PMP 7 - Project Cost Management (Third Edition)
This course considers the general approaches to cost management, including the methods used to estimate and budget for project costs. This course also covers the interrelationship between various cost control concepts and how they can be graphed to depict project status as well as what to do as a project manager if a project is falling off track.
After completing this course you will be able to:
- Define cost management broadly, including what is cost baseline
- Understand the various approaches to project selection, including return on investment and internal rate of return
- Explain various ways to estimate and budget for costs
- Distinguish between the various aspects of cost control from earned value to actual cost and estimate to complete
- Label a graph, including what it's depicting about project status, using cost control terms
- Explain performance-reporting techniques
Note: Receive 3.5 PDUs/contact hours
This course is self-paced and online. You will have access to this course for 30 days. Upon successful completion, you will receive a Winchester Center for Management Development certificate of completion.
Target Audience: This course is designed for adult learners with some project management experience.
Level: Intermediate
Prerequisites: Learners should have some experience in project management and will need to have access to the Project Management Institute's A Guide to the Project Management Body of Knowledge, Third Edition (PMBOK® Guide).
Estimated time to complete: 3-5 hours of online course work
NOTE: As of July 1, 2009, the PMP® certification exam will align with the Fourth Edition of the PMBOK® Guide. Learners planning to take the updated exam should prepare with the PMP® Exam Prep Course (Fourth Edition).
