Price: US $54.95 (60 day enrollment period)
All projects require a cost estimate to evaluate the relative benefits of the project, prepare an adequate financial budget for the project, and request funding for the project. Product, project, and engineering managers all should understand how to prepare and interpret a project cost estimate. This two-hour course describes the primary processes in project cost estimating including the estimating individual activity costs, preparing a project budget, and monitoring and controlling the cost performance of the project during implementation.
Projects are often evaluated for success by the triple constraint measuring fulfillment of the scope, schedule, and budget. Thus, project managers are tasked to prepare realistic cost estimates, gain funding for the project, and execute the project within the approved project budget. Project cost estimating involves sequential processes of estimating costs,determining the budget, and controlling costs.
In this course, you will learn the basics of Project Cost Estimating including different levels of cost estimates, how to prepare a time-phased project budget, and controlling the project costs using the technique of Earned Value Management (EVM). At the successful completion of this two-hour course, you will be awarded 2 PDHs. Each lesson is composed of one or more topics which will require an average of two minutes to complete.
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