Project Schedule and Cost Management

One of the primary responsibilities of a project manager is to manage a project’s budget and schedule. Success is often measured based on meeting deadlines and delivering the project within financial and schedule constraints.
The PM role today is much more complex, requiring a deeper understanding of stakeholders’ goals, needs, expectations, requirements, and risk tolerance. A project manager must have a holistic perspective and a nuanced understanding of project elements and their interaction with budgets and schedules.

This mandatory course will review roles and responsibilities, estimating, how to be a good steward of project resources and how to adapt project scheduling and budgeting efforts to uncertainty with concepts such as rolling-wave planning and agile delivery.

This course is also sometimes known as “Tracking and Forecasting Progress: Budgets, Baselines and Timelines”, “Managing Variances: Cost and Schedule Management Best Practices” and "Project Schedule and Cost Control".

By the end of this course, participants will gain the practical skills to:

• Understand the roles and responsibilities of the project manager and other subject matter experts such as schedulers, financial experts, and others;
• Prepare a project budget and schedule;
• Use fundamental scheduling techniques such as calculating critical path and float;
• Use cost-benefit analysis, earned value and velocity for project decisions and to understand project health; and 
• Appreciate the importance of a sophisticated and nuanced understanding of project objectives.