Cost Management
Estimating and Managing Costs
USD 10.00
Learning Objectives:
- Describe methods of estimating costs.
- Identify the effects of project phase and complexity on the choice of estimating method.
- Describe the method of combining cost estimates with a schedule to create a budget.
- Describe methods to manage cash flow.
- Describe the terms and relationships of budget factors used in earned value analysis.
- Calculate and interpret budget and schedule variances.
- Calculate and interpret the schedule performance index and the cost performance index.
- Calculate and interpret estimates to complete the project.
- Calculate the revised final budget.
Other course details:
- This is an introductory course that does not require any prerequisite.
- This course can be taken on a standalone basis.
- This course is chapter 9 in the book titled "Project Management from Simple to Complex".
- It provides 2 PDU (Technical skill) towards your PMP professional development education.
Course Features
Credits:
2 PDU
Skill section:
Technical
Access:
Lifetime
Test questions:
15