Project Management Fundamentals: Managing Project Budgets

About This Course

If you don't know where you are going. How can you expect to get there? Make your project budgets that get you there.

In this course certified PMP, trainer, and author Luke Angel uses his over 20 years of experience to teach you techniques for managing the variety of costs that you need to manage while delivering the products of your project. As project managers, we need to focus on project estimations and actual charges against those estimates. Costs for one of the three major constraints project managers must handle. Getting it wrong, can cause you to fail to provide the promised value to your business. If not, cause your project to be scrapped all together. Luke will start by examining the fundamentals of building your project budget. Using traditional project management products such as a  breakdown structure and your project schedule. Luke will talk about the various stages of project estimates and various estimation techniques that you can deploy to build your budget. Next, Luke will describe some easy to use reports to track status against your projected budget. Luke will then take show you how to prevent your budget from overruns and how you can examine scope changes and their effects on your on your project. Lastly,he will discuss using your plan budget and actual cost data to allow to apply foresight to your project direction.
Topics Include:

Project Budget Fundamentals
How To Use Your Work Breakdown Structure As The Base For Your Budget
How To Identity Standard Costs 
How To Work With Capital Vs Operating Costs
How To Use Different Estimation Techniques
How To Form Estimation Structure
How To Manage Resources Costs
How To Communicate Your Budget To Stake Holders
Know The Differences Between Budget Vs Scope
How To Slim Down The Budget
How to Identify Resource Usage
How Report On Your Budget 
How To work With Spending To Constraints
How To Forcast Your Budget 
How to Avoid Budgeting Pitfalls

• Project Budget Fundamentals

• How To Use Your Work Breakdown Structure As The Base For Your Budget

• How To Identity Standard Costs