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

Name: Project management: how to manage project costs? PMP® prep
Rating: 4.1 (58 reviews)

PMBOK® compliant guide on project cost management. Learn how to keep the budget under control and pass PMP exam.

Created byJustyna Blajerska

Last updated 1/2016

English

What you'll 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

Course content

6 sections • 31 lectures • 1h 9m total length

Introduction2:25
In this lecture I say Hello and explain what you can expect in each section of this course.
A few statistics1:35
In this lecture you will see some project management statistics regarding costs.
Cost management in the project2:22
In this lecture you will learn about cost management knowledge area.

Why should you plan cost management?1:07
In this lecture you will learn why it is important to plan cost management before you start other planning activities in this knowledge area.
What you need before you start planning? (inputs)4:19
In this lecture you will learn what do you need to start planning cost management.
How to plan cost management? (tools and techniques)3:22
In this lecure you will learn what tools and techiques are useful in panning cost management for a project.
Cost management plan1:52
In this lecture you will learn about the Cost Management Plan, the output of the process Plan Cost Management.
Plan cost management - quiz

What do you need to estimate costs?2:41
In this lecture you will learn about importan inputs to the Estimate Costs process.
Types of estimates2:07
In this lecture you will learn what are the types of estimates.
How to estimate?1:23
In this lecture you will learn what should be taken into account when developing cost estimates.
Technique 1 - Analogous estimating1:29
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 2 - Parametric estimating1:19
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 3 - Bottom-up estimating0:51
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 4 - Three-point estimating1:57
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.
Reserve Analysis2:41
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.
Other tools and techniques for cost estimating3:56
In this lecture you will earn other useful tools used in the process Estimate Costs.
Estimate costs - results4:14
In this lecture you will learn about outputs of the process Estimate Costs.
Estimate costs
Course Feedback Checkpoint0:37

5 steps to create the project budget2:31
In this lecture you will learn what actions should be takend to develop project budget.
Budget refinements1:21
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.
Determine budget - inputs, outputs, tools & techniques3:00
In this lecture you will learn what are inputs, outputs, tools and techniques used in the process Determine Budget.
Determine budget

Introduction to the Control Cost process1:18
In this lecture you will learn about key points of controlling project costs.
What do you need to control costs?2:07
In this lecture you will learn about inputs of Control Costs process.
What do you actually do in this process?1:38
In this lecture you will learn what activities are done in order to control project costs.
Earned value management4:17
In this lecture you will learn about earned value management, which is an important tool in the Control Cost process.
Forecasting3:28
In this lecture you will learn about forecasting, which is an important tool in the Control Cost process.
To-Complete Performance Index0:53
In this lecture you will learn about to-complete performance index, which is an important technique in the Control Cost process.
Variance and trend analysis1:43
In this lecture you will learn about perfromance review, which is an important tool in the Control Cost process.
Other tools to consider for cost controlling1:45
In this lecture you will learn about other tools which are useful in the Control Cost process.
Cost Control outputs2:27
In this lecture you will learn about outputs of the Control Cost process.
Control costs

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 this course is for:

project managers
project management team members
project management office experts
project sponsor
CAPM and PMP candidates
anyone interested in project team management

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

What you'll learn

Explore related topics

Course content

Introduction3 lectures • 6min

Plan how you will manage costs4 lectures • 11min

Estimate costs11 lectures • 23min

Determine budget3 lectures • 7min

Control costs9 lectures • 20min

PMP preparation1 lecture • 4min

Requirements

Description

Who this course is for: