Project Cost and Financial Analysis

This course introduces attendees to the underlying principles and practice of managing project cost management and budget. It covers the body of knowledge needed for effective management of projects addressing techniques for project cost management, budgeting and financial analysis; progress reporting and project control such as earned value management (EVM).

The course includes a number of practical exercises to reinforce attendees’ understanding of the relevant concepts and techniques and to allow application of the gained knowledge to real-life projects. The exercises are conducted as a combination of tutorials and activities that step through the various activities, focusing on budgeting management, financial and project control.  The course is ideally suited to those who are new to project budgeting and control methods; no prior knowledge or experience is assumed.

This is a Module of Project Schedule and Budget Control that is a 3 days course


Dr Alireza Abbasi

Dr Alireza Abbasi is Coordinator of Project Management programs at UNSW Canberra.  He also holds a graduate certificate in University Learning and Teaching from UNSW. His research and teaching interests include project management, management science, information systems management and network science. He has written a book, three book chapters and over 80 technical journal and conference papers.  

Dr Abbasi has had several appointments and been involved in different projects in IT/Software, Oil, Education and R&D sectors. He is an active member of several professional bodies including Australian Institute of Project Management (AIPM), Project Management Institute (PMI), and Australian and New Zealand Academy of Management (ANZAM).


Course Information

  • Project Cost Management 
    • Financial Analysis | Cost Benefit Analysis | Cost estimating | Cost baseline | Budgeting | Cost control
  • Project Budgeting Exercise
    • An exercise focussed on project cost management, development of cost baseline and project budget.
  • Project Control 
    • Earned value management (EVM)
  • Project Control Exercise
    • An exercise to reinforce project control techniques such as EVM.
  • Project Financial Analysis and Project Selection
    • Financial Analysis (NPV, IRR, ROI, Payback analysis, etc.) | Weighted Scoring Model
  • Project Financial Analysis Exercise
    • An exercise to reinforce financial analysis for project selection techniques such as NPV, IRR, ROI, Payback analysis, etc.
  • Course Outcomes

  • At the completion of this course, participants shall be able to:
    • Know various techniques for project cost management and budgeting
    • Analyse the financial aspects of projects and develop a time-phased project budget.
    • Analyse and control the progress of the project over time

Courses will be held subject to sufficient registrations. UNSW Canberra reserves the right to cancel a course up to five working days prior to commencement of the course. If a course is cancelled, you will have the opportunity to transfer your registration or be issued a full refund. If registrant cancels within 10 days of course commencement, a 50% registration fee will apply. UNSW Canberra is a registered ACT provider under ESOS Act 2000-CRICOS provider Code 00098G.