PM620 Schedule and Cost Control Techniques
This course emphasizes a hands-on approach to using project management tools to facilitate scheduling, estimating, tracking and controlling the schedule and costs of the project. Working with a given or chosen project schedule, a project baseline will be established so that actual schedule and cost variances can be compared to the project baseline, and corrective actions can be developed to address the variances. Specific project management tools covered include Gantt, PERT, Milestone Charts, Critical Path Method (CPM), Earned Value Management (EVM), Present Value (PV) and Internal Rates of Return (IRR). Specific topics covered include developing contingency plans, incorporating risk and quality factors into project cost and schedule and establishing ways to communicate project status to various stakeholders at various points in the project life-cycle.
Prerequisite
PM600 or SE600
Corequisite
None
Distribution
Business