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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
Keeping Your Project on Budget (PMBOK® Guide Fifth Edition) $74.95

Bundle Price: $99.00
Total Savings: $50.90


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

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
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Project Cost (PMBOK® Guide Fifth Edition) e-learning bundle
  • Course ID:
    271486
  • Duration:
    n/a
  • Price:
    $99