Project Cost Management

Project Cost Management
Provider: Savvy-U
Developed by: MCM Project Management
Instructor: Brian S. Maddox, PMP, MBA
Authors: Brian Maddox, PMP and Nick Maddox, PMP
Media: Online
Course Type: Self-Paced, e-Learning
Course Length: 1 hour
Cost: $29.99
PMI PDUs: 1
NMA CEUs: .1
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Program Content
Project Cost Management supports the PMBOK® Guide - Fourth Edition. In this self-paced online course you will be introduced to Project Management Institute (PMI) based standards, tools and techniques, and interactively guided through the Project Cost Management processes. You will receive four (4) templates that will allow you to efficiently and effectively manage project costs.

Learning Objectives
Research shows that project efficiency and success can be improved through the implementation of repeatable processes, standardized toolsets, and industry proven techniques. Having an adequate framework and methodology to manage a project is critical for business organizations that today must deal with a multitude of internal and external stakeholders in an ever changing and rapid business and political environment. This interactive training will share with you industry-leading best practices in applying effective, industry proven project management tools and techniques.

Participant Level of Understanding
This program is intended for participants with a basic to intermediate knowledge level of project management.

Who Should Attend?
This training is open to anyone who wants a better understanding of how to successfully manage projects.

Prerequisites
There are no prerequisites for this training.

Advance Preparation
There is no advanced preparation required for this training.

Training Recognition and Credits
Project Management Institute (PMI) Professional Development Units (PDUs).
Upon successful completion of this course, participants will receive one (1) PDU.
National Management Association (NMA) Continuing Education Units (CEUs).
Upon successful completion of this course, participants will receive point-one (.1) CEUs.

Course Outline
  1. Introduction
    1. Instructor Introduction
    2. Course Navigation Tips
    3. About this Course
    4. What to Expect
  2. Cost Management Overview
    1. Cost Management Plan + Template
  3. Estimate Costs
    1. Estimate Costs Overview
    2. Estimate Costs Questions and Answers
      1. Estimate Costs Tools and Techniques
      2. Expert Judgment
      3. Analogous Estimating
      4. Parametric Estimates
      5. Three-Point Estimates
      6. Reserve Analysis
      7. Cost of Quality
      8. Project Management Estimating Software
      9. Vendor Bid Analysis
      10. Activity Cost Estimates
  4. Determine Budget
    1. Determine Budget Overview
    2. Determine Budget Questions and Answers
      1. Cost Performance Baseline
      2. Cost Performance Baseline and Total Project Funding
      3. Project Budget + Template
  5. Control Costs
    1. Control Costs Overview
    2. Control Costs Overview Questions and Answers + Variance Analysis Template
      1. Cost Variance (CV) Analysis
      2. Cost Performance Index (CPI) Analysis
      3. Performance Index
      4. Cost Tracking Log + Template