Project Management Foundations: Budgets

Project Management Foundations: Budgets

English | MP4 | AVC 1280×720 | AAC 48KHz 2ch | 1h 10m | 438 MB

Budget is key to controlling a project’s outcome—and one of the 10 foundational knowledge areas of the Project Management Body of Knowledge. In this course, designed for project management professionals and other leads who need to get a handle on their costs, author and PMP® Bob McGannon shows you how to manage your project’s budget. Explore fundamentals such as the work breakdown structure, costing standards, and capital vs. operating costs. Then learn how to build, manage, and monitor a project budget. Plus, get practical tips on recovering from overruns and dealing with scope changes.

Note: This course follows the latest guidance from Project Management Institute, Inc., as outlined the PMBOK® 6 Guide.

Topics include:

  • Recall best practices for project budgeting and estimation
  • Distinguish common estimation approaches used to build project budgets, and understand when to use them
  • Recall best practices for budget expectation management, while utilizing sound budget refinement techniques
  • Describe and explore agile project budgeting techniques
  • Review various approaches for correcting project budget overruns
  • Review sound budget reporting approaches, including how they can be used to report project status
  • Recognize the issues and changes that can put a project budget in jeopardy
Table of Contents

1 Manage your project budget so it doesn t manage you

Budgeting Fundamentals
2 What is a project budget
3 Budgets with WBS and project tools
4 Discover costing standards
5 Consider enterprise environmental factors
6 Examining capital and operating costs

Building the Budget
7 Types of estimating
8 Estimation approaches
9 Establishing an estimating structure
10 Assigning costs to resources
11 Finalizing and communicating your budget
12 Budget considerations for agile projects

Managing the Budget
13 The correct level of budget detail
14 Prioritizing budget versus scope elements
15 Recover a bloated budget
16 Earned value budget tracking

Budget Management Pro Tips
17 Collect resource usage information
18 Select budget reporting options
19 Funding limit reconciliation
20 Apply foresight to your budget status
21 Address budgeting issues

22 Next steps