Projects Cost Management, Estimating, Budgeting and Control.

Learn how to estimate costs for any project, how to determine budget and how to use Earned Value Management tools. 3 PDU

What you will learn

☑How to estimate costs for a project

☑How to determine project budget

☑How to control project costs

☑How to use Earned Value Management indicators


This course consist of two parts. The fist part is a theoretical explanation based on the cost management chapter from PMBOK (the book that is used for PMP certificate) and the second part is a practical example about how to apply the theoretical part..

Both parts talk about three main topics:

  1. How to estimate costs for activities in the project, which also include:
    • Types of Costs
    • Estimating costs tools and techniques.
    • Handling Risk Reserves costs
    • Cost of Quality
    • Documenting the costs basis of estimates
  2. How to determine project budget, which also include:
    • Determine cost baseline
    • Estimate funding requirements
    • Determine project budget
  3. How to Control Project Costs, through:
    • Using Earned Value Management Techniques to assess project performance
    • Calculating CPI, SPI, CV, SV
    • Forecasting project costs y using Earned Value Management Tools






Theoritical Part

What is Cost Management?

Direct and Indirect Costs

Analogous Estimating

Parametric Estimation

Three-Point Estimating

Reserve Analysis

Cost Estimates and Basis of Estimates

Cost Baseline

Funding Requirements

Earned Value Formulas

Project Status

Earned Value Example

Forecasting Three Scenarios

Forecasting Example

To-Complete-Performance-Index TCPI

Performance Reviews


Project Simulation and Detailed Example

Direct and Indirect Costs

Cost Estimates and Reserve Analysis

Cost Baseline and Project Budget

Basis of Estimate

Funding Requirements

Earned Value Calculation



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