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Syste
m (Hardware/Software)
Requirements
| Operating
Software | Windows XP or
Higher
| | Processor | Minim
um P4 or Higher
| | RAM | 1 GB or
Higher
| | Browser | Any
| | Recommended Internet
Speed | Minimum 1MBPS
| | Supported Browser
Plug-ins | * Updated
Flash Player, * Update Java
| | Other
Requirements | Speaker or
headphone | |
Prdocut DescriptionCost management involves knowing the financial and human resources required to complete a project within an approved budget. The PMBOK describes three areas or processes for effective cost management along with Planning Cost Management:
Estimate Costs
Determine Budget
Control Costs
Estimating the Costs
The first step in cost management is to estimate the costs of each activity in the project. Costs include both human resource and physical resource costs. Because this step often occurs in the planning phase, it is important to understand that the estimated costs are your best guesses at the actual costs of each activity.
Determining the Budget
Using your best-guess estimates, the next step is to create a realistic project budget. In this step, you will determine the cost baseline and the funding requirements for the project. A good project budget will help you make key decisions with respect to the project schedule and resource allocation constraints.
Controlling the Costs
Good project managers will carefully monitor the cost of their projects. This includes watching to see where actual cost has varied from estimated cost. Cost control also involves informing the stakeholders of cost discrepancies that vary too much from the budgeted cost.
By learning how to estimate costs, determine budgets, and control costs, you can be a better project manager and leader. Effective cost management will you help you get projects done on time and under budget, the golden ticket for any successful project manager.
In this course, we will learn each of them in details.
Course Curriculum
Section1:Introduction
Lecture1:Introduction
Section2:Plan Cost Management
Lecture2:Plan Cost Management
Lecture3:Plan Cost Management Sample Questions
Section3:Estimate Costs
Lecture4:Estimate Costs
Lecture5:Estimate Costs - Inputs, Tools and Techniques
Lecture6:Estimate Costs - Tools and Techniques, Outputs
Lecture7:Sample Q&A on Estimate Costs
Section4:Determine Budget
Lecture8:Determine Budgets
Lecture9:Determine Budgets - Inputs, Tools and Techniques
Lecture10:Determine Budgets - Outputs
Lecture11:Sample Q&A on Determine Budget
Section5:Control Costs
Lecture12:Control Costs
Lecture13:Control Costs - Inputs
Lecture14:Control Costs - Tools and techniques
Lecture15:Control Costs - Tools and techniques Continues
Lecture16:EVM : Varied Situations
Lecture17:EVM - Examples, Control Costs Outputs
Lecture18:Cost Management Control Costs Key Points to Rem
Section6:Sample Q&A on Control Costs
Lecture19:Sample Q&A Part 1
Lecture20:Sample Q&A Part 2
Lecture21:Sample Q&A Part 3
Lecture22:Sample Q&A Part 4
Lecture23:Sample Q&A Part 5
Benefits
eduCBA e-campus
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Online Video Training Material
Presentation Slides
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* 24 x 7 online access* Learn from tutorials curated by expert industry professionals and trainers* Certificate of Completion* Practical application oriented skillsHow to use? (Steps to use Study Material)
Step 1 - eduCBA sends the redemption coupon along with the registration link. Step 2 - Student will register with his register email id and coupon Step 3 - Student receive the course access and password on his/her email idStep 4 - Login using your email id and password and start learningTo get more information, you may want to watch the video below
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