Mastering Project Time and Cost Management

Quarter Academic Credit
4

Time and cost are the two near-universal constraints organizations face when initiating and managing projects, which makes the effective supervision of these factors a required skill for any project manager. This course is for professionals who plan, manage and control projects and anyone interested in learning the latest project management tools and methods for developing and monitoring project schedules and budgets. Through an interactive, online learning environment, students will learn how to estimate activity durations, dependencies between activities, estimating resource requirements, and how to define the critical path and chain to enable you to develop a realistic project schedule. Students will also learn how to use Earned Value Management (EVM) to understand schedule and cost variances, and design recovery techniques to get projects back on track. By the end of this course, students will have the tools necessary to complete projects successfully within allocated time and costs.

Learning Outcomes

  • Estimate project activity durations and costs
  • Establish resource requirements
  • Perform network diagramming techniques, determine the critical path and critical chain
  • Determine project schedule status, schedule and cost variances
  • Apply project schedule and budget recovery techniques

Skills You Will Gain

  • Scheduling and time management
  • Cost estimation, management and budgeting
  • Earned Value Management
  • Forecasting project performance
Course Code
501138