Course Information
Registration period
Year-round Recruitment
Course Level
Study Mode
Duration
2 Hour(s) 55 Minute(s)
Language
English
Taught by
Sorin Dumitrascu
Rating
1 views
Course Overview
Project Management Professional Certification Program (PMI-PMP)
The Keeping Your Project on Budget (PMI - PMP) is course 13 of 28 of the Project Management Professional Certification Program (PMI-PMP).
Establishing the budget for a project is a vital process in project management. Yet, it means nothing if the budget is not adhered to. Controlling project cost is critical to meeting a project's budgeted targets.
And monitoring cost performance can mean the difference between the success and failure of a project. In this course, you'll learn about the control cost process. Including helpful techniques you can use to keep your project on budget.
1. Inputs to Control Costs
2. Tools and Techniques to Control Costs
3. Earned Value and Cost Performance
4. Forecasting Using the EAC
5. To-complete Performance Index (TCPI)
6. Outputs of Control Costs
7. Calculating the Planned Value and Earned Value
8. Comparing Schedule Performance against the Plan
9. Comparing Cost Performance against the Plan
10. Determining Project Performance
11. Determining Project Performance
12. Determining Estimate at Completion
13. Determining Estimate at Completion
14. Exercise: Controlling Project Costs
Project budgets rarely remain static. In this course, you'll also gain the skills to handle unexpected costs, scope changes, and potential risks. We'll cover methods to proactively identify cost-influencing factors, along with strategies for creating contingency plans to safeguard your project's financial success.
That’s it! Now go ahead and push that “Take this course” button, and see you on the inside!
Course Content
- 1 section(s)
- 32 lecture(s)
- Section 1 Keeping Your Project on Budget
What You’ll Learn
- Identify the inputs to the Control Cost process
- Recognize the tools and techniques you can use to control project costs
- Match earned value management values with their formulas
- Recognize the situations in which different estimate at completion (EAC) formulas are used
- Calculate the to-complete performance index (TCPI) for a project given earned value management (EVM) figures
- Recognize how outputs of the Control Costs process are used
- Calculate the planned value and earned value, given the budget, percent of time passed, and percent of work completed
- Calculate the schedule variance and schedule performance index, given the earned value and planned value
- Calculate the cost variance and cost performance index, given the earned value and actual costs
- Determine project performance, given a set of raw data points
- Utilize work performance data to determine project performance
- Determine the estimate at completion, using the formulas in different scenarios
- Determine Estimate at Completion, in different scenarios
- Demonstrate your understanding of the Control Costs process
Skills covered in this course
Reviews
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NNina Tkachenko
Outdated, not informative, no visual information or real examples
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NNatalie Falotico
A lot of good material , I learned a lot throughout this course. The only thing I would change is to add more visuals during the slides.
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SStelian Radu
I can't believe how much I learned in the Keeping Your Project on Budget (PMI - PMP) course. Sorin is an excellent instructor and his training methods are impressive! It's no wonder that this man has such a successful career as an expert with projects like these under his belt-they're pretty smart ideas, too.
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GG. Artz
The Keeping Your Project on Budget course is an excellent way to get your budgeting game up in order. I had no idea how much time and money was being wasted before taking this class, it's been life-changing! Sorin has such a gift for making these topics interesting without ever getting boring or technical; he really knows what his students need from him so they can learn while having fun at the same time .
