HOT
blank

Master PMP Cost Management: Plan, Budget, Estimate & Control

Business

Rating4.2
Enroll Now

Master PMP Cost Management: Plan, Budget, Estimate & Control, available at $44.99, has an average rating of 4.23, with 33 lectures, 4 quizzes, based on 114 reviews, and has 638 subscribers.

You will learn about Understand the process of cost management within the project lifecycle. Identify the key components of project cost management, including estimation, budgeting, and control. Learn various techniques for estimating project costs accurately. Develop skills in creating and managing project budgets effectively. Explore methods for tracking and controlling project costs throughout the project lifecycle. Understand the importance of cost baseline and its role in project management. Learn how to analyze and manage cost variances to ensure project financial health. Gain insights into cost management tools and software used in project management. Explore strategies for managing and optimizing project costs without compromising quality. Understand the implications of cost management decisions on overall project success and stakeholder satisfaction. This course is ideal for individuals who are Project Managers: Project managers can benefit significantly from understanding project cost management principles to effectively plan, budget, and control project expenditures. Mastery of cost management techniques enables project managers to ensure projects are delivered within budget constraints. or Project Team Members: Members of project teams, including team leads, coordinators, and specialists, can benefit from learning project cost management to contribute effectively to cost estimation, budgeting, and monitoring activities within their respective roles. or Executives and Senior Management: Executives and senior management personnel, including directors and business unit heads, can benefit from understanding project cost management principles to make informed decisions regarding resource allocation, investment prioritization, and financial risk management across projects within the organization. or Finance and Accounting Professionals: Finance and accounting professionals can benefit from learning project cost management principles to better align project costs with organizational financial objectives, improve cost forecasting accuracy, and enhance financial reporting capabilities related to project expenditures. or Project Stakeholders and Clients: Project stakeholders, including clients, sponsors, and regulatory authorities, can benefit from understanding project cost management principles to assess project feasibility, evaluate investment returns, and monitor project financial performance throughout the project lifecycle. It is particularly useful for Project Managers: Project managers can benefit significantly from understanding project cost management principles to effectively plan, budget, and control project expenditures. Mastery of cost management techniques enables project managers to ensure projects are delivered within budget constraints. or Project Team Members: Members of project teams, including team leads, coordinators, and specialists, can benefit from learning project cost management to contribute effectively to cost estimation, budgeting, and monitoring activities within their respective roles. or Executives and Senior Management: Executives and senior management personnel, including directors and business unit heads, can benefit from understanding project cost management principles to make informed decisions regarding resource allocation, investment prioritization, and financial risk management across projects within the organization. or Finance and Accounting Professionals: Finance and accounting professionals can benefit from learning project cost management principles to better align project costs with organizational financial objectives, improve cost forecasting accuracy, and enhance financial reporting capabilities related to project expenditures. or Project Stakeholders and Clients: Project stakeholders, including clients, sponsors, and regulatory authorities, can benefit from understanding project cost management principles to assess project feasibility, evaluate investment returns, and monitor project financial performance throughout the project lifecycle.

Enroll now: Master PMP Cost Management: Plan, Budget, Estimate & Control

Summary

Title: Master PMP Cost Management: Plan, Budget, Estimate & Control

Price: $44.99

Average Rating: 4.23

Number of Lectures: 33

Number of Quizzes: 4

Number of Published Lectures: 33

Number of Published Quizzes: 4

Number of Curriculum Items: 37

Number of Published Curriculum Objects: 37

Original Price: $89.99

Quality Status: approved

Status: Live

What You Will Learn

  • Understand the process of cost management within the project lifecycle.
  • Identify the key components of project cost management, including estimation, budgeting, and control.
  • Learn various techniques for estimating project costs accurately.
  • Develop skills in creating and managing project budgets effectively.
  • Explore methods for tracking and controlling project costs throughout the project lifecycle.
  • Understand the importance of cost baseline and its role in project management.
  • Learn how to analyze and manage cost variances to ensure project financial health.
  • Gain insights into cost management tools and software used in project management.
  • Explore strategies for managing and optimizing project costs without compromising quality.
  • Understand the implications of cost management decisions on overall project success and stakeholder satisfaction.

