Evaluating Project Costs, Benefits and Outcomes

Lead Trainer

Colin Millward

Colin Millward   MBA, PMP, CRP, CSM, A-CSPO
Project Management Trainer

Colin Millward brings over 35 years of expertise managing international enterprise systems projects across Europe, the U.S., and Asia-Pacific, showcasing leadership, cross-cultural skills, and measurable business outcomes. Since founding Knight Griffin Pte. Ltd. in 2003, he has provided management consulting and corporate training to diverse organisations. Accredited as a PMP® in 2005, Colin holds an MBA and certifications including CRP, CSM, and A-CSPO. As a Principal Mediator with the Singapore Mediation Centre, he resolves complex business disputes. Colin’s engaging approach, combining deep expertise, experience, and humor, continues to impact organisations across the Asia-Pacific region.

Course Summary

As project managers, our responsibilities extend beyond overseeing timelines and deliverables. We are key decision-makers in financial strategy, managing budgets and advising leadership on project selection. A deep understanding of costs, benefits, and return on investment is essential for ensuring project success and making data-driven recommendations. Navigating financial complexities and answering tough questions from leadership can be challenging. Understanding how to predict project outcomes, measure financial performance effectively, and manage costs while maximizing value is crucial. This intensive course provides the financial acumen needed to excel in project management. Participants will learn proven strategies for cost estimation, forecasting, and budget control while assessing project viability through financial metrics. The course also covers financial risk management, expenditure tracking, and performance measurement to enhance decision-making. By the end of this course, participants will have the tools to drive project success, optimize financial outcomes, and establish themselves as trusted experts in financial decision-making within project management.

Course Objectives

By the end of this course, participants will:

  • Modernize project estimation techniques by moving beyond traditional metrics to adopt practical methods for accurate work and cost estimation.
  • Learn to confidently justify project costs to senior management without relying on complex mathematics or spreadsheets.
  • Gain skills to manage budgets and timelines effectively, avoiding overruns and ensuring projects meet financial and time constraints.
  • Develop the ability to evaluate future monetary benefits and present compelling financial insights to engage senior management.
  • Understand financial principles for evaluating and selecting projects, ensuring efficient resource allocation and project success.

Course Content

  • Project Evaluation and Selection
  • Predicting Project Outcomes
  • Estimation with Uncertainty and Risk
  • Producing a Viable Plan
  • Cost Baseline Management
  • Outcome Measurement and Validation
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