Project Masters - Project Management Training Courses

1.0 Introduction

• Seminar member introduction and overview of course material

2.0 Overview of Cost Management

• Defining cost management
• Project life cycles and where cost management is appropriate
• Life-cycle costing for a project

3.0 Cost Estimating & Forecasting

Use of:

• Economic analysis
• Profitability analysis
• Analysis project investment costs
• Forecasting techniques
• Statistics analysis

  Group exercise on using forecasting techniques

4.0 Cost Budgeting

Performing cost budgeting using:

• Work breakdown structure(WBS)
• Managerial reserve
• Performance measurement baseline
• Evaluate funding

5.0 Cost Controls

Examine cost control using:

• Contingency management
• Monitoring actual vs. budget
• Variance analysis
• Earned value analysis(EVA)
• Integrated cost/schedule
• Progress analysis/reporting

  Group exercise on earned value analysis

6.0 Cost Applications

Examine costing applications using:

• Historical data banks
• Responsibility charting
• Life-cycle costing
• Value analysis

7.0 Closeout the Project Budget

• Closeout the project budget and compare to the baseline budget

  Group exercise on closeout of the budget