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Projects Cost Management, Estimating, Budgeting and Control.

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


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