Justification for cost overrun

Justification for cost overrun

Description

Justifying Cost Overruns: Defend Your Budgets with Clarity and Impact

Faced with exploding budgets, decisions to justify, and sponsors to convince… how can you explain cost overruns without losing credibility? This 1.5-hour e-learning course was designed to help project managers and their sponsors master the ins and outs of budget justification in an increasingly demanding environment.

Why take this training?

Because a poorly explained cost overrun can:

  • Damage the relationship of trust with your stakeholders
  • Jeopardize the achievement of project objectives
  • Reduce your room for maneuver on future trade-offs

Conversely, knowing how to justify a budget overrun with method, transparency, and assertiveness strengthens your position and secures project management.

This e-learning module will allow you to:

  • Understand the typical causes of overruns in projects (estimation errors, unforeseen events, changes in scope, etc.)
  • Identify expectations sponsors’ specific financial reporting requirements
  • Master concrete levers for budget justification combining data, assumptions and documented decisions
  • Adapt your communication according to profiles (CFO, PMO, general management) and contexts (emergency, strategic project, external constraints)

A pedagogical progression in 6 structured modules:

  • Why do these costs slip? – Awareness of the challenges of overruns
  • Understanding the fundamentals – Key concepts: budget forecasting, variance, cost at completion, drift
  • Applying best practices – Justification methods: numerical data, scenarios, trade-offs
  • Adapting to varied contexts – Communication according to the interlocutors & hierarchical levels
  • Sponsor interview simulator – Practice defending your budget in a realistic exchange!
  • Final mega quiz – Validate your knowledge with an interactive and dynamic quiz

An ideal course for:

  • Project managers faced with budgetary discrepancies
  • Operational sponsors wishing to better understand and challenge decisions
  • Financial management professionals in a project environment

This course is 100% digital, accessible on any device, and uses interactive approaches: role-playing, video clips, quick quizzes, immersive simulator.

Preview

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