PMBOK® Guide – Sixth Edition: 13-Estimating & Budgeting Project Costs
Project Cost Management is perhaps the most comprehensive knowledge area in regard to determining the scope of a project, how it will be funded, and the steps that will be taken to ensure that funds appropriated for the project are managed and used correctly. Essential to every good plan are the thoughts and processes that will enable the plan to proceed. Cost management drives project deliverables in line with project constraints. For example, if project costs are limited, a project manager may have to scale back on subject matter experts. If the cost of quality is higher than expected, the project manager needs to realign project deliverables to ensure the level of quality delivers against requirements. This course provides an in-depth look at the processes associated with cost management.
Materials in this class are based on the text, A Guide to the Project Management Body of Knowledge, (PMBOK® Guide)
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Course Details
Learning Objectives
- Explain cost management Describe how cost management determines the scope of a project
- Describe how cost management drives deliverables in line with project constraints
- Define cost management and how it is required to complete a project of any size
