The Basics of Budget Management
Standalone module or integrated into the “Finance, Management Control & Procurement” course
Dive into the fundamentals of budget management applied to project management. Are you wondering about the common sources of budget overruns, how to anticipate them, or how to clearly explain them to a sponsor or decision-maker? This module is for you.
Why spend time on it?
Because behind a cost overrun, there are:
- Identifiable gaps between forecast and actual
- Poorly formulated or insufficiently challenged assumptions
- Sometimes poorly documented trade-offs
What you will learn:
- Understand the key concepts: actual cost, forecast, variance, cost center
- Identify the typical causes of budget overruns (changes in scope, delays, estimation errors, unforeseen events, etc.)
- Structure your reasoning to better justify, with rigor and pedagogy, the observed gaps
Who is this module for?
- Project managers who want to acquire or consolidate a budgetary culture strong
- For sponsors who wish to better analyze the figures presented
To be used alone or as part of a complete course
This module can be followed independently or as part of the complete “Finance, Management Control & Procurement” course, including an interview simulator, practical cases and a final quiz to permanently anchor your skills.
Immediate practical application
✔️ Short, accessible and directly operational format
✔️ Concrete, visual examples and quick validation quiz
✔️ Designed for multi-constraint project environments