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Project Cost Management (PM20B)
Duration : 2 days Contact Hours : 14    
       
Course Mode
Case Study, Group Exercise, Lectures
       
Target Audience
Project Managers, PMO Managers, Project Cost Executives
       
Benefits
  • Understand general cost & financial management concepts
  • How projects are selected using financial models
  • Monitor the budget throughout the project life cycle using earned value analysis
  • Identify potential financial risk and implement contingencies
  • Forecast project cost performance
       
Course Overview
Cost Management a triple constraint of a project
Cost Management a Triple Constraint of a project
The various tools like NPV, IRR, payback period, etc
What are costs and the types of cost?
Direct & Indirect Cost
Fixed & Variable Cost
What is Depreciation
CAPEX & OPEX
Project Cost Estimation
Selecting Estimating methods
Methods: Top-Down, Bottom-Up, Parametric, Industry Guidelines
Organizational Policies
Project Budgeting
Risks & Contingencies
Monitoring & Controlling
Setting up and Managing Cash-flows
Using convention methods to monitor
Using Earned Value Analysis to manage project
Performance Indicators
Forecasting cost at selected junctures
Measure the ROI of the Project