Project Cost Management 

According to the PMBOK® Guide, Project Cost Management includes the processes involved in planning, estimating, budgeting, financing, funding, managing, and controlling costs so that the project can be completed within the approved budget.

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Who Is The Training Aimed At?  

This course is tailored for the PM Practitioner who wish to gain in-depth knowledge of the Project Cost Management Knowledge Area.

 

Course Objectives

Learners completing this course, will be able to demonstrate an understanding of the following Project Cost Management processes:

• Plan Cost Management - The process that establishes the policies, procedures, and documentation for planning, managing, expending, and controlling project costs.

• Estimate Costs - The process of developing an approximation of the monetary resources needed to complete project activities.

• Determine Budget - The process of aggregating the estimated costs of individual activities or work packages to establish an authorized cost baseline.

• Control Costs - The process of monitoring the status of the project to update the project costs and managing changes to the cost baseline.​

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Entry Requirements:

• Grade 12 or Equivalent, OR 

• Basic Project Management Experience, OR

• Project Management Fundamentals Course

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