Keeping Your Project on Budget (PMI - PMP)

Project Management Professional Certification Program (PMI-PMP)

4.50 (85 reviews)
Udemy
platform
English
language
Project Management
category
11,091
students
2.5 hours
content
Nov 2023
last update
$59.99
regular price

What you will learn

Identify the inputs to the Control Cost process

Recognize the tools and techniques you can use to control project costs

Match earned value management values with their formulas

Recognize the situations in which different estimate at completion (EAC) formulas are used

Calculate the to-complete performance index (TCPI) for a project given earned value management (EVM) figures

Recognize how outputs of the Control Costs process are used

Calculate the planned value and earned value, given the budget, percent of time passed, and percent of work completed

Calculate the schedule variance and schedule performance index, given the earned value and planned value

Calculate the cost variance and cost performance index, given the earned value and actual costs

Determine project performance, given a set of raw data points

Utilize work performance data to determine project performance

Determine the estimate at completion, using the formulas in different scenarios

Determine Estimate at Completion, in different scenarios

Demonstrate your understanding of the Control Costs process

Description

The Keeping Your Project on Budget (PMI - PMP) is course 13 of 28 of the Project Management Professional Certification Program (PMI-PMP).

Establishing the budget for a project is a vital process in project management. Yet, it means nothing if the budget is not adhered to. Controlling project cost is critical to meeting a project's budgeted targets.

And monitoring cost performance can mean the difference between the success and failure of a project. In this course, you'll learn about the control cost process. Including helpful techniques you can use to keep your project on budget.

1. Inputs to Control Costs
2. Tools and Techniques to Control Costs
3. Earned Value and Cost Performance
4. Forecasting Using the EAC
5. To-complete Performance Index (TCPI)
6. Outputs of Control Costs
7. Calculating the Planned Value and Earned Value
8. Comparing Schedule Performance against the Plan
9. Comparing Cost Performance against the Plan
10. Determining Project Performance
11. Determining Project Performance
12. Determining Estimate at Completion
13. Determining Estimate at Completion
14. Exercise: Controlling Project Costs

Project budgets rarely remain static. In this course, you'll also gain the skills to handle unexpected costs, scope changes, and potential risks. We'll cover methods to proactively identify cost-influencing factors, along with strategies for creating contingency plans to safeguard your project's financial success.

That’s it! Now go ahead and push that “Take this course” button, and see you on the inside!

Content

Keeping Your Project on Budget

Course Overview
Program Overview (I)
Program Overview (II)
Course Guidelines
Project Management Process Group and Knowledge Area Mapping
Inputs to Control Costs
Control Costs: Inputs, Tools & Techniques, and Outputs
Tools and Techniques to Control Costs
Earned Value and Cost Performance
Forecasting Using the EAC
To-complete Performance Index (TCPI)
Outputs of Control Costs
Calculating the Planned Value and Earned Value
Comparing Schedule Performance against the Plan
Earned Value, Planned Value, and Actual Costs
Comparing Cost Performance against the Plan
Determining Project Performance (I)
Determining Project Performance (II)
To-Complete Performance Index (TCPI)
Determining Estimate at Completion (I)
Determining Estimate at Completion (II)
Earned Value Calculations Summary Table
Exercise: Controlling Project Costs (I)
Exercise: Controlling Project Costs (II)
Course Project (optional)
Keeping Your Project on Budget (PMI - PMP)
Keeping Your Project on Budget (PMI - PMP)
PMI Certification Info

Screenshots

Keeping Your Project on Budget (PMI - PMP) - Screenshot_01Keeping Your Project on Budget (PMI - PMP) - Screenshot_02Keeping Your Project on Budget (PMI - PMP) - Screenshot_03Keeping Your Project on Budget (PMI - PMP) - Screenshot_04

Reviews

Natalie
June 30, 2022
A lot of good material , I learned a lot throughout this course. The only thing I would change is to add more visuals during the slides.
Stelian
March 12, 2022
I can't believe how much I learned in the Keeping Your Project on Budget (PMI - PMP) course. Sorin is an excellent instructor and his training methods are impressive! It's no wonder that this man has such a successful career as an expert with projects like these under his belt-they're pretty smart ideas, too.
G.
March 11, 2022
The Keeping Your Project on Budget course is an excellent way to get your budgeting game up in order. I had no idea how much time and money was being wasted before taking this class, it's been life-changing! Sorin has such a gift for making these topics interesting without ever getting boring or technical; he really knows what his students need from him so they can learn while having fun at the same time .
Filipa
March 11, 2022
The Keeping Your project on Budget (PMI - PMP) course is like no other. Sorin's knowledgeable, witty and very entertaining style of teaching makes the material easy to understand for even those who are not interested in this subject matter! The courses were great but what really amazed me was how personal he made each one feel while still maintaining professionalism throughout our time together- I would highly recommend him if you're looking into taking your next certification exam or just want some help getting started
V.B.
March 11, 2022
The Keeping Your Project on Budget (PMI - PMP) course is an amazing experience. Sorin's teaching skills and knowledge of the subject matter were impressive from start to finish! This training program was great, I learned so much in just three days that will help me on my journey as a procurement professional."
Emiliana
March 8, 2022
I can't believe I got such a great deal on this course. It's worth every penny and more! Sorin is an amazing teacher; he really knows how to make sure that you understand everything in the lesson, even if it seems hard at first glance (which these lessons always do). Keeping Your Project on Budget class has been one of my most profitable investments ever--impressive stuff here man!!
Mattias
March 8, 2022
I have taken many courses on project management and this one is by far the best. instructor Sorensen does an excellent job at making sure you understand everything, even if it's something as simple as how to draw up a schedule!
Demetrio
March 7, 2022
I have taken many courses on project management and this one is by far the best. Sorin's teaching style really resonated with me; he made it easy to understand how budgeting time can help you stay organized throughout your workday!
George
March 7, 2022
I enjoyed the Keeping Your Project on Budget (PMI - PMP) course. Sorin is an engaging instructor who really makes you think about how to best spend your time and money as a project manager, which will help no matter what kind of work we do!
Kerstin
March 5, 2022
I had a great time with Sorin. His Keeping Your Project on Budget course was very informative and he's an excellent instructor!
Bilal
March 3, 2022
The course on Project budgeting was really helpful and interesting! I learned a lot of new information that will help me with my projects in the future. The instructor, Sorin was knowledgeable about his topic which made it easy for him to teaching this class as well as being engaging without being boring or too detailed.
Casimiro
December 22, 2020
It would be nice to have more information how to avoid personal misunderstanding and frictions when working remotely.
Fredu
December 21, 2020
Informative, inspiring, idea provoking. Do you think you could never write convincingly? I did too until taking this course. Helpful, but never overwhelming, educational and never boring.
Vencel
December 21, 2020
Overall a good experience, enjoyed theoretically and practically good techniques with Sorin, which will help in my gonging on carrier.
Jaroslav
December 16, 2020
The content is detailed and explanatory for beginners. I was hesitant to buy a domain and start blogging. Halfway through, i registered my domain and i am confident to start. That's what you will get from this course.

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udemy ID
5/27/2020
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