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Under-graduate Certificate in Business – Project Costing

(BBCTPC) Undergraduate Certificate in Business – Project Costing

Duration

6 Months

4 credits = 2 x 2

Language

English

Study Mode

Online

On-Campus (bespoke)

Campus

Johannesburg. South Africa

Swakopmund, Namibia

Houston, Texas, USA

(only for bespoke pre-booked courses)

Credits Required

4 Credits

Part of the program is a PoE

View in PoE in Subject details below

Dates

Feb,

June,

Sep,

Nov.

Course Specific Details

This curriculum covers the fundamental principles of project cost management and serves as an introduction to the business discipline for the students. A structured approach is used throughout the course, which allows students to build their competencies in the specific business area in issue. In order for the student to be a valued asset to any project in which they are involved, the course’s primary goal is for them to exhibit mastery in the business discipline throughout their time there.

This course covers the fundamental principles of costing and exposes students to the field of costing as a whole. Small projects are the emphasis of this course, which focuses on the fundamentals of setting up budgets and standard control accounts. A organized approach is used throughout the course, which allows students to enhance their competencies in the specific discipline under consideration. In order for the student to be a valued asset to any project in which they are involved, the primary goal of the course is for them to exhibit mastery in this area. It ensures that a fundamental logical procedure is followed in the development of a budget and the maintenance of control accounts. This review of costing contains topics such as the work breakdown structure, basic cost and budget standards, stakeholder relationships, and the function of a project cost controller or cost engineer. Budget components include: the budget formulation process; controlling accounts; activity-based costing; cost aspects; pricing and costing; materials and labor; budgeting and cash flow management; and financial reporting and forecasting. The cost principles contain the following elements: comprehending the basis of the estimate; contingency; freezing (or setting the budget at a baseline); reporting; computations and forecasting. Cost monitoring and control are important tasks. This course includes several exercises that will be used to compile a Portfolio of Evidence (PoE) that will be given at the end of the program’s duration.

Project cost management is a critical skill for everyone who want to have an impact on the performance of their firm.

Career

Obtain a top-tier position in one of the following industries:

ENGINEERING,

BANKING AND FINANCE,

MEDICAL,

MINING,

HEALTHCARE,

CONSTRUCTION, 

OIL and GAS,

INFORMATION TECHNOLOGY,

PROPERTY DEVELOPMENT,

and other related fields are included (too many to list).

 

Jobs in the project management discipline are increasing as a result of the expansion of industries.

Levels of Educational Qualification

Using the educational services provided by PCiBS, students can earn qualifications from international affiliated and accredited universities that are recognized by a national qualification framework (NQF) that is divided into levels. The European qualification levels are from level 0 to level 08.

  • Courses (Various Levels),
  • Certificates (Level 05),
  • Diplomas (Level 05),
  • Associate Degree (Level 06),
  • Degrees (Level 07),
  • Post-graduate certificates (Level 08/9),
  • Post-graduate Diploma (Level 08/9),
  • Masters (Level 09), and
  • Ph.D.’s (Level 10).

 

All courses require students to earn a passing grade by achieving a predetermined percentage on their exams in order to demonstrate their ability to perform as a competitive individual in the workplace. Individuals who are performance-based are evaluated on their ability to participate in a lecture and practical simulations (live) of various projects that are incorporated into each of the Project Controls Majors, which are listed below.

ADMISSION REQUIREMENT

Admission requirements for Undergraduate:
  • Age: Minimum age 18 years
  • Recognition of Previous (RPL) Study: All documents need to be certified / notarized. All non-English documents must have a certified and evaluated English translation attached to the application.
  • English level: For non-English speaking students, TOEFL / IELTS or equivalent is required for students who did not study at English speaking school. The Admission Committee will also consider factors such as TOEFL/IELTS scores.
  • One passport-size photo.
  • Passport copy / national ID card certified / notarized.

All PCiBS’ programs are conducted in English and all correspondence will be in English.

 

You can do your free TOEFL / IELTS practice test here.

Program Tuition Fees

We have a Limited Time Offer!

Articulation / Further study

Under-graduate

After completing the Certificate of Business (in the chosen specialization/major), you have the option of taking the credit(s) from your studies and furthering your qualification by completing the Diploma in Business (in the selected specialization / major).

