Udemy
    •  
    •  
    •  
    •  
    •  
    •  
    •  
    •  
Subscribe
Turn what you know into an opportunity and reach millions around the world.
Learn More
Your cart is empty.
Keep shopping
Creating a Project Budget (PMI - PMP)
Rating: 4.0 out of 5(117 ratings)
10,902 students

Creating a Project Budget (PMI - PMP)

Project Management Professional Certification Program (PMI-PMP)
Created bySorin Dumitrascu
Last updated 11/2025
English

What you'll learn

  • Identify activities that are part of the Project Cost Management Knowledge Area
  • Distinguish between the inputs, tools and techniques, and outputs of the Plan Cost Management process
  • Identify inputs to the Estimate Costs process
  • Distinguish between the tools and techniques you can use to estimate project costs
  • Describe how to use the bottom-up estimating technique to estimate project costs
  • Match the outputs of the Estimate Costs process to their descriptions
  • Recognize the inputs to the Determine Budget process
  • Recognize the tools and techniques you can use to determine your project budget
  • Identify the outputs of the Determine Budget process
  • Demonstrate your understanding of the Estimate Costs and Determine Budget processes

Course content

1 section • 29 lectures • 2h 22m total length

  • A day in the life of a project manager3:52

    A day in the life of a project manager

  • Course Choice, Skill Development and Prior Knowledge
  • Course Overview1:43

    In this course, you'll learn what goes into a cost management plan, how to estimate costs, and how to establish a realistic cost baseline for your project.

  • Effective Learning7:04

    Effective Learning

  • FAQs1:02

    FAQs

  • Program Overview (I)9:21

    The Project Management Professional Certification Course (PMI-PMP) includes a number of 28 sections covering the most relevant information in the Project Management Body of Knowledge (PMBOK6) developed by the Project Management Institute (PMI).

  • Program Overview (II)11:08

    The Project Management Professional Certification Course (PMI-PMP) includes a number of 28 sections covering the most relevant information in the Project Management Body of Knowledge (PMBOK6) developed by the Project Management Institute (PMI).

  • Project Management Process Group and Knowledge Area Mapping0:12

    Project Management Process Group and Knowledge Area Mapping

  • Project Cost Management Processes5:45

    After completing this topic, you should be able to identify activities that are part of the Project Cost Management Knowledge Area

  • The Science of Better Learning5:14

    The Science of Better Learning

  • Project Cost Management Overview0:18

    Project Cost Management Overview

  • The Plan Cost Management Process6:32

    After completing this topic, you should be able to distinguish between the inputs, tools and techniques, and outputs of the Plan Cost Management process

  • Plan Cost Management: Inputs, Tools & Techniques, and Outputs0:17

    Plan Cost Management: Inputs, Tools & Techniques, and Outputs

  • Inputs to Estimate Costs7:56

    After completing this topic, you should be able to identify inputs to the Estimate Costs process

  • Tools and Techniques of Estimate Costs6:09

    After completing this topic, you should be able to distinguish between the tools and techniques you can use to estimate project costs

  • Estimate Costs: Inputs, Tools & Techniques, and Outputs0:14

    Estimate Costs: Inputs, Tools & Techniques, and Outputs

  • Using the Bottom-up Technique to Estimate Costs6:06

    After completing this topic, you should be able to describe how to use the bottom-up estimating technique to estimate project costs

  • Concepts, Insights and Inquiries
  • Outputs of Estimate Costs5:30

    After completing this topic, you should be able to match the outputs of the Estimate Costs process to their descriptions

  • Determine Budget: Inputs, Tools & Techniques, and Outputs0:16

    Determine Budget: Inputs, Tools & Techniques, and Outputs

  • Inputs to Determine Budget4:46

    After completing this topic, you should be able to recognize the inputs to the Determine Budget process

  • Tools and Techniques to Determine Budget5:42

    After completing this topic, you should be able to recognize the tools and techniques you can use to determine your project budget

