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:
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
How to determine project budget, which also include:
Determine cost baseline
Estimate funding requirements
Determine project budget
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
3 sections • 26 lectures • 2h 41m total length
1 lecture • 1minIntroduction
17 lectures • 1hr 32minTheoritical Part
What is Cost Management?
Direct and Indirect Costs
Cost Estimates and Basis of Estimates
Earned Value Formulas
Earned Value Example
Forecasting Three Scenarios
8 lectures • 1hr 8minProject Simulation and Detailed Example
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.