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PRM 1003   Project Cost Management   Credits: 3

In this course, students will learn how to build realistic cost estimates for their projects by planning for costs, estimating those costs, determining a budget, and controlling costs. In planning for project costing, analytical techniques will be reviewed to set the base for a proper cost management plan. Students will add to this plan by learning tools and techniques that will allow them to accurately estimate the cost of the work activities within the project plan. Next, students will learn how to determine the proper budget so they can establish a realistic cost baseline. Finally, students will be given the understanding of how to control costs using earned value management and other tools and techniques. Students will be applying cost management concepts using a set of forms and reports so they can readily apply the practices described in the PMBOK® Guide to their real world projects.

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