Who Should Attend

  • Project Managers: Project managers can benefit significantly from understanding project cost management principles to effectively plan, budget, and control project expenditures. Mastery of cost management techniques enables project managers to ensure projects are delivered within budget constraints.
  • Project Team Members: Members of project teams, including team leads, coordinators, and specialists, can benefit from learning project cost management to contribute effectively to cost estimation, budgeting, and monitoring activities within their respective roles.
  • Executives and Senior Management: Executives and senior management personnel, including directors and business unit heads, can benefit from understanding project cost management principles to make informed decisions regarding resource allocation, investment prioritization, and financial risk management across projects within the organization.
  • Finance and Accounting Professionals: Finance and accounting professionals can benefit from learning project cost management principles to better align project costs with organizational financial objectives, improve cost forecasting accuracy, and enhance financial reporting capabilities related to project expenditures.
  • Project Stakeholders and Clients: Project stakeholders, including clients, sponsors, and regulatory authorities, can benefit from understanding project cost management principles to assess project feasibility, evaluate investment returns, and monitor project financial performance throughout the project lifecycle.

Target Audiences

  • Project Managers: Project managers can benefit significantly from understanding project cost management principles to effectively plan, budget, and control project expenditures. Mastery of cost management techniques enables project managers to ensure projects are delivered within budget constraints.
  • Project Team Members: Members of project teams, including team leads, coordinators, and specialists, can benefit from learning project cost management to contribute effectively to cost estimation, budgeting, and monitoring activities within their respective roles.
  • Executives and Senior Management: Executives and senior management personnel, including directors and business unit heads, can benefit from understanding project cost management principles to make informed decisions regarding resource allocation, investment prioritization, and financial risk management across projects within the organization.
  • Finance and Accounting Professionals: Finance and accounting professionals can benefit from learning project cost management principles to better align project costs with organizational financial objectives, improve cost forecasting accuracy, and enhance financial reporting capabilities related to project expenditures.
  • Project Stakeholders and Clients: Project stakeholders, including clients, sponsors, and regulatory authorities, can benefit from understanding project cost management principles to assess project feasibility, evaluate investment returns, and monitor project financial performance throughout the project lifecycle.

Embark on a journey to master the art of Project Cost Management with our comprehensive PMP-focused course designed to empower project professionals to excel in the financial aspects of project management. This course, “Master PMP Cost Management: Plan, Budget & Control,” offers an in-depth exploration of the principles and practices essential for managing project costs effectively, ensuring projects are delivered within budget and financial objectives are met.

Structured around the Project Management Institute’s (PMI) guidelines, this course covers the entire spectrum of cost management, including cost estimation, budgeting, and control. You will delve into the processes of planning cost management to establish the framework and policies for cost planning, estimation, and control. Through a mix of theoretical concepts and practical applications, students will learn to identify the key components of project cost management, develop skills in creating and managing project budgets, and explore methods for tracking and controlling costs throughout the project lifecycle.

Our curriculum is designed not only to impart theoretical knowledge but also to provide practical tools and techniques. You’ll engage with on-demand video lectures, interactive quizzes, and real-world case studies that bring to life the challenges and solutions in cost management. The course is enriched with detailed sections on estimating costs using various techniques, determining budgets with precision, and mastering earned value management for performance measurement and control.

Whether you’re a seasoned project manager, a member of a project team, or an executive overseeing project portfolios, this course offers valuable insights and skills to enhance your cost management capabilities. You’ll learn about the importance of the cost baseline, strategies for managing and optimizing project costs without compromising quality, and the implications of cost management decisions on overall project success and stakeholder satisfaction.

Course Content Breakdown:

  1. Plan Cost Management – Introduction & Beyond: Kickstart your journey with a foundational understanding of planning for cost management, including essential inputs, tools, techniques, and a specialized quiz to test your knowledge.

