Project Management
Project Cost Management
Live Instructor-Led Classroom Training
This program provides participants with the skills and processes necessary to estimate the costs and resources necessary for the project. The learning path demonstrates how resource planning, cost estimation, budgeting and control are applied to close the project on time and within budget. Participants will develop a cost baseline and develop techniques and strategies to control costs throughout the life of the project.
This 2-day workshop is a combination of lecture combined with hands-on exercises and simulations to reinforce the learning.
Who Should Attend
This workshop is aimed at those who have an interest in the principles of project management, in particular those who wish to learn how to effectively deal with cost management. It is beneficial for everyone from the trainee project manager to the more experienced person responsible for managing and leading projects.
Workshop Objectives
- Identify project objectives and justification.
- Create resource pool description.
- Use the work breakdown structure (WBS) to estimate project costs.
- Calculate estimate costs for the project.
- Apply methods and budgeting concepts to develop a the budget.
- Execute Cost Baseline.
- Discuss the factors which affect the budget.
- Avoid common estimating pitfalls.
- Learn how to control and manage costs throughout the project.