Course

Course Summary
Credit Type:
Course
ACE ID:
PMLG-0005
Organization:
Project Management Leadership Group, Inc.
Location:
Classroom-based
Length:
8 hours (1 day)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Upper-Division Baccalaureate 1 Management or Project Management
NOTE: To receive credit, the student must complete this course plus two other courses from Contract and Vendor Management, Effective Negotiation Skills, Facilitation and Communication, How to be a Great Project Leader, or Requirements Management Workshop.
Description

Objective:

The course objective is to provide instruction in how to effectively estimate project costs and manage project budgets.

Learning Outcomes:

  • Discuss what cost management is and what it involves
  • Use project selection techniques, demonstrate an understanding of the concepts and techniques for managing project costs including cost estimating, cost budgeting, and cost control
  • Practice application of the techniques

General Topics:

  • The relationship of cost management to the PMBoK Guide, cost management vocabulary, resources required for a project, cost estimating processes and needs, developing cost estimations, project cost budgets, the concepts of cost control and the cost management plan, and calculating and using earned value measurements
Instruction & Assessment

Instructional Strategies:

  • Audio Visual Materials
  • Case Studies
  • Classroom Exercise
  • Discussion
  • Learner Presentations
  • Lectures
  • Practical Exercises
Supplemental Materials