Project Management Foundations: Budgets

Offered By: LinkedIn Learning

Tags

Project Management Courses Financial Planning Courses Risk Management Courses Budgeting Courses Cost Estimation Courses Project Planning Courses Cost Control Courses Earned Value Management Courses

Course Description

Overview

Learn how to build and manage your project's budget from Project Management Professional (PMP®) Bob McGannon.

Syllabus

Introduction

Project budgeting: Focus on value
The project budget

1. The Budget Planning Process

Budget estimating parameters
Budget variables in your budget
Budget accuracy and precision
Baselines and contingency for your budget

2. Budget Forecasting

Forecasting and building a budget
Balancing competing budget constraints
Organizational considerations for your budget

3. Measurement Techniques

Selecting data to analyze when building your budget
The right metrics for budget management
Baseline budget performance
The earned value approach
Budget forecasting

4. Budget Reporting

Verifying budget results
Tracking cost of quality and change
Budget information sharing

5. Handling Budget Challenges (Exercises)

Challenge: Making concessions
Solution: Making concessions
Challenge: Access to funds
Solution: Access to funds
Challenge: Troubleshooting performance
Solution: Troubleshooting performance

Conclusion

Your budget management toolkit

Taught by

Bob McGannon

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