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Cost Estimating Fundamentals

  • Course Code GK2952
  • Duration 1 day

Additional Payment Options

  • GTC 4 inc. VAT

    GTC, Global Knowledge Training Credit, please contact Global Knowledge for more details

Public Classroom

Public Classroom Price


excl. VAT

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Course Delivery

This course is available in the following formats:

  • Company Event

    Event at company

  • Public Classroom

    Traditional Classroom Learning

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Course Overview


Learn to accurately estimate project cost.If your project costs routinely go over budget, your credibility as a project manager is jeopardized. The key to avoiding budget overruns is having accurate cost estimates at the beginning of your project. This short course will help you understand cost estimating and give you some practical cost-estimating techniques and processes. You'll experiment with different estimating techniques so you can identify which method works best for you and when to use each.

This virtual short course, specifically designed to give you a quick convenient way to renew and refresh your project management skills, maintain your Project Management Professional (PMP)® certification, and earn PDUs on your own time, at your own pace.

Virtual short courses do not include materials or headsets.


PMP is a registered mark of the Project Management Institute, Inc.

Course Schedule


Target Audience


PMP-certified project managers, IT project managers, project coordinators, project analysts, project leaders, senior project managers, team leaders, product managers, program managers, project sponsors, and project team members who want to continue to develop their skills and renew their PMP certification.

Course Objectives

  • What cost estimating is
  • The importance of accurate cost estimates
  • Methods of cost estimating
  • How to generate a cost estimate
  • Your role as a project manager

Course Content

  • 1. Types of costs
  • 2. Different estimating techniques
  • 3. Selecting the right estimating technique for your organization
  • 4. Validating cost estimates

Course Prerequisites

  • There are no prerequisites for this course.

Follow on Courses

  • IT Risk Management
  • Program Management
  • Requirements Development, Documentation, and Management