Training Online – Project Cost Management, Estimation, Budgeting & Control

OVERVIEW

The course is structured around a five-phase process that provides a step-by-step framework for learning about and doing project management in the Industry. The course focuses on key technical practices and issues relating to each of the five project management phases as well as on “human dynamics” which are critical success factors in project management, such as cost estimating & budgeting and risk, gaining consensus, problem-solving, meeting and coordinating, dealing with change and team-building.

Cost estimating is one of the fundamental and yet most challenging tasks for Project teams. In the course, you’ll learn straightforward, step–by-step processes for developing accurate, realistic project cost estimates that withstand the security of stakeholders and management and form a baseline for tight financial control. You’ll also learn how to incorporate risk and uncertainty in your project cost estimates with Montecarlo risk simulation, provide range cost estiamates in accordance and manage the cost estimating process throughout the project life cycle.

MATERI

• Essential Background
  
• What is project & their characteristics
  
• Project goals and objectives
  
• Dynamics of the project life cycle & Phase of system life cycle
  
• Building the project organization & WBS
  
• Developing project network, cost, schedules and project plan included risk assessment
  
• Developing cost measurement & control, and performance criteria to success with EVM
  
• Project Cost Estimating & Process
  
• Cammon categories of cost
  
• Purpose of project cost estimating
  
• Cost estimate types & descriptions
  
• Cost estimating process
  
• Ground rules, assumptions and collect data
  
• Selecting estimating methodology
  
• Perform & verify the estimate
  
• Review & documented the cost estimate
  
• Cost Elements and Cost Pools
  
• Understanding cost behaviors
  
• Direct & Indirect costs
  
• Variable & fixed costs
  
• Semivariable cots
  
• Recurring vs. Nonrecurring costs
  
• Realationships among cost behaviors
  
• Types of costs included in estimates
• Introduction to Estimating Methodologies
  
• Estimating methodologies
  
• Estimating by analogy & Developing complecity factors
  
• Parametric cost estimating
  
• Quantitative relationships
  
• Cataloges, Vendor quotes and Analogy
  
• Cost Uncertainty Analysis
  
• Introduction Risk Analysis & Montecarlo Simulation
  
• A Typical project cost estimate
  
• An Alternative: a range of estimates & a cost probability distribution function
  
• Cost Uncertainty Analysis
  
• Life-cycle cost & commitement, and decision making
  
• Time value of money
  
• Inflation & Interest adjusments
  
• Design to cost
  
• Case Study
  
• Project cost estimation process
  
• Hands on simulation with Monte Carlo Software

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Topik Training	: Training Online – Project Cost Management, Estimation, Budgeting & Control
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