COST MANAGEMENT [Develop and control project budget baselines.]

COURSE DESCRIPTION:

The first step in successfully managing a project costs is to have a project budget that realistically reflects the costs for executing the project.

This Project Cost Management course addresses the identification, elaboration, planning, development and management of the project budget. Using best practices, you will learn how to develop a project cost estimate, project budget and project budget baseline. In addition, practice the preparation of a spending profile that supports variance analysis and corrective action using earned value management (EVM).

This course gives project managers the tools they need to develop reliable cost estimates by assessing necessary project resources, applying one or more cost estimating methods, adjusting the estimates based on resource availability and project risk, and evaluating the quality of cost estimates prepared by others.


This course is 100% compliant with the Project Management Institute PMI current Project Management Body of Knowledge PMBOK Guide. .

TRAINING HIGHLIGHTS:

With this training, the trainee will successfully learn how to:

 Prepare a basic cost estimate using bottom-up estimating
 Evaluate the adequacy of a cost estimate prepared by a project team member
 Prepare a project cost baseline, allocating estimated costs over the life-cycle of the project execution

Engr. Emmanuel Uma

TARGET GROUP:

* Contractors * Cost Engineers * Cost Managers * Middle Executives * Project Planners * Project Managers * Project Schedulers * Quantity Surveyors * Financial Institutions * Project Management Graduates & Undergraduates etc