Keeping Your Project on Budget (PMI - PMP)

🚀 Course Title: Keeping Your Project on Budget (PMI - PMP)

🎓 Instructor: Sorin Dumitrascu

🔥 Headline: Master the Art of Financial Control with Our Project Management Professional Certification Program (PMI-PMP)! 🏆

Overview: Are you ready to transform your project management skills and ensure your projects don't just start on budget, but stay there throughout their lifecycle? The "Keeping Your Project on Budget (PMI - PMP)" course is a critical component of the comprehensive 28-course Project Management Professional Certification Program (PMI-PMP). This course focuses on the control cost process, which is pivotal for maintaining financial discipline in your projects.

🔹 Why This Course?

• Understand Budget Establishment: Learn how to set a budget that accurately reflects your project's needs and constraints.
• Cost Monitoring Techniques: Discover the tools and techniques to effectively monitor cost performance, ensuring you can make informed decisions quickly.
• Earned Value Management (EVM): Master EVM, a powerful method for measuring project performance and progress against the budget.
• Forecasting and Performance Indexes: Gain insights into forecasting future project costs and understanding how your project is performing against its baseline.
• Risk Management & Contingency Planning: Learn to anticipate and manage risks that could impact your budget, with practical strategies for creating contingency plans.

Key Learning Points:

• Inputs to Control Costs: Identify the necessary inputs required to control project costs effectively.
• Tools and Techniques to Control Costs: Utilize a variety of tools and techniques to manage your project's expenses, such as budgeted cost estimates, performance measurements, and variance analysis.
• Earned Value and Cost Performance: Understand how to use Earned Value (EV) analysis to determine the amount of work completed and assess cost performance.
• Forecasting Using the EAC: Learn to forecast future costs using the Estimate at Completion (EAC), helping you to make informed decisions on whether to continue, complete, or kill a project.
• To-Complete Performance Index (TCPI): Determine the amount of work that can still be completed within the remaining budget.
• Outputs of Control Costs: Recognize the outputs generated during this process, including work performance reports, change requests, and deliverable acceptance.
• Exercise: Controlling Project Costs: Apply your knowledge with a practical exercise designed to test your ability to control project costs.

Course Outline:

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 Estimate at Completion (EAC)
12. Determining To-Complete Performance Index (TCPI)
13. Exercise: Controlling Project Costs

Don't let budget overruns derail your projects. With this comprehensive course, you'll be equipped with the knowledge and skills to manage your project finances like a seasoned professional. Ready to elevate your project management career? 🌟

🚀 Take control of your financial future by enrolling in "Keeping Your Project on Budget (PMI - PMP)" now! Click on the button below to start this transformative learning journey:

“Take this course”

Let's embark on this path to excellence together! 🛣️✨