In the field of project management, two common areas of project over-run are time and cost factors. So, if you’re in the business of managing a project, no matter how simple or complex, this course is ideal professional development for you.
The Certificate of Project Time and Cost Management is an online professional development course that will develop the skills required to effectively manage the schedule and budget of a project.
In this project time and cost management course you will learn how to effectively manage the time and cost constraints of a project to achieve project success as part of the ‘triple constraint’.
You will discover tools and techniques crucial to effective project management, including activity definition processes, work breakdown structure, precedence and arrow diagramming methods and milestone trend analysis.
You will also learn about earned value management and how to establish this within a project to be able to report on project status and forecast future performance.
On completion of this course you will have gained solid schedule and budget management skills to enhance your project management performance for an organisation or company.
Course Structure
Unit 1 - Manage project time
- Manage project time
- Project scheduling
- Project time management processes
- Activity definition process
- Work Breakdown Structure (WBS)
- Inputs and outputs
- Project scope
- Tools and techniques
- Activity sequencing process
- Milestones
- Precedence Diagramming Method (PDM)
- Arrow Diagramming Method (ADM)
- Dependencies
- Project network diagrams
- Resource estimating process
- Project calendar
- Duration estimating
- Parametric estimating
- Constraints
- Critical path
- Schedule compression
- Resource levelling
- Critical chain method
- Schedule control process
Unit 2 - Manage project cost
- Manage project cost
- Project cost management
- Job costing
- Double-entry accounting
- Cost-benefit analysis
- Risk management analyses
- Budgets
- Cash flow budget
- Cost accounting
- Developing a project budget
- Responsibility accounting
- Budgets and controls
- Capital budgets
- Break-even analysis
- Financial cost analysis
- Cost management plan
- Earned value management (EVM)
- Variances
- Ratio analysis
- Variance analysis reports
- Project outcomes
- Milestone trend analysis (MTA)
Assessment
Assessment Information
When you study with Australian Online Courses, you will be assessed using a competency-based training method.
Competency-based training focuses on the achievement of skills and knowledge against set criteria to meet industry-standard and is not benchmarked against other students’ work.
In this course, the assessment will be comprised of written assignments and exercises, which may include short answer questions, reports, essays, research projects and reflective tasks.
If you do not achieve a competency result on your first attempt, you have two more attempts to pass your assessment. So, you have three attempts in total to obtain a competency result.
In this way, you can complete your course in your own time and at your own pace with the assistance of unlimited tutor support.
Course FAQs
Why Choose Australian Online Courses?
- Professional development that is widely recognised and respected;
- Improve your employment opportunities;
- Study online, anywhere via our elearning system;
- High-quality professional development programs written by industry experts;
- No entry requirements;
- All course materials provided online – no textbooks to buy;
- Unlimited tutor support;
- Easy to understand course content;
- Twelve (12) months’ access, with extensions available upon application (fees apply);
- Certificate of Attainment/Completion issued for your CV (hard copy provided); and
- Course may be tax deductible; see your tax advisor.
How long will it take to complete this course?
The approximate study hours for this course is 30 hours. Twelve (12) months’ access, with extensions available upon application (fees apply).
Can I purchase optional printed materials?
Yes! The cost for printed materials for this course is $50 per unit. Total cost for optional printed materials is: $100.00. Printed materials are optional and not required to complete the course. Everything you need to complete the course is provided online via our e-learning system.
When can I start this course?
You can start within 60 minutes during business hours when you enrol and pay in full with a credit card!
Credit card: Within 60 mins during business hours.
BPAY: Within 1-2 working days.
Internet Banking: Within 1-2 working days.
Cheque/Money Order: Upon receipt of mailed cheque.
Will I receive a certificate upon completion of this course?
Yes! You will receive a Certificate of Attainment upon successful completion of your assessment.
Do I need to attend classes or undertake any work placements?
No. All courses are delivered online via our e-learning system and there are no work placement requirements in this course.
What support can I expect from Australian Online Courses?
Unlimited tutor support is available throughout your studies via email during business hours Monday to Friday. Our Administrative team are available Monday to Friday via email, live chat and telephone.
I am an international student. Can I enrol into this course?
Yes! We accept enrolments from individuals both within Australia and internationally; location is no barrier to entry into our programs.
Career Pathways
Future growth
Strong
Unemployment
Low
- Project Cost Analyst
- Cost Specialist
- Cost Controller
- Project Management Assistant
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