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Project Cost Management

September 29 - 30, 2008
8:30 AM - 4:30 PM
Instructor: RG Freeman GroupWashington, DC$895

February 19 - 20, 2009
8:30 AM - 4:30 PM
Instructor: Donald BethmanWashington, DC$945

May 18 - 19, 2009
8:30 AM - 4:30 PM

Virginia Beach, VA$945

September 28 - 29, 2009
8:30 AM - 4:30 PM
Instructor: RG Freeman GroupWashington, DC$945

Overview:
The first step in successfully managing a project's costs is to have a project budget that realistically reflects the costs for executing the project. Project Cost Management addresses the identification, elaboration, planning, development and management of the project budget. Using best practices you learn how to develop a project cost estimate, project budget and the project budget baseline. In addition, you practice the preparation of a spending profile that supports variance analysis and corrective action using earned value management (EVM). You gain an effective skill set for developing and controlling the project budget baseline.

Note: This course is aligned with the Project Management Institute's Project Management Body of Knowledge (PMBOK®) Guide-3rd Edition, which covers all related best practices.

This course is also part of the Certificate of Accomplishment in Project Management.

Who Should Attend?
Project managers, team members and others who want to apply best practices to improve their project cost estimating and budgeting skills.
Additional Information:
14 PDU (Professional Development Units)
Objectives:
  • Discuss cost estimating methods
  • Leverage best practice cost and schedule concepts
  • Apply tools and techniques to make accurate cost decisions
  • Interpret and analyze cost performance
  • Develop and manage the cost budget and cost baseline
  • Syllabus:
    Day 1
    • Module-1. Course Introduction
    • Module-2. Project Management in Context
    • Module-3. The PMI Framework
    • Module-4. The Triple Constraint Model
    • Module-5. Introduction to Cost Management
    • Module-6. Cost Estimating
    Day 2
    • Module-7. ANSI Standard Process 7.2-Cost Budgeting
    • Module-8. ANSI Standard Process 7.3-Cost Control
    • Module-9. Course Closeout


    Course Details
    CODE:  PROJ8292D
    TYPE:  Classroom-Day
    LENGTH:  2 Day(s)
    CREDIT:  1.4 CEU
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