Provided by: Corexcel

PMP 5 - Project Cost Management

Project Management

The online course, PMP 5 - Project Cost Management, was created as a supplemental study guide for Chapter 7 of "A Guide to the Project Management Body of Knowledge (PMBOK Guide)" Fourth Edition. The course will cover the general approaches to cost management, such as the techniques that are utilized to esitmate and budget for project costs. Also covered is the interrelationship of different cost control concepts and possible reactions a project management team might have if a project is falling behind or running over its budget.
This course contains video segments of project management professionals who offer advice and best practices about how to become a more effective project manager. By submitting a question via the course's Ask the Expert link, you get access to project managers who will answer your questions within 24-48 hours.
Taking advantage of online interactivity, the course contains a vocabulary game, flashcards, and other activities to help you master the material.
Target Audience: This course is designed for adult learners with some project management experience.
This is primarily online training
on-line e-learning cbt (computer based)This is an online eLearning or CBT training program
on-line tutorialThis is an online tutorial
self directedThis is a self-directed course
study at homeThis course may be available for home-study
Course Level:intermediate
Duration:3.5 hours
Training Presented in:English
Training Provided by Corexcel
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PMP 5 - Project Cost Management
After completing the online course, PMP 5 - Project Cost Management, you'll be able to:
Define cost management and its associated cost management plan
Explain the various inputs of and methods for estimating activity cost
Understand how to aggregate activity costs in order to determine budget and both periodic and total project funding requirements
Understand the cost performance baseline and performance measurement baseline and their importance in earned value management
Calculate planned value, earned value, actual cost, schedule variance, cost variance, the schedule performance index, and cost performance index
Understand how baselines, planned value, earned value, and actual cost can be represented in graphic form
Calculate the budget at completion, estimate at completion, estimate to complete, and the to-complete performance index and use these concepts to forecast the cost requirements of a project
Identify the warning signs that a project is falling behind schedule or overrunning its budget and explain the various possible responses
Explain performance-reporting techniques and updates to project documentation
Understand the various approaches to project selection, including return on investment and internal rate of return
Note: After successful completion, learners receive 3. 5 PDUs/ contact hours. Successful completion means completing all assignments in the course and scoring a minimum of 70 on the assessment at the end of the course.
Prerequisites: Learners should have some experience in project management and will need to have access to the Project Management Institute's A Guide to the Project Management Body of Knowledge, Fourth Edition (PMBOK Guide).
About The Training Provider: Corexcel
Corexcel - We offer online courses in medical related areas as well as several business related courses. Some titles include medical terminology, anatomy and physiology, improving work habits, customer service, sales and leadership. We also distribute off-the-shelf training materials including full facilitator guides, PowerPoint presentations and participant workbooks. Topics include Time Management, Team...
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