Project management: how to manage project costs? PMP® prep
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Project management: how to manage project costs? PMP® prep

PMBOK® compliant guide on project cost management. Learn how to keep the budget under control and pass PMP exam.
4.4 (11 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
410 students enrolled
Last updated 1/2016
English
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Includes:
  • 1 hour on-demand video
  • 1 Article
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What Will I Learn?
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
answer CAPM and PMP exam questions about cost management
View Curriculum
Requirements
  • willingness to learn
Description

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.

Who is the target audience?
  • project managers
  • project management team members
  • project management office experts
  • project sponsor
  • CAPM and PMP candidates
  • anyone interested in project team management
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Curriculum For This Course
Expand All 31 Lectures Collapse All 31 Lectures 01:10:40
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Introduction
3 Lectures 06:22

In this lecture I say Hello and explain what you can expect in each section of this course.

Preview 02:25

In this lecture you will see some project management statistics regarding costs.

Preview 01:35

In this lecture you will learn about cost management knowledge area.

Preview 02:22
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Plan how you will manage costs
4 Lectures 10:40

In this lecture you will learn why it is important to plan cost management before you start other planning activities in this knowledge area.

Preview 01:07

In this lecture you will learn what do you need to start planning cost management.

Preview 04:19

In this lecure you will learn what tools and techiques are useful in panning cost management for a project.

How to plan cost management? (tools and techniques)
03:22

In this lecture you will learn about the Cost Management Plan, the output of the process Plan Cost Management.

Cost management plan
01:52

Plan cost management - quiz
10 questions
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Estimate costs
11 Lectures 23:08

In this lecture you will learn about importan inputs to the Estimate Costs process.

What do you need to estimate costs?
02:41

In this lecture you will learn what are the types of estimates.

Types of estimates
02:07

In this lecture you will learn what should be taken into account when developing cost estimates.

How to estimate?
01:23

In this lecture you will learn about analogous estimating, which - according to the PMBOK Guide - is one of the tools in the Estimate Costs process.

Technique 1 - Analogous estimating
01:29

In this lecture you will learn about parametric estimating, which - according to the PMBOK Guide - is one of the tools in the Estimate Costs process.

Technique 2 - Parametric estimating
01:19

In this lecture you will learn about bottom-up estimating, which - according to the PMBOK Guide - is one of the tools in the Estimate Costs process.

Technique 3 - Bottom-up estimating
00:51

In this lecture you will learn about three-point estimating, which - according to the PMBOK Guide - is one of the tools in the Estimate Costs process.

Preview 01:57

In this lecture you will learn about reserve analysis, which - according to the PMBOK Guide - is one of the tools in the Estimate Costs process.

Reserve Analysis
02:41

In this lecture you will earn other useful tools used in the process Estimate Costs.

Other tools and techniques for cost estimating
03:56

In this lecture you will learn about outputs of the process Estimate Costs.

Estimate costs - results
04:14

Estimate costs
10 questions

Course Feedback Checkpoint
00:30
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Determine budget
3 Lectures 06:52

In this lecture you will learn what actions should be takend to develop project budget.

5 steps to create the project budget
02:31

In this lecture you will learn what should be done after creation of first draft of the project budget, in order to improve it and ensure its corectness.

Budget refinements
01:21

In this lecture you will learn what are inputs, outputs, tools and techniques used in the process Determine Budget.

Determine budget - inputs, outputs, tools & techniques
03:00

Determine budget
10 questions
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Control costs
9 Lectures 19:36

In this lecture you will learn about key points of controlling project costs.

Introduction to the Control Cost process
01:18

In this lecture you will learn about inputs of Control Costs process.

What do you need to control costs?
02:07

In this lecture you will learn what activities are done in order to control project costs.

What do you actually do in this process?
01:38

In this lecture you will learn about earned value management, which is an important tool in the Control Cost process.

Earned value management
04:17

In this lecture you will learn about forecasting, which is an important tool in the Control Cost process.

Forecasting
03:28

In this lecture you will learn about to-complete performance index, which is an important technique in the Control Cost process.

To-Complete Performance Index
00:53

In this lecture you will learn about perfromance review, which is an important tool in the Control Cost process.

Variance and trend analysis
01:43

In this lecture you will learn about other tools which are useful in the Control Cost process.

Other tools to consider for cost controlling
01:45

In this lecture you will learn about outputs of the Control Cost process.

Cost Control outputs
02:27

Control costs
10 questions
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PMP preparation
1 Lecture 03:55

This lecture gives you a brief description of changes that become effective on 11th January 2016 and provides you links to additional sources: PMP Exam Content Outline and PMI's webinar about the changes.

Changes in PMP 2016
03:55
About the Instructor
Justyna Blajerska
3.7 Average rating
37 Reviews
1,368 Students
5 Courses
PMP, Experienced Project Manager, PMwars.com

Justyna Blajerska is a certified and experienced project manager. She possesses PMP® certificate since 2012 (license number: 1510822) and PRINCE2 Practitioner certificate since (license number: 02312878-01-Z8VE). She is a founder of PMWars. com - a project management knowledge base platform, where she shares her experience through useful articles and e-learning courses.

Justyna has wide professional experience in project management. Her areas of expertise are especially IT and organizational change. In her project portfolio you will find projects like a deployment of Google Apps for Business, Salesforce, Oracle eBusiness Suite and many other top applications, but also highly strategic projects of transfering processes to a Shared Service Center, mutualization of technical infrastrucures and processes optimization.

Justyna has a great passion for teaching. She is extremely engaged in the process of transfering knowledge to her students. She will surely engage you in her online classes and help you to achive your learning goals.

Please send a message to the instructor for further information.