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Description:

This is a bundled training package. It contains training for each of the bundled items below:

Course Price
Creating a Project Budget (PMBOK® Guide Fifth Edition) $74.95
Procurement Planning (PMBOK® Guide Fifth Edition) $74.95
Keeping Your Project on Budget (PMBOK® Guide Fifth Edition) $74.95
Procurement Management (PMBOK® Guide Fifth Edition) $74.95

Bundle Price: $169.00
Total Savings: $130.80


Creating a Project Budget (PMBOK® Guide Fifth Edition)

Accurately forecasting the cost of future projects is vital to the success of projects and the survival of any business. Project managers must have the ability to not only identify what work is required at the onset of a project, but precisely forecast how much that work is going to cost throughout the duration of the project. This course provides an overview of estimating and budgeting project costs in the Project Cost Management Knowledge Area, and introduces best practices outlined in A Guide to the Project Management Body of Knowledge (PMBOK® Guide) – Fifth Edition, published by the Project Management Institute (PMI®). Specifically, this course covers planning how to manage project costs, gathering cost information from numerous sources and then utilizing that information, and using tools and techniques such as bottom-up estimating and reserve analysis for estimating costs. Learners will also determine the project budget by calculating reserves and funding requirements. This course provides a foundational knowledge base reflecting the most up-to-date project management information, so learners can effectively put principles to work in their own organizations. This course will assist in preparing the learner for the PMBOK® certification exam. This course will assist in preparing learners for the PMI® certification exam. This course is aligned with the PMBOK® Guide – Fifth Edition, published by PMI®, Inc., 2013. Copyright and all rights reserved. Material from this publication has been reproduced with the permission of PMI®.
  • identify activities that are part of the Project Cost Management knowledge area
  • identify the inputs, tools and techniques, and outputs of the Plan Cost Management process
  • identify inputs to the Estimate Costs process
  • recognize how tools and techniques of the Estimate Costs process are used
  • describe how to use the bottom-up estimating technique to estimate project costs
  • match the outputs of the Estimate Costs process to their descriptions
  • identify inputs of the Determine Budget process
  • recognize how the tools and techniques of the Determine Budget process are used
  • identify the outputs of the Determine Budget process
  • demonstrate your understanding of the Estimate Costs and Determine Budget processes

Procurement Planning (PMBOK® Guide Fifth Edition)

Projects routinely require materials, consultants, training, products, and equipment, along with many other types of goods and services. Project procurement is the process of purchasing products and services necessary to fulfill the objectives of a project. Procurements must be carefully planned and administered to ensure they do not cause a project to go over budget or fall behind schedule. In this course, learners will gain an understanding of what processes are involved in planning project procurement and how these processes interact with the overall project life cycle. Common tools and techniques for planning project procurement will be covered, including make-or-buy analysis. Learners will be introduced to the process of developing a procurement management plan and determining which procurement contract best suits the project's needs, which are both vital to ensuring a project manager is able to procure the products or services for project success. This course will assist in preparing learners for the PMI® certification exam. This course is aligned with A Guide to the Project Management Body of Knowledge (PMBOK® Guide) - Fifth Edition, published by the Project Management Institute (PMI®), Inc., 2013. Copyright and all rights reserved. Material from this publication has been reproduced with the permission of PMI®.
  • label individuals in a scenario as either buyer or sellers
  • determine whether a given contract term will reduce the risk for the buyer or for the seller
  • match each procurement planning input to the description of how it is used in the procurement planning process
  • identify types of fixed-price contracts
  • classify agreements as either cost-reimbursable or time-and-materials contracts
  • determine the best course of action between making, buying, or leasing a product, given cost data
  • identify tools and techniques used to plan procurement management
  • identify outputs of the Plan Procurements Management process
  • recognize examples of documents used to solicit prospective vendors
  • demonstrate your understanding of the Plan Procurement Management process

Keeping Your Project on Budget (PMBOK® Guide Fifth Edition)

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 costs is critical to meeting a project's budget targets, and monitoring cost performance can mean the difference between the success and failure of a project. This course provides an overview of the Control Costs process. It introduces the best practices outlined in A Guide to the Project Management Body of Knowledge (PMBOK® Guide) - Fifth Edition, published by the Project Management Institute (PMI®). Specifically, the course examines the inputs, tools and techniques, and outputs of the Control Costs process. In terms of the tools and techniques, it shows how to monitor cost performance through earned value management (EVM), forecasting, and other techniques such as to-complete performance index (TCPI) and reserve analysis. It also demonstrates how to calculate planned value, earned value, actual cost, schedule and cost variance, and schedule performance and cost performance indices. This course provides a foundational knowledge base reflecting the most up-to-date project management information so learners can effectively put principles to work at their own organizations. This course will assist in preparing the learner for the PMI® certification exam. This course is aligned with the PMBOK® Guide - Fifth Edition, published by PMI®, Inc., 2013. Copyright and all rights reserved. Material from this publication has been reproduced with the permission of PMI®.
  • identify the inputs to the Control Cost process
  • match earned value management values with their formulas
  • calculate cost performance index, given a project's earned value management (EVM) figures
  • recognize the situations in which different estimate at completion (EAC) formulas are used
  • calculate a project's estimate at completion (EAC), given earned value management (EVM) figures
  • calculate the to-complete performance index (TCPI) for a project given earned value management (EVM) figures
  • match tools and techniques of the Control Costs process with their descriptions
  • recognize how outputs of the Control Costs process are used
  • demonstrate your understanding of the Control Costs process

Procurement Management (PMBOK® Guide Fifth Edition)

Managing the procurement process can sometimes seem like a project all in itself, as it generally involves a number of detailed and time-consuming steps – from obtaining seller responses, selecting a seller, and awarding the contract, to managing the procurement relationship. This is the second course in the Project Procurement Management Knowledge Area and covers three processes: Conduct Procurements, Control Procurements, and Close Procurements. Specifically, learners will be introduced to proposal evaluation techniques, procurement negotiations, and handling claims and disputes. The course will also cover the components of procurement documents and a contract file for controlling procurements, as well as techniques for closing procurements. This course is aligned with A Guide to the Project Management Body of Knowledge (PMBOK® Guide) – Fifth Edition, published by the Project Management Institute (PMI®), Inc., 2013. Copyright and all rights reserved. Material from this publication has been reproduced with the permission of PMI®. This course will assist in preparing learners for the PMI® certification exam.
  • match inputs to conducting procurements with descriptions of how they are used
  • match examples of procurement techniques with the stage of procurement in which they are used
  • recognize examples of the outputs of the Conduct Procurements process
  • match the inputs to the Control Procurements process with the information they provide
  • recognize examples of techniques for controlling ongoing project procurements
  • recognize examples of techniques for controlling project procurements when there are changes or disputes
  • match the outputs of the Control Procurements process to examples
  • recognize examples of information a project manager needs in order to close procurements
  • determine the appropriate procurement closure technique to use in a given situation
  • identify examples of the outputs of the Close Procurements process
  • demonstrate your understanding of processes used to manage project procurements
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Procurement and Project Budgeting PMBOK® Guide Fifth Edition e-learning bundle
  • Course ID:
    267694
  • Duration:
    n/a
  • Price:
    $169