You get:
- 30 lectures
- 2 hours of content
- Practical quizes
- Lifetime access
- 30 days money back guarantee!
- Available on iOS and Android
- Certificate of Completion
- Contact with instructor and other students
Would you like to learn how to elaborate project budget and keep the costs under control?
Learn best practices of project cost management and make a positive change in your career.
- Plan Cost Management
- Estimate Costs
- Determine Budget
- Control Costs
Cost management is not a secret knowledge requiring accounting expertise. You can learn it on your own!
High-quality videos and engaging quizzes don’t let you get bored!
This course will give you a deep understanding of the cost management aspect of projects. You will learn how to plan in advance the processes of cost management, and how to apply best tools and methods to estimate costs, determine budget and control project costs.
- Earned value management
- TCPI
- Cost and schedule performance index
- Analogous, parametric, bottom-up and three-point estimating
Professional methods and tools at your fingerprint!
The course is driven by the best practices of the PMBOK® Guide, which is the globally recognized standard for the project management profession. Learn their best practices and join the community of project management professionals.
Do you want to pass PMP exam? This course is for you! It covers all processes in project cost management and can perfectly prepare you to the exam by practicing challenging quiz questions.
What is the target audience?
- project managers
- project assistants
- project management team members
- project management office experts
- project sponsor
- CAPM and PMP candidates
- anyone interested in project team management
What will I learn at the end of the course?
- plan in advance the cost management in the project
- elaborate cost management plan
- estimate costs required to accomplish project activities
- determine project budget
- assess project cost performance
- pass CAPM and PMP exam questions about cost management
Curriculum
| Section 1: Introduction | |||
| Introduction | 02:25 | ||
| A few statistics | 01:35 | ||
| Cost management in the project | 02:22 | ||
| Section 2: Plan how you will manage costs | |||
| Why should you plan cost management? | 01:07 | ||
| What you need before you start planning? (inputs) | 04:19 | ||
| How to plan cost management? (tools and techniques) | 03:22 | ||
| Cost management plan | 01:52 | ||
| Plan cost management – quiz | 10 questions | ||
| Section 3: Estimate costs | |||
| What do you need to estimate costs? | 02:41 | ||
| Types of estimates | 02:07 | ||
| How to estimate? | 01:23 | ||
| Technique 1 – Analogous estimating | 01:29 | ||
| Technique 2 – Parametric estimating | 01:19 | ||
| Technique 3 – Bottom-up estimating | 00:51 | ||
Technique 4 – Three-point estimating | Preview on youtube  |
01:57 | ||
| Reserve Analysis | 02:41 | ||
| Other tools and techniques for cost estimating | 03:56 | ||
| Estimate costs – results | 04:14 | ||
| Estimate costs | 10 questions | ||
| Course Feedback Checkpoint | Text | ||
| Section 4: Determine budget | |||
| 5 steps to create the project budget | 02:31 | ||
| Budget refinements | 01:21 | ||
| Determine budget – inputs, outputs, tools & techniques | 03:00 | ||
| Determine budget | 10 questions | ||
| Section 5: Control costs | |||
| Introduction to the Control Cost process | 01:18 | ||
| What do you need to control costs? | 02:07 | ||
| What do you actually do in this process? | 01:38 | ||
| Earned value management | 04:17 | ||
| Forecasting | 03:28 | ||
| To-Complete Performance Index | 00:53 | ||
| Variance and trend analysis | 01:43 | ||
| Other tools to consider for cost controlling | 01:45 | ||
| Cost Control outputs | 02:27 | ||
| Control costs | 10 questions | ||