Projects Cost Management, Estimating, Budgeting and Control.

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This course consist of two parts. The fist part is a theoretical explanation based on the cost management chapter from PMBOK (the book that is used for PMP certificate) and the second part is a practical example about how to apply the theoretical part..

Both parts talk about three main topics:

1. How to estimate costs for activities in the project, which also include:

   • Types of Costs

   • Estimating costs tools and techniques.

   • Handling Risk Reserves costs

   • Cost of Quality

   • Documenting the costs basis of estimates

2. How to determine project budget, which also include:

   • Determine cost baseline

   • Estimate funding requirements

   • Determine project budget

3. How to Control Project Costs, through: 

   • Using Earned Value Management Techniques to assess project performance

   • Calculating CPI, SPI, CV, SV

   • Forecasting project costs y using Earned Value Management Tools