Effective Project Cost Management
The purpose of project cost management is the completion of the project within budget constraints. While cost of resources is the main focus, a broader, life-cycle costing view is examined. Care should also be given to the manner in which different stakeholders measure project costs.
This workshop details a four-step process for managing costs:
- Resource Planning
- Cost Estimating
- Cost Budgeting
- Cost Control
Participants learn practical techniques for each of these steps. Throughout the course the role of the Project Manager in the cost management process is examined. Participants will work with different projects to apply tools and techniques for gathering and communicating information specific to each step.
Participants will learn:
- Financial terminology, cost management and accounting definitions
- General accounting concepts such as Future and Present Value, Depreciation and financial statements
- A process for identifying appropriate resources requirements and estimating the associated costs
- How contingency fits into cost management
- To prepare a project budget
- Cost control techniques (Earned Value Analysis)
- Templates to assist in communications
2 days - $990 - 14 PDUs
Program Price Includes Instruction, Books and Catering
A copy of A Guide to the Project Management Body of Knowledge (PMBoK), 4th Edition is required for this course. Copies are available for order from LPI, and can also be purchased at most Chapters/Indigo locations.
Next Dates
Calgary - April 11-12, 2010, November 14-15, 2010
- Lakeview Signature Inn, 2622 39th Ave NE Calgary
Edmonton - November 12-13, 2010
- University of Lethbridge Edmonton Campus, #1100, 10707 - 100 Avenue NW Edmonton
Registration closes at 4:30 pm on April 2, 2010 for the Spring semester and on November 5, 2010 for the Fall semester.
