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English

Language

Project Management

Category

Creating a Project Budget (PMI - PMP)

Project Management Professional Certification Program (PMI-PMP)

3.75 (58 reviews)

Students

2 hours

Content

May 2020

Last Update
Regular Price

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What you will 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


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.

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!


Screenshots

Creating a Project Budget (PMI - PMP)
Creating a Project Budget (PMI - PMP)
Creating a Project Budget (PMI - PMP)
Creating a Project Budget (PMI - PMP)

Content

Creating a Project Budget (PMI - PMP)

Course Overview

Program Overview (I)

Program Overview (II)

Course Guidelines

Project Management Process Group and Knowledge Area Mapping

Project Cost Management Processes

Project Cost Management Overview

The Plan Cost Management Process

Plan Cost Management: Inputs, Tools & Techniques, and Outputs

Inputs to Estimate Costs

Tools and Techniques of Estimate Costs

Estimate Costs: Inputs, Tools & Techniques, and Outputs

Using the Bottom-up Technique to Estimate Costs

Outputs of Estimate Costs

Determine Budget: Inputs, Tools & Techniques, and Outputs

Inputs to Determine Budget

Tools and Techniques to Determine Budget

Project Budget Components

Outputs of Determine Budget

Exercise: Estimating Costs and Developing the Budget (I)

Exercise: Estimating Costs and Developing the Budget (II)

Course Project (optional)

Creating a Project Budget (PMI - PMP)

Creating a Project Budget (PMI - PMP)

PMI Certification Info

Bonus Lecture


Reviews

D
Dawid9 February 2021

I have expected something different. I wouldn't call it 'course' or 'training'. Basically, it was reading of the text shown on slides. Moreover, slides have only text and 'examples' have been read without any ilustration. I am sure the trainer has big knowledge, but it is not how the training supposed to look like.

E
Eunice6 February 2021

Hello, For being free it was good. It reinforced knowledge I had already. It was kind of static, lack dynamism but it was good for the purpose I signed it. Thanks!

P
Palaweni4 January 2021

I was a person with less knowledge on budgeting. This course leads me to understand important parts in it. And made me more interest to learn more on this

E
Ebba26 August 2020

Trainer cleared the concepts very well. Assignments are very useful to practices. I am still practicing and learning. Hats off to the knowledge the trainer has.

M
Martin9 July 2020

The author has a good sense of relevancy which makes the course fun and engaging. Also, he sounds very helpful – everything is explained clearly to the last detail which to me seems key in budgeting.

A
Asger24 June 2020

I am really enjoying this course. So many great ideas. I am so happy that the materials are available to print as I don't have a very good memory.

V
Vincent21 June 2020

Excellent course, very useful information, and a lot of examples that make the explanations clearer and more dynamic. I absolutely recommend it!

N
Nicolas19 June 2020

Comprehensive, informative, easy to understand. This course covers so many bases in speaking it is hard to think of anything that Sorin hasn't covered.

D
Diana11 June 2020

Great course It helped me understand structure and how to effectively create budgets. My boss has noticed an improvement already.

J
Jen9 June 2020

I believe that this course can indeed help you to become a quality/professional/effective project manager! In order to get the most out of this course, you must not cut corners, you must ask questions, and you must use the resources provided by Sorin.

D
Diaz7 June 2020

I am an aspiring project manager and have been to a few courses to learn how to manage budgets. This has been a good course to learn from and also reinforce what I have learned.

H
Henry7 June 2020

The instructor's sincere style, engaging tone, and knowledge are fantastic. The material is easy to understand, relevant, practical, and applicable. I am a native English speaker and the instructor's use of language was perfect.

J
Joe7 June 2020

This course was very detailed and would highly recommend if you are learning from scratch. Improved my skills considerably considering I did not even know how to draw a line and can now complete drawings.

F
Fayehun4 June 2020

I have little experience on cost control and monitoring on projects. I find this very helpful to enhance my knowledge on cost planning and clients satisfaction.

O
Oska2 June 2020

The course content and methodology both are really good and help one to gain a deep insight about the PMP work and PMP theories.


Coupons

DateDiscountStatus
6/3/2020100% OFFExpired
10/4/202048% OFFExpired
12/29/2020100% OFFExpired

3158356

Udemy ID

5/22/2020

Course created date

6/3/2020

Course Indexed date
Lee Jia Cheng
Course Submitted by