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Creating a Project Budget (PMI – PMP)

Creating a Project Budget (PMI - PMP)

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Course Details –:


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What you’ll learn

  • Identify activities that are part of the Project Cost Management Knowledge Area
  • Distinguish between the inputs, tools and techniques, and outputs of the Plan Cost Management process
  • Identify inputs to the Estimate Costs process
  • Distinguish between the tools and techniques you can use to estimate project costs
  • Describe how to use the bottom-up estimating technique to estimate project costs
  • Match the outputs of the Estimate Costs process to their descriptions
  • Recognize the inputs to the Determine Budget process
  • Recognize the tools and techniques you can use to determine your project budget
  • Identify the outputs of the Determine Budget process
  • Demonstrate your understanding of the Estimate Costs and Determine Budget processes

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Description:-
The Creating a Project Budget (PMI – PMP) is course 12 of 28 of the Project Management Professional Certification Program (PMI-PMP).
Let’s face it, at the end of the day, projects are really all about profit, no matter what kind of company you work for. Even if you work for a charitable organization or government, nobody wants to see a project lose money.
That’s why developing a realistic budget and then managing it well is such a critical part of project management. In this course, you’ll learn what goes into a cost management plan, how to estimate costs, and how to establish a realistic cost baseline for your project.

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1. Project Cost Management Processes
2. The Plan Cost Management Process
3. Inputs to Estimate Costs
4. Tools and Techniques of Estimate Costs
5. Using the Bottom-up Technique to Estimate Costs
6. Outputs of Estimate Costs
7. Inputs to Determine Budget
8. Tools and Techniques to Determine Budget
9. Outputs of Determine Budget
10. Exercise: Estimating Costs and Developing the Budget
That’s it! Now go ahead and push that “Take this course” button, and see you on the inside!
Who this course is for:
  • Leaders, managers, entrepreneurs, professionals and project workers with or without formal project management training will improve project management skills and knowledge and will be ready to stand for formal certification.
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