Online Project Cost Management

  •  day(s)Duration
  •  day(s)Duration
  • 1.2 CEU/12 PDU/Credits/Units
  • MDO270bCourse Code
  • send to printer

Course description

The Online Project Cost Management course is intended to enable you to perform the tasks listed below.

  • Incorporate the processes of the Project Cost Management Knowledge Area into day-to-day project management activities
  • Describe the Project Cost Management process interactions and data flow
  • Describe the key components of a cost management plan
  • Determine necessary cost elements for a project
  • Apply analogous, parametric, and bottom-up cost estimating and list the advantages and disadvantages of each
  • Determine the most appropriate cost estimating technique to use based on project characteristics
  • Estimate costs for project activities
  • Prepare a time-phased cost budget
  • Conduct a performance measurement analysis
  • Apply earned value management (EVM) techniques and perform an earned value (EV) analysis
  • Explain how to manage cost variances

Course Features

Course content is broken down into Modules and Topics. Participants explore the content using a variety of interactive methods, including:

  • roll-overs which uncover more detailed information on particular terms
  • pop-ups which allow participants to explore diagrams, templates, and processes in more depth
  • an avatar, or animated mentor, who offers additional content that expands the topics on selected pages
  • knowledge checks that give participants a chance to review important points
  • practice exercises that present challenges and opportunities using a case study (Participants practice applying the content learned using real-world tools and techniques to solve the case study problems.)
  • graded quizzes identify topics participants have mastered and those they might need to study more
  • a graded final exam validates the knowledge gained and skills mastered for the time committed

In addition to individual interactivity, CEG also offers a learning community and social learning tools that allow participants to share with each other and gain a broader understanding from a variety of perspectives. Participants can take advantage of lively discussion boards and instructor-led chat sessions.

Course Expectations

To fulfill the requirements of this course and receive your final grade, make sure that:

  • All quizzes have been completed with a score of 70% or better
  • The final exam has been completed with a score of 70% or better

Who should attend

This course is primarily designed for people who have project management responsibilities. It is also for project leaders or anyone who will be performing in those roles in the future. Individuals taking this course should have at least two years of experience working on project teams.

Course Outline

Module 1: Introduction to Project Cost Management

  • Overview of Project Cost Management
  • Project and Product Life Cycles

Module 2: Plan Cost Management

  • Overview of the Plan Cost Management Process
  • Inputs to the Plan Cost Management Process
  • Tools and Techniques for the Plan Cost Management Process
  • Outputs from the Plan Cost Management Process

Module 3: Estimate Costs

  • Overview of the Estimate Costs Process
  • Inputs to the Estimate Costs Process
  • Tools and Techniques for the Estimate Costs Process
  • Outputs from the Estimate Costs Process
  • Using Work Packages to Develop a Bottom-Up Cost Estimate

Module 4: Determine Budget

  • Overview of the Determine Budget Process
  • Inputs to the Determine Budget Process
  • Tools and Techniques for the Determine Budget Process
  • Outputs from the Determine Budget Process

Module 5: Control Costs

  • Overview of the Control Costs Process
  • Inputs to the Control Costs Process
  • Tools and Techniques for the Control Costs Process
  • Outputs from the Control Costs Process

What you will learn


For an updated schedule for this course, please call us at 1.800.288.7246 (US) or +1.978.649.8200.