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Certificate of Project Time and Cost Management


Course Outline and Topics

Course Overview

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)


Written assignments and exercises, including short-answer questions, reports/essays and projects. There are no examinations or due dates for assessment.


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Payment Information

Certificate Course



  • 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;
  • Unlimited enrolment with no expiry;
  • Certificate of Attainment/Completion issued for your CV (hard copy provided); and
  • Course may be tax deductible; see your tax advisor.

Career Pathways

Future growth




  • Project Cost Analyst
  • Cost Specialist
  • Cost Controller
  • Project Management Assistant
  • Includes unlimited access
  • Full up-front payment only