Description
Project cost management is not just a finance task. It influences decisions, scope, risk, timelines, and stakeholder confidence from start to finish. When estimates are weak or budgets are unrealistic, projects pay the price through surprises, rework, and difficult trade-offs.
This course gives you a clear four-step method to manage the financial dimension of a project with confidence and discipline. You will work through the full cost management cycle and learn practical tools and techniques you can apply immediately:
- Plan Financial Management
- Estimate Costs
- Develop the Budget
- Control Costs
By the end of the course, you will be better equipped to prevent cost issues before they occur and respond quickly when they do. The course also supports learners preparing for the PMP® exam by addressing some of the most challenging cost management question areas.
Professional Development Units (PDUs)
This course is eligible for Professional Development Units (PDUs) from the Project Management Institute (PMI). Participants must attend a minimum of 90% of the course to qualify. Attendance is tracked in 15-minute increments in accordance with PMI requirements.
13 PDUs total:
- 11 Way of Working | 1 Power Skills | 1 Business Acumen
Learning Outcomes
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Apply practical strategies to plan, monitor, and control project costs and finances effectively.
- Develop reliable project cost estimates using proven estimating methods.
- Implement cost-related change control procedures to manage budget impacts.
- Analyze project performance using Earned Value Analysis (EVA).
- Evaluate forecasted benefits and Return on Investment (ROI) based on cost performance data.
Duration
12 hours
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