Projects Cost Management, Estimating, Budgeting and Control

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