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Introduction
This course introduces concepts of project cost management and budget control and aims to develop a comprehensive understanding of how principles, methods, and tools of the management of project costing, budget management and cost control are applied in the management of projects. This course places project cost and budget controls, as the core of the project management process and ensures that students understand and apply appropriate techniques to estimate project cost and control the budget and resources of the overall project.
This course is part of:
- Graduate Certificate in Project Management
- FlexiMasters in Project Management
Download Learning Pathway e-Guide
The course aims to enable students to understand the application of the concepts such as planning the cost management process, different costing techniques, time-based budget preparation and project cost control. One of the key objectives is for students to deliberate the ways students can use and apply this course knowledge to enhance students' organizational experiences. This is achieved by the application based assignments and exercises, that can be used to enrich students' learning experience of Project Budget and Cost Management.
- Understand how to plan the process of project cost management
- To gain an understanding of the various types of project costs.
- Learn the application of common forms of cost estimation techniques such as top down and bottom up costing.
- How to create time phased budget
- Understand top down and bottom up budgeting procedure and cost management.
- Learn how to apply the technique of cost control and EVM.
- To understand risk, risk analysis, risk contingency and how to mitigate risk.
- Learn “project life cycle costing” techniques and concepts of investment appraisal
- Application of the above concepts of Project costing and Budget management to actual projects in the student’s own organization.
Executives/Managers (Project Financing), Project Engineers, Project Managers, Software Development Managers, Business Analysts and/or Non-managers who desire to move to Project Management Related roles.
Learners are strongly recommended to complete MA6081 Fundamentals of Project Management and MA6082 Management of Project Plan, Schedule and Resources as pre-requisites.
Brief screening/shortlist of applicants involved in this course.
Standard Course Fee: S$3924
SSG Funding Support | Course fee | Course fee payable after SSG funding, if eligible under various schemes | |
BEFORE funding & GST | AFTER funding & 9% GST | ||
Singapore Citizens (SCs) and Permanent Residents (PRs) (Up to 70% funding) | S$3,600 | S$1,177.20 | |
Enhanced Training Support for SMEs (ETSS) | S$457.20 | ||
SCs aged ≥ 40 years old | |||
- Standard course fee is inclusive of GST.
- NTU/NIE alumni may utilise their $1,600 Alumni Course Credits. Click here for more information.
Assoc Prof Sivakumar Appa Iyer
He has many years of industrial and research experience in the UK prior to the post in Singapore in 1993. He received a Bachelors of Engineering in Manufacturing Systems Engineering and a PhD in Manufacturing Systems Engineering from University of Bradford, UK. He has made many contributions at international conferences and journals (over 48 international journal papers and over 66 international conference proceedings papers, one Book on Management Research Methodology). He has trained and supervised a number of PhD students (7 graduated PhD students) and many Master’s level students. He leads a research group in Operations Research which focuses on the area of in Manufacturing Systems and Health Systems.
Dr. Sivakumar currently serves as the Director of the NTU Undergraduate Research Experience on CAmpus (URECA) programme (http://www.ntu.edu.sg/ureca/). Dr. Sivakumar was formerly the Associate Chair Graduate Studies School at the School of Mechanical and Aerospace Engineering, NTU from 2009-2012 and the Chairman of the school’s Engineering Innovation and Design (EID) programme from 2002-2008.
| COURSE TITLE | ACADEMIC UNIT |
| MA6081 Fundamentals of Project Management | 3 |
| MA6082 Management of Project Plan, Schedule and Resources | 3 |
| MA6084 Procurement and Contract Management in Projects | 3 |
| MA6085 Organization Culture and Leadership in Projects | 3 |
Listed courses are:
- Credit-bearing and stackable to Graduate Certificate in Project Management (total 9AUs) and FlexiMasters in Project Management (total 15AUs).
- SSG funded and SkillsFuture Credit approved.
