Projects Cost Management, Estimating, Budgeting and Control.

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Last updated on April 8, 2021 10:05


What you’ll learn

  • How to estimate costs for a project
  • How to determine project budget
  • How to control project costs
  • How to use Earned Value Management indicators

This course consist of two parts. The fist part is a theoretical explanation based on the cost management chapter from PMBOK (the book that is used for PMP certificate) and the second part is a practical example about how to apply the theoretical part..

Both parts talk about three main topics:

  1. How to estimate costs for activities in the project, which also include:

    • Types of Costs

    • Estimating costs tools and techniques.

    • Handling Risk Reserves costs

    • Cost of Quality

    • Documenting the costs basis of estimates

  2. How to determine project budget, which also include:

    • Determine cost baseline

    • Estimate funding requirements

    • Determine project budget

  3. How to Control Project Costs, through: 

    • Using Earned Value Management Techniques to assess project performance

    • Calculating CPI, SPI, CV, SV

    • Forecasting project costs y using Earned Value Management Tools

Who this course is for:

  • Engineering and IT practitioners
  • Anyone interrested in project management

Course content

  • Introduction
  • Theoritical Part
  • Project Simulation and Detailed Example

Created by : Saad Almeri


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