  • Project Budget Components0:15

    Project Budget Components

  • Outputs of Determine Budget4:55

    After completing this topic, you should be able to identify the outputs of the Determine Budget process

  • Exercise: Estimating Costs and Developing the Budget (I)11:41

    After completing this topic, you should be able to demonstrate your understanding of the Estimate Costs and Determine Budget processes

  • Exercise: Estimating Costs and Developing the Budget (II)13:42

    After completing this topic, you should be able to demonstrate your understanding of the Estimate Costs and Determine Budget processes

  • Practical Activity: Budgeting for a Mini Project
  • Creating a Project Budget (PMI - PMP)
  • Creating a Project Budget (PMI - PMP)
  • PMI Certification Info0:03

    PMI Certification Info

  • Creating a Project Budget (PMI - PMP)1:35

    In this course, you'll learn what goes into a cost management plan, how to estimate costs, and how to establish a realistic cost baseline for your project.

  • Takeaways, Practical Applications and Endorsements
  • PMI PMP Exam Outline3:07

    PMI PMP Exam Outline

  • Ready to ace the PMI-PMP Exam?0:23

    After completing the Project Management Professional Certification Program (PMP), take your preparation to the next level with the Test Prep: Project Management Professional: PMI - PMP Exam Mastery.

    Dive deep into key topics, practice with real exam scenarios, and ensure you're fully equipped to conquer the PMI exams with confidence.

  • Applied Knowledge is the Real Power17:45

    You think knowing stuff changes the game? You think sitting in a library, stacking up facts like you’re building a Jenga tower, is gonna make you a winner? Man, that’s cute. But life ain't a trivia night. Information alone? It’s worthless. It’s like having a Lamborghini in your garage but you never learned how to drive. You just sit in it, making engine noises. Vroom vroom. People walk by, they see the car, but they also see you ain't going nowhere. You got all this knowledge, all these textbooks, but when life throws a punch, you’re still looking up the definition of "duck." It’s what you *do* with that information that actually matters. Don't be the person with the shiny car and no keys.

Requirements

  • No special requirements or prerequisites are needed to take this course, but some extra reading about projects, project management, project life cycle, organizational project management, project scope, project schedule, project costs, project quality, project human resources and project communications will help.
  • Part of the Project Management Professional Certification Course (PMI-PMP)
  • Leaders, managers, entrepreneurs, professionals and project workers with or without formal project management training will improve project management skills and knowledge and will be ready to stand for formal certification.

Description

The Creating a Project Budget (PMI - PMP) is course 12 of 28 of the Project Management Professional Certification Program (PMI-PMP).

Let's face it, at the end of the day, projects are really all about profit, no matter what kind of company you work for. Even if you work for a charitable organization or government, nobody wants to see a project lose money.

That's why developing a realistic budget and then managing it well is such a critical part of project management. In this course, you'll learn what goes into a cost management plan, how to estimate costs, and how to establish a realistic cost baseline for your project.

1. Project Cost Management Processes

2. The Plan Cost Management Process

3. Inputs to Estimate Costs

4. Tools and Techniques of Estimate Costs

5. Using the Bottom-up Technique to Estimate Costs

6. Outputs of Estimate Costs

7. Inputs to Determine Budget

8. Tools and Techniques to Determine Budget

9. Outputs of Determine Budget

10. Exercise: Estimating Costs and Developing the Budget

Beyond budgeting basics, this course will equip you with strategies to handle the inevitable financial surprises that can occur in any project. You'll learn how to identify potential cost risks, develop contingency plans to mitigate them, and communicate effectively with stakeholders when budget adjustments become necessary.

That’s it! Now go ahead and push that “Take this course” button, and see you on the inside!

Who this course is for:

  • Leaders, managers, entrepreneurs, professionals and project workers with or without formal project management training will improve project management skills and knowledge and will be ready to stand for formal certification.

Report abuse