Other Study Options

Additional Information

(BBCTPC) Certificate in Business – Project Costing

Subject details and topics – 4 credits required

Costing
Assignment
PCiBS-PPE-190 Project Portfolio of Evidence I
This course includes some assignments that form part of a Portfolio of Evidence (PoE) that must be presented during this programme. The course follows a structured manner and allows students to develop their competencies for the specific discipline in question. The main aim of the course in to demonstrate proficiency in this discipline to ensure that the student can be a valuable asset to any project that they are involved with.
Core
PCiBS-MGT-160 Fundamentals of Project Management
This course deals with the basic principles of project management and introduces the students to the project management discipline. It focuses on the basic requirements of setting up small projects. The course follows a structured manner and allows students to develop their competencies for the specific discipline in question. The main aim of the course in to demonstrate proficiency in this discipline to ensure that the student can be a valuable asset to any project that they are involved with. The course Introduces Project management concepts; needs identification; the project life cycles; the project manager and the project team; types of project organisations; project communication and document control. Estimating, Costing and Planning and control: planning, scheduling and schedule control of projects; resource considerations and allocations; cost planning and performance evaluation. It focuses on Risks, procurement, human resources, quality, communication, stakeholders and integration management.
PCiBS-PCM-152 Introduction into Costing
This course deals with the basic principles of costs and introduces the students to the costing discipline. It focuses on the basic requirements of setting up budgets and standard control accounts for small projects. The course follows a structured manner and allows students to develop their competencies for the specific discipline in question. The main aim of the course in to demonstrate proficiency in this discipline to ensure that the student can be a valuable asset to any project that they are involved with. It ensures that a basic logical process is followed to develop a budget and control accounts. A costing overview is presented to the students and includes: the work breakdown structure; basic cost and budget standards; stakeholders; the role of a project cost controller / cost engineer. The elements of budget include: the budget development; controls accounts; activity-based costing; cost elements; pricing and costing; materials, labor; budgeting and cash flow management. The elements of cost principles include: understanding the basis of estimate; contingency; freezing (baseline) the budget; reporting; calculations and forecasting. The monitoring and control of costs. This course includes some assignments that form part of a Portfolio of Evidence (PoE) that must be presented during this programme.
Elective
Elective (Select any 2 of the subjects listed below)
PCiBS-STA-130 Maths, Data Structures & Statistics
Sampling and the collection of data; frequency distributions and graphical representations of the data collected. Identification, use, evaluation and interpretation of statistical computer packages and statistical techniques. Statistical concepts are demonstrated and interpreted through practical coding and simulation within a data framework. Supporting mathematical concepts with statistical concepts using simulation within a data structure framework. Basic algebra, calculation of lines and planes, Use of numerical techniques.
PCiBS-ACC-110 Introduction to Managerial Accounting
Introduction to management accounting. Costing terminology, concepts and classifications. Activity based costing and job-order costing. Cost and budget behaviour. Variable versus absorption costing. Cost-volume and profit relationships. Budgeting process. Managing Cash flow and financial budget planning.
PCiBS-BUS-200 Business Communication & Report Writing
Acquiring basic business communication skills to enhance the capabilities of our students in the business environment. An overview of applied skills on teams (groups), organizational, the didactic, interpersonal and business communication contexts is provided. The practical part of the course is provided with assignments in the other PCiBS courses, where this course will establish the basic outlines of minutes, reports, presentation skills that require a specific style of writing for business. The specific competencies concentrate on the performance of these skills as applied to professions such as project management and leadership.
PCiBS-BUS-122 Business Management & Ethics / Governance I
This course focuses on the differences between managers and managing; performance and motivation; governance; ethics, values, social responsibility, attitudes, culture and emotions; the manager as a person; making decisions; leadership; organizational structures and managing culture differences; groups and teams effectiveness; operations & financial management; strategies for competitive advantage; human resource management; value chain and sustainable development management concepts.
PCiBS-CON-170 Construction Management Fundamentals
This course deals with the basic principles of project management and introduces the students to the project management discipline on a construction site. It focuses on the basic requirements of setting up small projects. The course follows a structured manner and allows students to develop their competencies for the specific discipline in question. The main aim of the course in to demonstrate proficiency in this discipline to ensure that the student can be a valuable asset to any project that they are involved with. The course introduces construction based Project management concepts; needs identification; the project life cycles; the project manager and the project team; types of project organizations; project communication and document control. Estimating, Costing and Planning and control: planning, scheduling and schedule control of projects; resource considerations and allocations; cost planning and performance evaluation. It focuses on Risks, procurement, human resources, quality, communication, stakeholders and integration management.
PCiBS-LAW-115 Introduction to Project Law
This course provides a broad overview of the legal issues within the context of a project. Basic principles of law in the context of projects. Investigate the parties involved in projects, including individuals and incorporated bodies; intellectual property law; partnerships, joint ventures and alliances; law of torts; legal issues involved with tendering; formation and the management of contracts; contractual disputes and the resolution; intellectual property law; consumer protection and trade practices; ownership and occupation property law; planning laws and building legislation.
PCiBS-SCM-142 Procurement & Contracting
The role of procurement and contracting in supply chain management. The role of purchasing, decision making, the purchasing and contracting process, various markets and products, utilizing purchasing intelligence, standard contracting methodologies and when to use them, outsourcing of procurement and supply chain risk management, sole sourcing and supply chain strategy, using new product development in organizations, expediting and quality control, purchase and contract performance management, supplier assessments, standard negotiating techniques and facilities management, plus contracting of services.