Course Objectives

• This Course Objective Hasn't Been Provided Yet

Target Audience

Project managers who seek to estimate costs for the activities of their projects, manage project budgets, and learn the different methods that can help in saving project costs. PiB has been reviewed and approved by the PMI® Authorized Training Partner Program. This course is worth 30 Professional Development Units (PDUs).

• Overview
  • Project life cycle
  • Project cost management processes
  • Cost management plan
• Capital budgeting
  • Business case
  • Capital budgeting techniques
    • Benefit/Cost Ratio (B/C)
    • Return on Investment (ROI)
    • Payback Period (PBP)
    • Net Present Value (NPV)
    • Internal Rate of Return (IRR)
    • Decision Tree/Expected Monetary Value (EMV)
• Cost estimation
  • Building work breakdown structure
  • Estimation accuracy
  • Cost estimating techniques
    • Expert judgement
    • Analogous estimating
    • Parametric modeling
    • Bottom-up estimating
    • Three-point estimating
• Project budgeting
  • Cost aggregation
  • Preparing budgets
  • Types of costs
  • Contingency reserves
  • Cost baseline
  • Management reserves
  • Funding limit reconciliation
  • Cashflow management
  • Project cost optimization
• Cost saving strategies
  • Cost saving strategies for projects
    • Optimize the use of labor
    • Smooth workloads
    • Improve quality of your processes
  • Value stream mapping
• Earned value management
  • Variance analysis
  • Earned value analysis
  • Cost performance metrics
  • Schedule performance metrics
  • Forecasting your project
  • Control account management

This course hasn't been scheduled yet, however you can request for In-House training