PROJECT PLANNING AND BUDGETING

Course Overview

Effective project planning and budgeting are essential for delivering projects on time, within scope, and within approved financial limits. This course provides participants with the practical knowledge and tools required to plan projects systematically, allocate resources efficiently, develop realistic budgets, and monitor financial performance throughout the project lifecycle.

Participants will learn how to define project objectives, create work breakdown structures, develop schedules, estimate costs, manage risks, and control budgets to ensure successful project outcomes. The course also explores best practices in forecasting, cost control, reporting, and decision-making to improve overall project performance.

Course Objectives

By the end of this course, participants will be able to:

• Understand the principles and processes of project planning and budgeting
• Define project scope, objectives, and deliverables clearly
• Develop work breakdown structures (WBS) and project schedules
• Estimate project costs using appropriate budgeting techniques
• Allocate resources effectively to meet project requirements
• Identify financial risks and incorporate contingencies into budgets
• Monitor project expenditures and control costs during execution
• Use key performance indicators (KPIs) to track project progress
• Prepare project reports and communicate budget status to stakeholders
• Apply best practices to deliver projects on time and within budget