Overview of Course

The "Understanding Project Budget and Accounting" course provides a comprehensive understanding of budgeting and accounting principles for project management. This course is designed to help you develop an in-depth understanding of the fundamentals of budgeting and accounting, which are essential skills for managing projects successfully.

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Course Highlights

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Learn essential budgeting and accounting principles for project management

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Understand budget preparation, accounting principles, financial analysis, cost control & financial reporting

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Skills You’ll Learn


Develop budgeting and accounting skills necessary for managing projects effectively


Understand the principles of financial analysis and control


Learn to create, manage, and analyze project budgets


Develop financial reporting skills for project management

Training Options

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1-on-1 Training

USD 400 / INR 35000
  • Option Item Access to live online classes
  • Option Item Flexible schedule including weekends
  • Option Item Hands-on exercises with virtual labs
  • Option Item Session recordings and learning courseware included
  • Option Item 24X7 learner support and assistance
  • Option Item Book a free demo before you commit!
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Corporate Training

On Request
  • Option Item Everything in 1-on-1 Training plus
  • Option Item Custom Curriculum
  • Option Item Extended access to virtual labs
  • Option Item Detailed reporting of every candidate
  • Option Item Projects and assessments
  • Option Item Consulting Support
  • Option Item Training aligned to business outcomes
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Course Reviews


  • Definition of project budgets
  • The purpose of project budgets
  • Benefits of having a project budget
  • Consequences of not having a project budget

  • Direct costs
  • Indirect costs
  • Variable costs
  • Fixed costs
  • Marginal costs
  • Sunk costs

  • Identifying stakeholders
  • Defining roles and responsibilities
  • Outlining procedures and policies
  • Determining cost estimating methods
  • Establishing a change control process
  • Establishing a reporting structure

  • Definition of cost accounts
  • Importance of cost accounts
  • Types of cost accounts
  • Cost account structure
  • Cost account management

  • Cost estimating techniques
  • Creating a cost estimate
  • Determining budget reserves
  • Allocating budget to project tasks
  • Creating a budget summary

  • Definition of baseline
  • Importance of baseline
  • Establishing a baseline for the budget
  • Approval and sign-off of the budget baseline

  • Definition of performance measures
  • Importance of performance measures
  • Types of performance measures
  • Creating performance measures
  • Monitoring performance measures

  • Definition of cost control
  • Importance of cost control
  • Controlling project costs
  • Monitoring actual costs
  • Taking corrective actions.
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Target Audience:

  • Project Managers
  • Financial Analysts
  • Business Analysts
  • Entrepreneurs
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  • Basic knowledge of accounting and finance

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Benefits of the course:

  • Develop essential budgeting and accounting skills for project management
  • Improve your financial analysis and control skills
  • Develop the ability to create, manage, and analyze project budgets
  • Gain financial reporting skills for project management


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Exam details to pass the course:

  • There is no exam for this course.


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Certification path:

  • Project Management Institute (PMI)®️ Certified Associate in
  • Project Management (CAPM)®️
  • PMI®️ Project Management Professional (PMP)®️
  • PMI®️ Agile Certified Practitioner (PMI-ACP)®️
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Career options after doing the course:

  • Project Manager
  • Financial Analyst
  • Business Analyst
  • Cost Accountant
  • Budget Analyst


Why should you take this course from Skillzcafe:

Why should you take this course from Skillzcafe:
  • Bullet Icon Industry experts teach this course
  • Bullet Icon Flexible learning options with online classes
  • Bullet Icon Learn at your own pace
  • Bullet Icon Access to course materials even after course completion


The course duration is 8 hours.

Yes, this course is designed for beginners who want to learn the basics of project budgeting and accounting.

This course is available online and is self-paced.

No, there is no certification after completing the course. However, you can take the PMI®️ CAPM®️, PMP®️, or PMI-ACP®️ certification exams after completing this course.

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