Duration - 2 Days
Estimating and Managing Time & Cost

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AudienceThis course is designed for:

  • Project managers with limited experience
  • Functional managers who support project managers
  • Professionals who desire a career in Project Management


Prerequisites"Successful Techniques of  Project
Equivalent project management knowledge and experience


DescriptionThis course is divided into the following modules:

  • Module 1: An Overview of Time and Cost
    Management defines the processes for the Time and Cost knowledge
  • Module 2: The Estimating Process identifies
    fundamental estimating processes to determine a solid project
    schedule and baseline.
  • Module 3: Creating the Preliminary Schedule
    and Budget
  • Module 4: Finalizing the Schedule and
  • Module 5: Establishing a Control System
    introduces the purpose of the planning, monitoring, and
    controlling life cycle.
  • Module 6: Evaluating Project Progress
  • Module 7: Using Earned Value focuses on the
    Earned Value Analysis technique for quantifying project
  • Module 8: Identifying Troubled Projects
    provides a "real-world" identification model for troubled
    projects and corrective action techniques.

This course will incorporate practical hands-on case studies to reinforce the skills taught.


Performance ObjectivesUpon completion of this course, thestudent will be able to:

  • Define the purpose of Time and Cost Management.
  • Use the Work Breakdown Structure as a foundation for estimating and control.
  • Apply planning tools and techniques for effective time and cost management.
  • Establish a comprehensive baseline for effective time and cost management.
  • Develop a planning, monitoring, and controlling cycle for your project.
  • Use Earned Value Analysis to evaluate and measure time and cost performance.
  • Identify characteristics of troubled projects in the executing and controlling phases.
  • Apply techniques to bring the project within accepted tolerance levels.


PMBOK Guide Areas Covered


This course covers the following Project Management Knowledge Areas:

  • Project Integration Management
  • Project Scope Management
  • Project Time Management
  • Project Cost Management
  • Project Human Resource Management
  • Project Risk Management