Mastering the Challenges of Cost Overruns
Faced with increasingly complex projects with deadlines and budgets, cost overruns are becoming a common challenge for project managers. However, properly justifying these deviations is essential for the sustainability of projects… and the trust of stakeholders!
This 100% online module invites you to become fully aware of the strategic, financial, and relational challenges associated with justifying cost overruns. Through concrete cases and clear perspectives, you will understand the real impact of budget overruns on project management and discover how to structure clear, factual, and credible communication to defend your decisions.
This module can be taken independently or as the first step in the complete “Finance, Management Control & Procurement – Justifying a Cost Overrun.
In both cases, it is designed to answer a crucial question for any project manager:
"How to anticipate, explain, and legitimize an additional cost without losing face… or direction?"
At the end of this module, you will be able to:
• Identify why justifying additional costs is a strategic management lever
• Identify all the impacts of an overrun on stakeholders
• Communicate with rigor, confidence, and credibility when facing a project sponsor
• Better prepare for a budget justification interview
• Strengthen your posture when justifying decisions
