The dollar, particularly in the area of keeping score, impacts all project activities, not just the financial ones. Poor estimates, unrealistic budgets, return on investment that falls short of expectations, poor change control and generally poor financial management are common problems. They usually reflect a lack of knowledge and awareness of the processes, tools, and techniques that are available for managing project costs effectively. This workshop provides you with a clear four-step process for managing costs: plan cost management, estimate costs, determine budget, and control costs. You will learn which tools to apply and the practical techniques for each step. The skills you will develop will enable you to resolve some problems before they occur and to respond quickly to the rest.
Prerequisites: participants must have taken the Comprehensive Project Management Basics workshop (formerly titled Project Management) or equivalent.
This course can provide up to 12 PDUs / contact hours towards attaining or maintaining the Project Management Professional (PMP)® designation. Participants must submit the request to PMI via the Continuing Certification Requirements System (CCRS).
Professional Development Units are allocated according to the number of training hours completed by the student and may be granted by increments of 0.25 PDU for each 15 minutes of training. A participation certificate will be given to students who attend a minimum of 75% of the course.