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The Cost Management course addresses the identification, elaboration, planning, and management of the project budget. Including selected processes from the PMI Integration, Cost, Scope and Risk Knowledge Areas, this class addresses the development of a Project Cost Estimate, Project Budget, and the Project Budget Baseline. In addition it addresses the preparation of a spending profile that supports variance analysis and corrective action using Earned Value Management. Using a combination of theory based lecture and hands on exercises, students are provided with an effective skill set for developing and controlling the project budget baseline.
Strategic Course Goals and Objectives:
Lesson 1: Strategic Course Goals and Objectives
Lesson 2: Introduction to Cost Management processes
Lesson 3: Introduction to Cost Management processes
Lesson 4: Plan Cost Management
Lesson 5: Estimate Costs
6. Determine Budget
7. Control Costs
8. Earned Value Management
9. Project Closure
This course is intended for both project team members and project managers wishing to gain a fluent working knowledge of commonly accepted best practices for planning and management of the project cost baseline. Team members and managers looking to improve their project cost estimating and cost budgeting skills and looking to improve their understanding of how to deliver their projects within budget should take this course. Students on a track to take the PMP examination should take this course.
2 Days Course