Updated to align with the 6th Edition of the PMBOK® Guide, this course introduces project budgeting principles. After learning to effectively plan cost management, you'll look at how costs are estimated, budgets developed, and costs controlled.
Updated to align with the 6th Edition of the PMBOK® Guide, this course, Project Cost Management, is the seventh course in Pluralsight’s series preparing you for the newest version of the PMP® exam. This course explores the Project Cost Management knowledge area, beginning with a discussion on how cost management can be effectively planned, before moving on to estimating project costs. Thereafter, development of project budgets and topics related to budget control, including earned value analysis, will be explored, helping ensure you are prepared for the PMP® exam. By the end of this course, you'll understand how to estimate your project's costs, prepare adequate contingency funding, and develop a budget that facilitates your project's success.
Casey has experience leading projects in many fields, including healthcare, digital media, mobile app development, consumer product design, education, and event management. He's constantly in pursuit of new challenges and loves to share what he learns along the way with others.
Course Overview Hi, everyone. My name is Casey Ayers and welcome to my course Project Cost Management. This course is the seventh entry in our newly updated series, helping you prepare for the latest version of the PMP Exam based on the sixth edition of the Project Management Body of Knowledge. By completing this course and others in our PMP Prep series, you'll not only be better prepared to ace the certification exam, but, critically, we'll also completely fulfill the mandatory training requirement that must be met before taking the exam. The PMP, or Project Management Professional Certification, is consistently listed as one of the top five most valuable certifications for IT professionals and it's also broadly applicable to a wide range of industries. Given how much new value can be created from successful projects, businesses in all sectors and of all sizes need capable project managers today. A PMP builds the skills needed to succeed and opens new doors for those with the certification. In this course, we'll look at how to plan for cost management, explore tools and techniques for estimating cost and complete project activities, learn how to develop project budgets, see how earned value analysis techniques can help us keep our project costs in check, and more. By the end of this course, you'll be ready to start applying your new knowledge to the development and management of budgets for your project team. This course and others in the series can not only help you learn more about project management and prepare for the PMP Exam, but also serve as a great refresher for established project managers and as an opportunity to earn Continuing Education credit. I hope you'll join me on this journey to prepare for the PMP Exam and learn more about project cost management here at Pluralsight.