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Keeping Your Project on Budget (PMBOK® Guide Sixth Edition)


Overview/Description
Target Audience
Prerequisites
Expected Duration
Lesson Objectives
Course Number
Expertise Level



Overview/Description
This course covers the Control Costs project schedule management process. This course will assist learners in preparing for the PMI® PMP® certification exam. PMBOK, PMI, PMP, CAPM are registered trademarks of the Project Management Institute, Inc.

Target Audience
Existing project managers pursuing certification in recognition of their skills and experience; individuals training to become accredited project managers

Prerequisites
None

Expected Duration (hours)
1.6

Lesson Objectives

Keeping Your Project on Budget (PMBOK® Guide Sixth Edition)

  • 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 for scenarios 1 and 2
  • recognize how the choice of EAC formula depends on the project situation
  • demonstrate your understanding of the Control Costs process
  • Course Number:
    apj_20_a02_bs_enus

    Expertise Level
    Everyone

    PMBOK, PMI, PMP, CAPM, and PMI-ACP are trademarks of the Project Management Institute, Inc.