Cost Management for Project Managers -- PM270
-- Why are my projects ALWAYS over budget?
-- How can I run this project if I have to fill out all this accounting paperwork?
-- What's the difference between ROI and IRR?
-- How do I determine the difference between capital and expense and what's the right mix?
Every project costs money - and organizations expect value in return for their investments. Your organization expects you to track those costs and report in a language the decision-makers can understand.
Cost management is more than estimating, and much more than filling out all the accounting paperwork. Successful project managers know how to estimate costs accurately, and how to track their expenditures using consistent processes. They know how to discuss project resource needs using terms their stakeholders understand. And they manage the project spending to provide maximum value to their organizations.
This 2-day workshop is valuable for project sponsors, project managers, and project teams who need to understand project cost challenges.
Topics
- Understanding the financial terms your decision makers use
- Planning your cost management framework
- Estimating direct and indirect costs
- Making cost decisions based on long-term cost
- Preparing a useful project budget
- Controlling project costs
- Meaningful project cost status reports
- Closing out project cost information
Who Should Attend?
- Project Managers
- Program Managers
- Project Sponsors
- Project Team Members
Prerequisites: Project Management Essentials or equivalent
Text/Materials: Course binder
Duration: 2 day workshop
Professional Development Credits: 16 PDUs
Cost: $1,150
Course Dates and Location: