Let us create a training solution that delivers real results for your team.

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