Another important indicator of a successful project is completion of the project within the approved budget which necessitates cost management. These lectures will focus on the processes involved in project cost management and will develop understanding of different concepts related to the topic around these processes. This understanding will be augmented with hands-on experience through related practical exercises.
Objectives:- To introduce project cost management and highlight its importance
- To discuss all the processes of project cost management and understand what they are used for
- To discuss inputs, tools & techniques, and outputs of all the processes of project cost management
Topics:
- Introduction
- “Estimate Costs” process
- “Determine Budget” process
- “Control Costs” process
Reading(s) before lecture(s):
- Chapter 07 of the PMBOK® Guide
- Chapter 07 of Head First PMP
