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30-Day Money-Back Guarantee

This course includes:

  • 2.5 hours on-demand video
  • Full lifetime access
  • Access on mobile and TV
Business Project Management Project Cost Management

Projects Cost Management, Estimating, Budgeting and Control.

Learn how to estimate costs for any project, how to determine budget and how to use Earned Value Management tools. 3 PDU
Rating: 3.9 out of 53.9 (433 ratings)
31,548 students
Created by Saad Almeri
Last updated 7/2020
English
English [Auto]
30-Day Money-Back Guarantee

What you'll learn

  • How to estimate costs for a project
  • How to determine project budget
  • How to control project costs
  • How to use Earned Value Management indicators

Requirements

  • No prerequisites

Description

This course consist of two parts. The fist part is a theoretical explanation based on the cost management chapter from PMBOK (the book that is used for PMP certificate) and the second part is a practical example about how to apply the theoretical part..

Both parts talk about three main topics:

  1. How to estimate costs for activities in the project, which also include:

    • Types of Costs

    • Estimating costs tools and techniques.

    • Handling Risk Reserves costs

    • Cost of Quality

    • Documenting the costs basis of estimates

  2. How to determine project budget, which also include:

    • Determine cost baseline

    • Estimate funding requirements

    • Determine project budget

  3. How to Control Project Costs, through: 

    • Using Earned Value Management Techniques to assess project performance

    • Calculating CPI, SPI, CV, SV

    • Forecasting project costs y using Earned Value Management Tools

Who this course is for:

  • Engineering and IT practitioners
  • Anyone interrested in project management

Course content

3 sections • 26 lectures • 2h 41m total length

  • Preview01:28

  • What is Cost Management?
    02:57
  • Direct and Indirect Costs
    02:50
  • Analogous Estimating
    02:36
  • Parametric Estimation
    04:09
  • Three-Point Estimating
    02:27
  • Reserve Analysis
    09:42
  • Cost Estimates and Basis of Estimates
    02:59
  • Cost Baseline
    06:18
  • Funding Requirements
    03:45
  • Earned Value Formulas
    07:07
  • Project Status
    05:39
  • Earned Value Example
    08:02
  • Forecasting Three Scenarios
    15:39
  • Forecasting Example
    03:06
  • To-Complete-Performance-Index TCPI
    06:27
  • Performance Reviews
    02:44
  • Recap
    06:02

  • Direct and Indirect Costs
    04:30
  • Cost Estimates and Reserve Analysis
    20:10
  • Cost Baseline and Project Budget
    03:25
  • Basis of Estimate
    02:28
  • Funding Requirements
    07:14
  • Earned Value Calculation
    15:20
  • Forecasting
    09:13
  • TCPI
    05:20

Instructor

Saad Almeri
M.Sc, PMP
Saad Almeri
  • 4.1 Instructor Rating
  • 2,794 Reviews
  • 71,992 Students
  • 3 Courses

Civil Engineer specialized in Cost and Planning, working in Sweden in a multibillion metro project. Holds a master's in project management from Chalmers University of Technology in Sweden, and PMP Certified from PMI, USA.

Areas of expertise are cost estimating, control and monitoring projects, scheduling, budgeting and project controls.

For more info, you can check my profile in Linkedin.

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