Projects Cost Management, Estimating, Budgeting and Control.

Projects Cost Management, Estimating, Budgeting and Control.

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

Language: english

Note: 3.9/5 (1,004 notes) 70,324 students

Instructor(s): Saad Almeri

Last update: 2020-07-13

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:

  1. 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

  2. How to determine project budget, which also include:

    • Determine cost baseline

    • Estimate funding requirements

    • Determine project budget

  3. 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

 

Course content

  • Introduction
    • Introduction
  • Theoritical Part
    • What is Cost Management?
    • Direct and Indirect Costs
    • Analogous Estimating
    • Parametric Estimation
    • Three-Point Estimating
    • Reserve Analysis
    • Cost Estimates and Basis of Estimates
    • Cost Baseline
    • Funding Requirements
    • Earned Value Formulas
    • Project Status
    • Earned Value Example
    • Forecasting Three Scenarios
    • Forecasting Example
    • To-Complete-Performance-Index TCPI
    • Performance Reviews
    • Recap
  • Project Simulation and Detailed Example
    • Direct and Indirect Costs
    • Cost Estimates and Reserve Analysis
    • Cost Baseline and Project Budget
    • Basis of Estimate
    • Funding Requirements
    • Earned Value Calculation
    • Forecasting
    • TCPI

 

Projects Cost Management, Estimating, Budgeting and Control.Projects Cost Management, Estimating, Budgeting and Control.

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