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Cost Management Practice Exam

Cost Management

The method of cost management uses technology for measuring cost and productivity through the life-cycle of enterprise level projects. It includes various functions of project management such as estimating, field data collection, job controls, scheduling, design and accounting. 

So, the candidates who wish to gain expertise in cost management should definitely take this exam.


Recommended knowledge

Accounting skills

Ease with technology

Analytical ability

Presentation skills


Target Audience

Investors

Managers

Financial officers

Other interested candidates


Roles and Responsibilities

Analysing risks

Reviewing expenditures

Advising on budgets

Managing tendering


Topics Covered

1. Fundamental concepts of financial management

2. Basics of Cost Management 

3. Understanding the Cost Management processes

4. Planning Cost Management

5. Estimation of Costs

6. Determination of Budget

7. Controlling Costs

8. Understanding Earned Value Management


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