Workshop Description
Estimating and cost control is a fundamental and challenging task of the project
manager. The process involves breaking the work down into specific activities and tasks,
establishing the resource requirements for each of these task, estimating the costs of
resources and activities, creating a realistic baseline budget, creating a project cash
flow, establishing monitoring strategies, and controlling the budget.
Participants receive in-depth instruction on estimating principles, methodologies, and
procedures, along with effective strategies to monitor and control the budget. They learn
the process of creating realistic estimates and budgets that withstand the scrutiny of
clients and other stakeholders and methods of incorporating risk at every stage of the
project.
The complete estimating and cost control process, based on the Project Management
Institute (PMI), is presented with the theory and practical examples of each of
these techniques. Workshop exercises are also provided to enhance learning and provide
immediate experience to enhance your project management capabilities.
What You Learn
Who Should Attend
This workshop is appropriate for those who manage projects, manage
teams, manage programs, or manage stakeholders. The content requires a basic understanding
of the project management framework based on the PMI standards and guidelines. Typically
most participants of this workshop are working towards a Project Management Certificate or
require specific training in this project management area.
The prerequisite for this course is our Project Management
Tools & Techniques Workshop (PM 101).
The project management workshop material is non industry specific. The
techniques you learn apply to any industry, incl:
- High Tech
- Communications
- Construction
- Manufacturing
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- Service Sector
- Consumer Goods
- Consulting
- Marketing
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- Sales
- Financial
- Engineering
- ...and others
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Workshop Topics
- Review of the Project Management Framework
- Project Estimating/Budgeting and The Project Stages
- The Estimating Process
- Classes of Estimates
- Estimating Methods
- Activity Based Estimates
- Resource Requirements
- Estimating Costs of Resources
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- Establishing the Project Budget
- Validating the Budget
- The Baseline Budget
- The Project Cashflow
- Measuring Performance (Tracking the Budget)
- Controlling the Budget
- Updating the Project Plan
- Estimating Software
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This workshop addresses several of the PMI
Project Management Subject Areas.
- Project Integration Management
- Project Planning
- Project Scope Management
- Project Time Management
- Project Cost Management
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- Project Risk Management
- Project Human Resource Management
- Project Communications Management
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Earn Project Management Credits
NPM is a recognized PMI Educational Provider which permits participants
to earn credits towards professional certification from the Project Management Institute
(PMI).
Obtaining Project Management Certification
If you are working towards obtaining professional certification from
PMI, this course provides credits towards project management experience which is required
as a prerequisites to your application for registration.
Maintaining Project Management Certification
If you are already a project management professional (PMP), the Project
Management Institute requires that you earn 60 professional development units (PDUs) every
three years to maintain certification.
This
workshop provides the following credits towards
maintaining your PMP certification. |
The Instructors
Each of our instructors are seasoned Professional Project Managers with
at least 20 years industry experience. These are actively working professionals from
prominent project management firms that are experts in their area of project management.
They bring a wealth of hands on expertise in their subject area which participants say is
an important value they receive from our workshops and which enhances their learning.
What Participants Say
view comments from participants
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