Project Management Training CD
Project Management: Estimating Costs
This program provides team members with the skills and processes necessary to estimate the cost of the resources needed for a project. Participants learn how to develop a cost baseline and overcome problems that will
produce errors when estimating project costs. They also develop an understanding of the importance of cost control throughout a project's life.
Learn To:
- Use the WBS and other tools to identify necessary project resources.
- Use the WBS to approximate project costs.
- Apply the top-down, bottom-up, parametric, and phased estimating techniques.
- Identify the S-curve for a project.
- Calculate cost and schedule variance.
Content Emphasis: Skills-Based
Audience: Individuals who want to learn to effectively identify and budget for all of the costs involved with a project.
Total Learning Time: 2 - 4 Hour(s)
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Product
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CODE
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Price
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Order
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Project Management: Estimating Costs CD-ROM
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ng41504
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$110.00
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Project Management Training CD Course Contents
Unit 1: Resource Identification
Duration: 0.5 - 1 Hour(s)
- List the five steps of the project management process.
- Define the estimating project costs variable.
- Use the WBS and other tools to identify necessary project resources.
- Differentiate among three ways to assign resources to activities.
- List the types of resources used to complete projects.
- Simulation Overview: In this simulation, you will meet with Nancy Hurst, one of Icon's Product Managers, to discuss resource identification. Through your
questions and answers, you will learn how to identify a project's necessary resources, assign resources to project activities, and use the work breakdown structure for resource identification.
Unit 2: Cost Approximating
Duration: 0.5 - 1 Hour(s)
- Use the WBS to approximate project costs.
- Examine appropriate sources when looking for historical information for cost estimates.
- Apply the top-down, bottom-up, parametric, and phased estimating techniques.
- Include appropriate supporting details when creating cost estimates.
- Avoid common project estimating pitfalls.
- Simulation Overview: In this simulation, you will meet with Ronald Spear, Icon's Vice President of Marketing, to discuss cost approximating. By completing several
exercises, you will learn common estimating techniques, the importance of the WBS and historical information when estimating costs, as well as the types of
supporting details needed when creating cost estimates.
Unit 3: Cost Budgeting
Duration: 0.5 - 1 Hour(s)
- Follow the appropriate steps to refine the project budget.
- Identify the S-curve for a project.
- Describe the importance of a cost management plan.
- Determine the payback period for a project.
- Use the equation for discounted cash flows.
- Figure the depreciation of assets when budgeting.
- Simulation Overview: In this simulation, you will meet with John Cunningham, one of Icon's Human Resources Assistants, to discuss project budgeting. By
completing several exercises, you will learn about S-curves, capital budgeting concepts, and the common methods of depreciation.
Unit 4: Cost Control
Duration: 0.5 - 1 Hour(s)
- Follow the steps required to control project costs.
- Explain why status reporting is important to cost control.
- Identify three measurements that enable the calculation of variances.
- Calculate cost and schedule variance.
- Estimate the cost performance index of a project.
- Compute a project's estimate at completion and variance at completion.
- Simulation Overview: In this simulation, you will meet with Janet Porter, Icon's Director of Business Development, to discuss cost control. By completing several
exercises, you will learn about performance efficiency and variance at completion, as well as how to calculate cost and schedule variance.
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