Keeping Your Project on Budget (PMI – PMP)

Keeping Your Project on Budget (PMI – PMP), available at $54.99, has an average rating of 4.6, with 32 lectures, 1 quizzes, based on 87 reviews, and has 11113 subscribers.

You will learn about Identify the inputs to the Control Cost process Recognize the tools and techniques you can use to control project costs Match earned value management values with their formulas Recognize the situations in which different estimate at completion (EAC) formulas are used Calculate the to-complete performance index (TCPI) for a project given earned value management (EVM) figures Recognize how outputs of the Control Costs process are used Calculate the planned value and earned value, given the budget, percent of time passed, and percent of work completed Calculate the schedule variance and schedule performance index, given the earned value and planned value Calculate the cost variance and cost performance index, given the earned value and actual costs Determine project performance, given a set of raw data points Utilize work performance data to determine project performance Determine the estimate at completion, using the formulas in different scenarios Determine Estimate at Completion, in different scenarios Demonstrate your understanding of the Control Costs process This course is ideal for individuals who are Leaders, managers, entrepreneurs, professionals and project workers with or without formal project management training will improve project management skills and knowledge and will be ready to stand for formal certification. It is particularly useful for Leaders, managers, entrepreneurs, professionals and project workers with or without formal project management training will improve project management skills and knowledge and will be ready to stand for formal certification.

Enroll now: Keeping Your Project on Budget (PMI – PMP)

Summary

Title: Keeping Your Project on Budget (PMI – PMP)

Price: $54.99

Average Rating: 4.6

Number of Lectures: 32

Number of Quizzes: 1

Number of Published Lectures: 32

Number of Published Quizzes: 1

Number of Curriculum Items: 38

Number of Published Curriculum Objects: 38

Original Price: $19.99

Quality Status: approved

Status: Live

What You Will Learn

Identify the inputs to the Control Cost process
Recognize the tools and techniques you can use to control project costs
Match earned value management values with their formulas
Recognize the situations in which different estimate at completion (EAC) formulas are used
Calculate the to-complete performance index (TCPI) for a project given earned value management (EVM) figures
Recognize how outputs of the Control Costs process are used
Calculate the planned value and earned value, given the budget, percent of time passed, and percent of work completed
Calculate the schedule variance and schedule performance index, given the earned value and planned value
Calculate the cost variance and cost performance index, given the earned value and actual costs
Determine project performance, given a set of raw data points
Utilize work performance data to determine project performance
Determine the estimate at completion, using the formulas in different scenarios
Determine Estimate at Completion, in different scenarios
Demonstrate your understanding of the Control Costs process

Who Should Attend

Leaders, managers, entrepreneurs, professionals and project workers with or without formal project management training will improve project management skills and knowledge and will be ready to stand for formal certification.

Target Audiences

Leaders, managers, entrepreneurs, professionals and project workers with or without formal project management training will improve project management skills and knowledge and will be ready to stand for formal certification.

The Keeping Your Project on Budget (PMI – PMP)is course 13 of 28 of the Project Management Professional Certification Program (PMI-PMP).

Establishing the budget for a project is a vital process in project management. Yet, it means nothing if the budget is not adhered to. Controlling project cost is critical to meeting a project’s budgeted targets.

And monitoring cost performance can mean the difference between the success and failure of a project. In this course, you’ll learn about the control cost process. Including helpful techniques you can use to keep your project on budget.

1. Inputs to Control Costs
2. Tools and Techniques to Control Costs
3. Earned Value and Cost Performance
4. Forecasting Using the EAC
5. To-complete Performance Index (TCPI)
6. Outputs of Control Costs
7. Calculating the Planned Value and Earned Value
8. Comparing Schedule Performance against the Plan
9. Comparing Cost Performance against the Plan
10. Determining Project Performance
11. Determining Project Performance
12. Determining Estimate at Completion
13. Determining Estimate at Completion
14. Exercise: Controlling Project Costs

Project budgets rarely remain static. In this course, you’ll also gain the skills to handle unexpected costs, scope changes, and potential risks. We’ll cover methods to proactively identify cost-influencing factors, along with strategies for creating contingency plans to safeguard your project’s financial success.

That’s it! Now go ahead and push that “Take this course” button, and see you on the inside!

Course Curriculum

Chapter 1: Keeping Your Project on Budget

Lecture 1: A day in the life of a project manager

Lecture 2: Course Overview

Lecture 3: Effective Learning

Lecture 4: FAQs

Lecture 5: Program Overview (I)

Lecture 6: Program Overview (II)

Lecture 7: Project Management Process Group and Knowledge Area Mapping

Lecture 8: Inputs to Control Costs

Lecture 9: The Science of Better Learning

Lecture 10: Control Costs: Inputs, Tools & Techniques, and Outputs

Lecture 11: Tools and Techniques to Control Costs

Lecture 12: Earned Value and Cost Performance

Lecture 13: Forecasting Using the EAC

Lecture 14: To-complete Performance Index (TCPI)

Lecture 15: Outputs of Control Costs

Lecture 16: Calculating the Planned Value and Earned Value

Lecture 17: Comparing Schedule Performance against the Plan

Lecture 18: Earned Value, Planned Value, and Actual Costs

Lecture 19: Comparing Cost Performance against the Plan

Lecture 20: Determining Project Performance (I)

Lecture 21: Determining Project Performance (II)

Lecture 22: To-Complete Performance Index (TCPI)

Lecture 23: Determining Estimate at Completion (I)

Lecture 24: Determining Estimate at Completion (II)

Lecture 25: Earned Value Calculations Summary Table

Lecture 26: Exercise: Controlling Project Costs (I)

Lecture 27: Exercise: Controlling Project Costs (II)

Lecture 28: PMI Certification Info

Lecture 29: Keeping Your Project on Budget (PMI – PMP)

Lecture 30: PMI PMP Exam Outline

Lecture 31: Ready to ace the PMI-PMP Exam?

Lecture 32: What's next?

Instructors

Sorin Dumitrascu
Management trainer

Rating Distribution

1 stars: 3 votes
2 stars: 0 votes
3 stars: 11 votes
4 stars: 17 votes
5 stars: 56 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!

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