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Drawing up a Project Budget

This module will give you the key methods you need to estimate your project budget, spread it over time and manage it effectively.

The key concepts of project budget construction and control are addressed through a real-life role-play. The videos and quizzes will help you to gain an insight into the phases, step by step, and will help you transfer what you have learned to your day-to-day context.

The module is suitable for anyone who is involved in projects and wants to improve their project management skills as well as current or future project managers.

To complete the module you must have completed both parts, A & B*.


Part A

By the end of Part A, you will be able to structure your budget without omissions and you will have mastered a series of techniques to produce a robust initial estimation.



Defining and identifying the key concepts of a project budget
Identifying the different elements of a project budget
Understanding the difference between estimation, budget and budgeting
Adapting estimation methods to the project phase



Part B

By the end of Part B, you will be able to spread your budget over time using the five-step budgeting process. You will also be able to anticipate budgetary discrepancies during the project and revise the budget on the basis of “customer” decisions.



Planning the budget over time: project budgeting.
Creating a budget consumption forecast curve.
Keeping control of the project budget.
Revising the budget on the basis of "customer" decisions


Course Fees

  • Membership Rate: £27 (£32.4 inc VAT)
  • Standard Rate: £30 (£36 inc VAT)

* PMI® accreditation: earn 0.5 points toward your PMP® or PgMP® certification for each part completed.