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Updated in [July 24th, 2023]
Welcome to the "Projects Cost Management Estimating Budgeting and Control" course, where you will embark on a journey to master the intricacies of cost management in projects. This comprehensive course comprises two distinct parts, providing you with a well-rounded understanding of the subject. In the theoretical segment, you will delve into the principles of cost management, drawing insights from the authoritative PMBOK, a cornerstone for PMP certification. Here, you will explore fundamental topics such as cost estimation, encompassing various aspects like types of costs, estimation tools, risk reserves, cost of quality, and documenting the cost basis of estimates. Additionally, you will learn how to determine a project budget, covering essential steps like cost baseline determination, estimating funding requirements, and finalizing the project budget. In the second part of the course, you will witness theory in action through a practical example, allowing you to apply the acquired knowledge to real-world scenarios. Furthermore, you will learn how to effectively control project costs using Earned Value Management Techniques, enabling you to assess project performance and forecast costs using vital tools like CPI, SPI, CV, and SV. This course promises to empower you with the skills needed to manage project costs efficiently and successfully steer projects towards success. Join us in this learning adventure to elevate your project management prowess and make an impact in your professional endeavors.
Course Syllabus
Introduction
Theoritical Part
Project Simulation and Detailed Example
