Managing project costs can feel daunting, especially when budgets are tight and priorities shift. This session provides a practical, jargon-free introduction to cost management, helping learners understand how to estimate, plan, and control costs without relying on complex spreadsheets or financial expertise. Learners will explore a simple cost management framework and gain realistic tips for building credible estimates, creating a clear cost plan, and monitoring spending throughout delivery to prevent budgets from spiralling.

Key Takeaways

• Understand what cost management means in practical workplace projects.
• Apply simple techniques to estimate project costs more accurately.
• Create a basic cost management plan to support budgeting and control.
• Monitor costs effectively during delivery and respond early to overspend risks.