Budgeting and Monitoring for Projects

Budgeting and Monitoring for Projects
Budgeting and Monitoring for Projects

AED 3200  AED 2880

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  • Duration
    3 - Days
  • Timing
    9am to 1:30 pm
  • Skill Level
  • Lectures


  • This program is designed to provide the participants with the skills and knowledge to to achieve Scheduling & Cost Control.
  • The principles and reasons for Strategic Budget Planning, Forecasting and the appropriate process of Scheduling & Cost Control
  • Preparation of Financial Report, the process and the compilation to the various of Forecasting documents that assist the reader to in the Budgeting financial for Scheduling & Cost Control requirements.
  • Scheduling & Cost Control Practicing.

Introduction to Scheduling & Cost Control:

  • Types
  • Utilization of Budget Information
  • Budget Monitoring & Feedback Systems

Planning Departmental Functional Budgeting

  • Collating Information
  • Budget Construction
  • Budget Presentation Formats

Budgeting Planning & Forecasting and Scheduling & Cost Control

  • Preparation
  • Meetings
  • Construction
  • Presenting
  • Implementing
  • Review
  • Standard costing
  • Variance

Exercises, Discussions & Daily Review
Budgetary Control and Standard Costing for Scheduling & Cost Control

  • Flexible Budgets and ‘What If’ situations
  • Economies of Scale
  • Management and Control Systems
  • Performance Measurement Feedback
  • Cost of Depreciation
  • Assessing
  • Accounting

Introduction to Financial Report Writing for Scheduling & Cost Control.

  • The necessary information required for compilation and interpretation by the ‘Readers.
  • The types of reports and their objectives
  • Income & Expenditure Reports
  • Reconciliation Reports
  • Information, gathering from various sources and collation if relevant information

Exercises, Discussions & Daily Review
Scheduling & Cost Control documents available:

  • From costing to budget: interpreting variances
  • Define the master budget and explain its major benefits to an organization
  • Describe the difference between a static budget and a flexible budget
  • Compute flexible-budget variances and sales-volume variances
  • Compute the price and efficiency variances for direct-cost categories
  • Explain why standard costs are often used in variance analysis
  • Integrate continuous improvement into variance analysis
  • Problems, Case Study and Exercises.

Financial Analysis of Scheduling & Cost Control:

  • Liquidity Ratios Analysis.
  • Short Term Debits Ratios Analysis. “Efficiency”
  • Long Term Debits Ratios Analysis. “Solvency”
  • Profitability Ratios Analysis.
  • Financial Report including: Scheduling & Cost Control of preparing F Report,  F Report Parts.

Training Methodology:
1. Exercises, Discussions & Review
2. Case Studies
3. Practical Exercises
4. Discussions Sessions
5. Course Evaluation
6. Course Summary

Established in 2014, Progress Corporate Training is the UAE’s leading corporate training provider, offering over 100 short training courses in Management, as well as technical training courses in the Oil and Gas sector. Courses are delivered by highly qualified consultants.

PTC was one of the pioneers of running CIMA courses in the UAE. 

In recent years, Progress has extended its reach to other professional courses such as CMA, CFA, Islamic Finance, PMP, Business Skills, and customized training courses for companies. PTC's ability to provide courses in both Arabic and English is evidence of PTC's cultural adaptability.

Today, PTC's clients are among some of the top public and private organizations in the UAE. It helps hundreds of professionals across all seven Emirates to achieve their career dreams.

Working jointly with our community partners we seek to help people, build a resilient community and contribute to a sustainable future.





Progress Training And Consulting

Progress Training And Consulting