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Under-graduate Diploma in Business – Project Costing

(BBDPCO) Undergraduate Diploma in Business – Project Costing

Duration

e.g. 8 credits = 2 x 2 x 2 x 2 = 1 Year

e.g. 8 credits = 3 x 3 x 2 = 9 months

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

8 Credits

Max 2/3 subjects per Semester

Part of the program is a PoE

View in PoE in Subject details below

Dates

Feb,

June,

Sep,

Nov.

Course Specific Details

This diploma program introduces students to the fundamental principles of project cost management and serves as a foundation for further study in the business discipline. Throughout the course, a structured strategy is employed to help students develop their competencies in the particular business topic being discussed. To ensure that the student is a valuable asset to any project in which they participate, the major objective of the course is for them to demonstrate mastery of the business discipline throughout their time there.

This diploma course introduces students to the fundamental principles of costing and introduces them to the area of costing in general. The emphasis of this course is on small projects, with an emphasis on the fundamentals of budgeting and conventional control accounts. Throughout the course, a structured strategy is employed to help students develop their competencies in the particular discipline being studied. To ensure that the student is a valuable asset to any project in which they participate, the course’s major objective is for them to demonstrate proficiency in this area. It assures that the budgeting process and the management of control accounts follow a core logical procedure. This costing assessment discusses the work breakdown structure, fundamental cost and budget standards, stakeholder interactions, and the role of the project cost controller or cost engineer. The budget formation process, controlling accounts, activity-based costing, cost aspects, pricing and costing, materials and labor, budgeting and cash flow management, and financial reporting and forecasting are all included in the budget components. Cost principles include the following components: comprehension of the estimate’s basis; contingency; freezing (or establishing a baseline budget); reporting; computations and forecasting. Cost tracking and control are critical activities. This course has various activities that will be used to create a Portfolio of Evidence (PoE) for submission at the program’s conclusion.

Cost management is a critical skill for everyone who want to have an impact on their discipline’s performance.

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 Diploma in 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 Associate Degree in Business (in the selected specialization / major).

Other Study Options

Additional Information

(BBDPCO) Diploma in Business – Project Costing

Subject details and topics – 8 credits required

Year 1
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-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-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-151 Introduction into Planning
This course deals with the basic principles of scheduling and introduces the students to the planning discipline. It focuses on the basic requirements of setting up standard schedules 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 schedule. A scheduling overview is presented to the students and includes: the work breakdown structure; basic schedule specification; stakeholders; the role of a project planner. The elements of scheduling include: the schedule development; activities; types; calendars and constraints. The elements of scheduling principles include: understanding float; basis of schedule; baseline a schedule; reporting; calculations and forecasting. This course includes some assignments that form part of a Portfolio of Evidence (PoE) that must be presented during this programme.
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.
PCiBS-PCM-153 Introduction into Estimating
This course deals with the basic principles of estimating and introduces the students to the estimating discipline. It focuses on the basic requirements of setting up an estimate to align 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 an estimate. An overview is presented to the students and includes: the work breakdown structure; basic estimating standards; the stakeholders; the role of a project estimator. The elements of an estimate include: the estimate development; basis of estimate; control accounts; bottom up estimating techniques and other techniques; resource and material quantities; pricing and costing; materials, labor; estimating and estimate management. The elements of estimating principles include: understanding the basis of estimate; contingency; freezing (baseline) the budget; reporting; calculations and forecasting. The monitoring and control of the estimate. This course includes some assignments that form part of a Portfolio of Evidence (PoE) that must be presented during this programme.
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.
Elective
Elective (Select any 2 of the subjects listed below)
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-120 Business Management I
The entrepreneurial mind-set; the differences between managers and managing; performance and motivation; 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-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.