Course Objectives
By the end of the course, participants will be able to:
- Explain the project cost management process and develop project cost management plans
- Develop a business case and utilize capital budgeting techniques to evaluate long-term investments used in a project
- Develop accurate estimates and identify different methods for estimating a project’s overall costs
- Develop a project cost baseline and project budget and explain contingency and management reserves allocated for the project
- Identify project variance and calculate project performance metrics using earned value analysis
- Identify different cost-saving strategies for projects and apply continuous improvement concepts on project overall finances
