Keeping Your Project on Budget (PMI – PMP)

Project Management Professional Certification Program (PMI-PMP)

Created by: Sorin Dumitrascu
Management trainer

What Will I 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

Requirements

• No special requirements or prerequisites are needed to take this course, but some extra reading about projects, project management, project life cycle, organizational project management, project scope, project schedule, project costs, project quality, project human resources and project communications will help.
• Part of the Project Management Professional Certification Course (PMI-PMP)
• Leaders, managers, entrepreneurs, professionals and project workers with or without formal project management training will improve project management skills and knowledge and will be ready to stand for formal certification.

Target audience

• Leaders, managers, entrepreneurs, professionals and project workers with or without formal project management training will improve project management skills and knowledge and will be ready to stand for formal certification.