Project Scheduling & Cost Planning Skills (PM-006) Training Course

Project Scheduling & Cost Planning Skills

Course Introduction Time and money are among the most valuable resources in organizational life and often serve as critical success criteria for projects. Given their…

5 daysClassroom

14Upcoming dates

14Cities

£2,250Fees from

Course overview

Course Introduction

Time and money are among the most valuable resources in organizational life and often serve as critical success criteria for projects. Given their finite nature and the fact that they cannot be reclaimed once spent, effective management of these factors is crucial. This Project Scheduling & Cost Planning Skills training course delves into strategies for managing both time and budget while balancing other key elements such as quality, resources, and risk. You will explore estimation techniques relevant to various stages of the project lifecycle, learn how to derive the overall cost and timeline, and ensure these align with project constraints. The course also covers how to address the uncertainty inherent in estimates through proactive risk management and reactive issue resolution techniques.

Training Objectives

This training course enables attendees to:

Estimate Timescales, Costs and Resources for Project Work
Determine the Overall Project Schedule and Cost Plan
Apply Risk Management Techniques
Monitor and Analyse Project Timescale and Cost Performance
Derive Corrective Actions to Maintain the Integrity of Project Limits

Who should Attend?

This training course is suitable to a wide range of professionals, but will greatly benefit:

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

Course outline

1Day One: 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

2Day Two: 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?

3Day Three: 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

4Day Four: 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

5Day Five: 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

Frequently asked questions

How long is the Project Scheduling & Cost Planning Skills course?

The course runs over 5 days of classroom training, usually Monday to Friday.

When is the next Project Scheduling & Cost Planning Skills course?

The next public date is 16 - 20 Nov 2026 in Barcelona. There are 14 upcoming dates in total.

Where is this course held?

Upcoming sessions run in Barcelona, Dubai, Cape Town, Amsterdam, London, Istanbul, Munich, Paris, Frankfurt, Kuala Lumpur, Rome, Vienna, Geneva, Madrid.

How much does the course cost?

Fees start from £2,250 per delegate, depending on the city. Fees include tuition and course materials.

Do participants receive a certificate?

Yes. Delegates who complete the course receive a London Leadership Management Innovation certificate of completion.

Can this course be delivered in-house for our team?

Yes. LLMI can tailor and deliver this course privately for your organisation at your premises or in one of our training cities.

Course information last updated 14 November 2026.

Project Scheduling & Cost Planning Skills

Course overview

Course Introduction

Training Objectives

Who should Attend?

Course outline

Dates and fees

Frequently asked questions

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