Templates For Managing Training Projects

MANAGING COST

Managing cost involves planning, estimating, budgeting, financing, and controlling project costs to ensure they stay within the allocated budget.

People involved in training projects and ongoing operations must be mindful of how they manage finances because training is commonly viewed as a cost to the organization. While training may be highly valued, the training budget is often reduced when the financial outlook is bleak. It is important to justify the investment in training, showing both tangible and intangible benefits; for example, lowered training costs and increased employee morale. Mandatory training is usually easier to justify. Websites that provide training heuristics are an essential part of estimating the cost of training ...