02 December 2014 | Professional Development Event | Project Cost Control - an underrated knowledge area for Project Managers
Project Cost Control is often misunderstood as a variety of the finance or accounting discipline that is remote from actual project execution. It should be seen as a fundamental part of Project Controls and a key support function to the Project Manager to enable successful project execution.
Poorly implemented Cost Control has led to memorable mega-project disasters with projects spiraling out of control.
Jeremie Averous has developed handbooks and advanced courses for leading global project-driven companies in this particular field and will share its key contents for the first time publicly with the Singapore project-management community.
The talk will summarize a few concepts of advanced cost control relevant to the Project Managers, Portfolio/ PMO managers and C-level Executives of project-driven organizations:
- Why Cost Control is different from Accounting, and the organizational consequences,
- How Cost Control interfaces with the other disciplines of Project Controls (schedule, risk, contract),
- Cost Control as a career: the ideal profile and training of a cost controller,
- Project Value Delivery’s Cost Control Golden Rules,
- How to forecast cost – the two basic methods depending on the cost type,
- How to manage Changes in terms of forecast, and the concept of sensitivities,
- Contingency management during project execution,
- Time-phasing, the concept and the effect of Percentage of Completion accounting on the project profit for projects that span over several years,
- Cost Control forensics – the consequences of inadequate cost control, and how to check that proper practices are implemented.
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Date: 02 December 2014, Tuesday Time: 7.00pm to 9.00pm, Registrations and Refreshments start from 6.30pm Location: Room 701 (Level 7) | NTUC Centre | No 1, Marina Boulevard | One Marina Boulevard | Singapore 018989 SPMI Member: SGD 55.00 *EARLY BIRD OFF SGD 15.00 EXTEND till 30 November 2014 PDUs: 2 |
About the Speaker
Jeremie Averous (PMP) is an experienced project professional with a track record in the nuclear, mining and the oil & gas industries. He is also a Certified Coach. He is a founder of Project Value Delivery, a consultancy company based in Singapore, focused on empowering organizations to be more reliably successful in executing large, complex projects.
He supports project-driven companies executing megaprojects across the South-East Asia region and globally, often at the highest level of the organization. Clients include EMAS AMC, SBM Offshore, Subsea7 and leading mining companies.
Jeremie is a published author of three books: “Practical Cost Control Handbook for Project Managers” (2014), “Project Soft Power – Learn the Secrets of the Great Project Leaders”(2012), and “The Fourth Revolution – How to Thrive Through the World’s Transformation”(2011). All are available worldwide on all e-bookshops like Amazon or on Kindle.
Two other books (currently produced as internal handbooks for our clients) are in the works for 2015 publication: “Project Risk Management Handbook” (February 2015) and “Project Scheduling Handbook”.