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Open Standard · M3 Cost & Estimating

Commitments

7 knowledge pagesAlso: commitment, purchase orders, committed cost

Knowledge

Articles and chapters

  • M6.1 — Project Controls Strategy & Governance

    1. Practical outcomeThe learner should be able to design and operate a proportionate project-controls strategy: define what decisions the project needs, identify the information and controls that support them, assign ownership and authority, establish an integrated operating cycle, set escalation…

    17 Oct 2026
  • M5.5 — Reporting, Insight & Decision Support

    1. Practical outcomeThe learner should be able to turn validated project-control evidence into a clear report that enables a named audience to decide or act. They should select the information appropriate to that authority, explain material exceptions and causes, connect current performance to…

    17 Oct 2026
  • M4.5 — Contingency & Uncertainty

    1. Practical outcomeBy the end of this section, the learner should be able to establish, explain, govern and reassess cost and schedule provision for uncertainty without hiding it inside the base plan. They should be able to distinguish base budget or duration from contingency and, where the…

    17 Oct 2026
  • M3.5 — Cost Forecasting & Commercial/Contract Interfaces

    1. Practical outcomeBy the end of this section, the learner should be able to produce and challenge a credible cost forecast that explains what the project or package is now expected to cost, why that expectation differs from the authorised baseline or prior forecast, what commercial and delivery…

    17 Oct 2026
  • M3.3 — Commitments, Actuals & Accruals

    1. Practical outcomeBy the end of this section, the learner should be able to establish and explain a reliable period-end cost position by reconciling recognised actual cost, open commitments and costs incurred but not yet recorded. They should be able to define an appropriate financial cut-off,…

    17 Oct 2026
  • M2.3 — Resources, Productivity & Schedule Optimisation

    1. Practical outcomeBy the end of this section, the learner should be able to test whether a logically valid schedule is actually deliverable with the people, skills, equipment, facilities and other constrained resources available to the project. They should be able to distinguish resource demand…

    17 Oct 2026
  • M1.5 — Data Quality, Integration & Traceability

    1. Practical outcomeBy the end of this section, the learner should be able to establish and operate a project-controls data environment in which important information is complete enough, accurate enough, timely enough, consistent enough and traceable enough to support management decisions. They…

    17 Oct 2026

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