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Project Cost Management |
| Course Status: | Released | Courseware Features |
| Course Language: | English | |
| Course Duration: | 4 Hours | |
| Deployment Options: | Online, Interactive CDs, Network, |
Audience |
| Students with an interest in the principles of project management; trainee project managers; consultants who routinely engage in project management; experienced project managers who wish to refresh their thinking on the principles of project management; program managers and senior mangers who employ or manage project managers; students seeking to pass the Project Management Institute's Project Management Professional (PMP®) exam |
Prerequisites |
| A good understanding of the nature of projects; an interest in the principles of effective project management |
Course Aim |
| This learning path demonstrates how resource planning, cost estimating, cost budgeting, and cost control are applied to ensure that a project is completed within the approved budget. |
Learning Objectives |
| To demonstrate how resource planning, cost estimating, cost budgeting, and cost control are applied to ensure that a project is completed within the approved budget |
Topics Covered |
| Cost management Resource planning Cost estimation Cost budgeting Developing a resource plan and estimating costs Work estimation Defining the work estimate Estimating work Errors in estimating Project cost control Cost schedule development Least-cost scheduling Earned value and project cost Cost change control systems Controlling costs and measuring performance Budget uncertainty and risk management Budget uncertainty The risk-management process Establishing a realistic budget contingency |
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