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Keeping Your Project on Budget (PMI – PMP)

Project Management Professional Certification Program (PMI-PMP)
Instructor:
Sorin Dumitrascu
5,064 students enrolled
English
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

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

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

Keeping Your Project on Budget

1
Course Overview

In this course, you'll learn about the control cost process. Including helpful techniques you can use to keep your project on budget.

2
Program Overview (I)

The Project Management Professional Certification Course (PMI-PMP) includes a number of 28 sections covering the most relevant information in the Project Management Body of Knowledge (PMBOK6) developed by the Project Management Institute (PMI).

3
Program Overview (II)

The Project Management Professional Certification Course (PMI-PMP) includes a number of 28 sections covering the most relevant information in the Project Management Body of Knowledge (PMBOK6) developed by the Project Management Institute (PMI).

4
Course Guidelines

Some guidelines to improve your Udemy learning experience.

5
Project Management Process Group and Knowledge Area Mapping

Project Management Process Group and Knowledge Area Mapping

6
Inputs to Control Costs

After completing this topic, you should be able to identify the inputs to the Control Cost process.

7
Control Costs: Inputs, Tools & Techniques, and Outputs

Control Costs: Inputs, Tools & Techniques, and Outputs

8
Tools and Techniques to Control Costs

After completing this topic, you should be able to recognize the tools and techniques you can use to control project costs

9
Earned Value and Cost Performance

After completing this topic, you should be able to match earned value management values with their formulas

10
Forecasting Using the EAC

After completing this topic, you should be able to recognize the situations in which different estimate at completion (EAC) formulas are used

11
To-complete Performance Index (TCPI)

After completing this topic, you should be able to calculate the to-complete performance index (TCPI) for a project given earned value management (EVM) figures

12
Outputs of Control Costs

After completing this topic, you should be able to recognize how outputs of the Control Costs process are used

13
Calculating the Planned Value and Earned Value

After completing this topic, you should be able to calculate the planned value and earned value, given the budget, percent of time passed, and percent of work completed

14
Comparing Schedule Performance against the Plan

After completing this topic, you should be able to calculate the schedule variance and schedule performance index, given the earned value and planned value

15
Earned Value, Planned Value, and Actual Costs

Earned Value, Planned Value, and Actual Costs

16
Comparing Cost Performance against the Plan

After completing this topic, you should be able to calculate the cost variance and cost performance index, given the earned value and actual costs

17
Determining Project Performance (I)

After completing this topic, you should be able to determine project performance, given a set of raw data points

18
Determining Project Performance (II)

After completing this topic, you should be able to utilize work performance data to determine project performance

19
To-Complete Performance Index (TCPI)

To-Complete Performance Index (TCPI)

20
Determining Estimate at Completion (I)

After completing this topic, you should be able to determine the estimate at completion

21
Determining Estimate at Completion (II)

After completing this topic, you should be able to recognize how the choice of EAC formula depends on the project situation

22
Earned Value Calculations Summary Table

Earned Value Calculations Summary Table

23
Exercise: Controlling Project Costs (I)

After completing this topic, you should be able to demonstrate your understanding of the Control Costs process

24
Exercise: Controlling Project Costs (II)

After completing this topic, you should be able to demonstrate your understanding of the Control Costs process

25
Course Project (optional)

Course Project (optional)

26
Keeping Your Project on Budget (PMI - PMP)

In this course, you'll learn about the control cost process. Including helpful techniques you can use to keep your project on budget.

27
Keeping Your Project on Budget (PMI - PMP)

In this course, you'll learn about the control cost process. Including helpful techniques you can use to keep your project on budget.

28
PMI Certification Info

PMI Certification Info

You can view and review the lecture materials indefinitely, like an on-demand channel.
Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don't have an internet connection, some instructors also let their students download course lectures. That's up to the instructor though, so make sure you get on their good side!
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Includes

2 hours on-demand video
7 articles
Full lifetime access
Access on mobile and TV
Certificate of Completion

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