Project Results with Resources: Understanding Costs & Budgeting

If you don’t know your project costs, how can you possibly give a price?

Proper estimation of project timing and costs are vital in any project, especially one where a customer wants to know the price before signing a contract. They might even ask for fixed price, leaving you in a quandary of not knowing what to charge them yet afraid of being undercut by your competitors. So let’s properly understand our costs and pricing.

Course Synopsis

How project costs are estimated, derived and stacked is vital knowledge when planning any project, both for internal projects but especially when the project is for paying clients. We’ll look at margins, reserves, project budgets and the effects of uncertainty, risks and change requests on project outcomes. This interactive course, with exercises leads to well–costed and priced project proposals.

By the end of this course, you will be able to select, propose, plan and price a project so as not to lose money during execution.