Cost Management
Cost Management
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.
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
Exam Format and Information
Cost Management FAQs
What is 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.
What are the recommended skills for this exam?
• Accounting skills
• Ease with technology
• Analytical ability
• Presentation skills
What are the responsibilities of a cost manager?
• Analysing risks
• Reviewing expenditures
• Advising on budgets
• Managing tendering
Which topics are covered in this exam?
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
Who should take this exam?
• Investors
• Managers
• Financial officers
• Other interested candidates
What are the skills required for this exam?
50 questions are asked in this exam.