An online course on project cost management based on PMBOK 6th edition for those who want to enhance or refresh their cost management skills and/or competencies.

This course walks over the processes in project cost management (plan cost management, estimate costs, determine the budget, and control cost).

This course defines cost and explains what cost management is about.

This course covers how cost management might be different in agile environments compared to predictive environments.

This course covers the two different types of reserves (contingency and management) and how they are treated in cost management.

This course covers what is established in the cost management plan (like cost estimate accuracy and cost estimate precision).

This course covers the different types of costs (direct versus indirect and variable versus fixed).

This course covers the different cost estimate techniques (such as analogous, parametric, three-point estimates, triangular, PERT and bottom-up).

This course covers the accuracy of cost estimates over time.

This course covers the cost of quality (which includes the cost of nonconformance and the cost of conformance).

This course covers different methods of calculating cost contingency reserves.

This course covers the use of Three-Point Estimation and Monte Carlo Analysis using Microsoft Excel.

This course covers Funding Limit Reconciliation.

This course covers Earned Value Analysis, how to use Earned Value (EV), Planned Value (PV) and Actual Costs (AC) to find the variances, performance indexes, forecasts (Estimate at Completion, Estimate to Completion and Variance at Completion) and the three different cases to calculate Estimate at Completion.

The course will also discuss the difference between generating forecasts manually (bottom-up) and through formulas based on values gained from the Earned Value Analysis.

This course provides you with Professional Development Units (PDUs).