MA6083 Project Budget and Cost Management

Course Provider

School of Mechanical and Aerospace Engineering (MAE)


Continuing Education and Training Certificate

Academic Unit



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.

Prerequisites: MA6081 and MA6082

This course is part of:

- Graduate Certificate in Project Management
- FlexiMasters in Project Management


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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.

  1. Understand how to plan the process of project cost management
  2. To gain an understanding of the various types of project costs.
  3. Learn the application of common forms of cost estimation techniques such as top down and bottom up costing.
  4. How to create time phased budget
  5. Understand top down and bottom up budgeting procedure and cost management.
  6. Learn how to apply the technique of cost control and EVM.
  7. To understand risk, risk analysis, risk contingency and how to mitigate risk.
  8. Learn “project life cycle costing” techniques and concepts of investment appraisal
  9. 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.

Standard Course Fee: S$3,888.00

SSG Funding Support

Course fee payable after SSG funding, if eligible under various schemes

Fee BEFORE funding & GST

Fee AFTER funding & 8% GST

Singapore Citizens (SCs) and Permanent Residents (PRs) (Up to 70% funding)



Enhanced Training Support for SMEs (ETSS)


SCs aged ≥ 40 years old
SkillsFuture Mid-career Enhanced Subsidy (MCES)
(Up to 90% funding)

• NTU/NIE alumni may utilise their $1,600 Alumni Course Credits. Click here for more information.

Read more about funding
MA6081 Fundamentals of Project Management3
MA6082 Management of Project Plan, Schedule and Resources3
MA6084 Procurement and Contract Management in Projects3
MA6085 Organization Culture and Leadership in Projects3

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.