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Project Cost Management (1 day)
A specific course designed to provide a working insight and knowledge of Project Cost Management. From “order of magnitude’’ cost estimating to contingency control analysis and final cost close-out, this course provides details of what needs to be covered and done to keep project costs controlled.
+ What you will learn
- Understand project life cycles
- Understand the principles of project cost management
- Prepare and review cost estimates of different types
- Analyse project costs to find variations and/or problem areas, forecast end costs,
ratios and efficiency factors, actions to reduce costs - Assess the effect of balancing cost with scope, time and quality of work
- Understand the differences between project cost management and financial
accounting - Have an understanding of the terms used in project cost management
- Plan ahead to assess potential risks on project costs
- Close-out contracts and develop final cost reports.
space
+ Prerequisites
- Project Plus UPM or ESMP Core workshops, or relevant work experience
- No off-site components or study required.
space
+ Workshop Length: 1 Day
Refreshments Provided: AM and PM teas as well as lunch
PMI Workshop Code: PCM-01
PMI PDU Credit: 7.5
PMBOK Knowledge Areas: Integration, Cost, Risk, Communication, Scope
IPENZ: Aligned with the IPENZ competence framework
Offered In-house and in Public workshops
Comments from past attendees:
“The presenters were friendly, enthusiastic, clear and articulate.” – PMI, USA “A very good and thorough course – thanks – see you at the Risk workshop.” – Anonymous, New Zealand “An excellent day – I am going to use these skills on a burning project.” – Anonymous, Australia
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