Projects Cost Management, Estimating, Budgeting and Control.

IEM Daily       April 06, 2023   

Learn how to estimate costs for any project, how to determine budget and how to use Earned Value Management tools. 3 PDU

Platform: Udemy
Status: Available
Duration: 2.5 Hours

Price: $84.99 $0.00

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What you'll learn

• How to estimate costs for a project
• How to determine project budget
• How to control project costs
• How to use Earned Value Management indicators

Requirements

• No prerequisites

Description

This course consist of two parts. The fist part is a theoretical explanation based on the cost management chapter from PMBOK (the book that is used for PMP certificate) and the second part is a practical example about how to apply the theoretical part..

Both parts talk about three main topics:

How to estimate costs for activities in the project, which also include:

Types of Costs

Estimating costs tools and techniques.

Handling Risk Reserves costs

Cost of Quality

Documenting the costs basis of estimates

How to determine project budget, which also include:

Determine cost baseline

Estimate funding requirements

Determine project budget

How to Control Project Costs, through:

Using Earned Value Management Techniques to assess project performance

Calculating CPI, SPI, CV, SV

Forecasting project costs y using Earned Value Management Tools

Who this course is for:

• Engineering and IT practitioners
• Anyone interrested in project management