  2. Estimate Costs – From Introduction to Outputs: Delve into the intricacies of cost estimation, learning about vital inputs, methodologies, and the outputs that guide financial planning in project management, complemented by a quiz.

  3. Determine Budget – Comprehensive Coverage: Explore the components of project budgeting, from introduction to determining budget inputs, tools, and outputs, ensuring you’re equipped to allocate financial resources effectively, including a quiz for self-assessment.

  4. Earned Value Management – Principles & Practices: Gain insights into the principles of Earned Value Management (EVM), understanding variance analysis and forecasting techniques like Estimate at Completion (EAC) and Variance at Completion (VAC), enriched with problem-solving exercises.

  5. Control Costs – Introduction to Outputs: Master the final phase of cost management by learning how to control costs effectively, from understanding inputs to analyzing outputs, with a quiz to consolidate your learning.

  6. PMP Quiz – Project Cost Management: Test your knowledge and readiness with a comprehensive PMP quiz focused on Project Cost Management, designed to challenge and refine your understanding.

Course Curriculum

Chapter 1: Introduction & Understanding the Project Cost Management Knowledge Area

Lecture 1: Introduction

Lecture 2: Project Cost Management – Introduction

Chapter 2: Planning for Project Costs

Lecture 1: Plan Cost Management – Introduction

Lecture 2: Plan Cost Management – Inputs

Lecture 3: Plan Cost Management – Tools & Techniques

Lecture 4: Plan Cost Management – Outputs

Chapter 3: How is the Estimation of the Cost of a Project Achieved?

Lecture 1: Estimate Costs – Introduction

Lecture 2: Estimate Costs – Inputs

Lecture 3: Estimate Costs – Tools & Techniques

Lecture 4: Estimate Costs – Outputs

Chapter 4: Determine the Budget of Your Project

Lecture 1: Determine Budget – Introduction

Lecture 2: Project Budget Components

Lecture 3: Funding Limit Reconciliation

Lecture 4: Determine Budget – Inputs

Lecture 5: Determine Budget – Tools & Techniques

Lecture 6: Determine Budget – Outputs

Chapter 5: Understanding Earned Value Management

Lecture 1: Earned Value Management – Introduction

Lecture 2: Principles of Earned Value Management

Chapter 6: The ever-elusive Earned Value Analysis

Lecture 1: Variance Analysis – Schedule Variance

Lecture 2: Variance Analysis – Cost Variance

Lecture 3: Variance Analysis – Schedule Performance Index

Lecture 4: Variance Analysis – Cost Performance Index

Chapter 7: Determining the Forecasting Techniques

Lecture 1: Forecasting – Estimate at Completion (EAC)

Lecture 2: Forecasting – Variance at Completion (VAC)

Lecture 3: Forecasting – Estimate to Complete (ETC)

Lecture 4: Forecasting – To Complete Performance Index – BAC Method

Lecture 5: Forecasting – To Complete Performance Index – EAC Method

Lecture 6: Earned Variance Analysis – Problems and Solutions

Chapter 8: How are Costs of a Project Controlled?

Lecture 1: Control Costs – Introduction

Lecture 2: Control Costs – Inputs

Lecture 3: Control Costs – Tools & Techniques

Lecture 4: Control Costs – Outputs

Chapter 9: PMP Exam – Project Cost Management

Lecture 1: PMP Quiz – Project Cost Management

Instructors

Rating Distribution

  • 1 stars: 0 votes
  • 2 stars: 7 votes
  • 3 stars: 18 votes
  • 4 stars: 34 votes
  • 5 stars: 55 votes

Frequently Asked Questions


How long do I have access to the course materials?


You can view and review the lecture materials indefinitely, like an on-demand channel.


Can I take my courses with me wherever I go?


Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!

You may also like

Top 10 Relationship Building Courses to Learn in November 2024

Top 10 Storytelling Courses to Learn in November 2024

Top 10 Resilience Training Courses to Learn in November 2024