The PMI Registered Education Provider logo is a registered mark of the Project Management Institute, Inc.

ASU Continuing and Professional Education is an educational provider for the Project Management Institute.

What you'll learn:

Determining projects costs and creating a budget are two critical tasks that all project managers must perform, and they are an important part of earned value management. This course will help you estimate costs, maintain budget, and use earned value management to analyze performance. In addition to establishing a baseline schedule for a project, it is also necessary to develop a baseline budget. The project budget is determined by aggregating the estimated costs for all project activities.

Concepts in this course support the following Project Management Knowledge Areas of the PMI Guide to the Project Management Body of Knowledge (PMBOK® Guide):

Project Resource Management

Project Cost Management

This course is based on the PMBOK 6th edition, and may not fully prepare learners for the revised PMP exam. However, this course still qualifies for PDU's for any existing PMP to maintain their PMI certification.

Module and Content:

Students will view an in-depth video about “earned value management” basics. They will also have an opportunity to explore some specific features of Microsoft Project 2016*, a project management software system, by viewing tutorial videos and assessments.

* If students would like to complete the steps as outlined in the tutorials, they will need Microsoft Project 2016 and the accompanying file(s) from the course to practice the processes shown in the videos.

Learning Objectives:

• Learn the basics of earned value management.
• Prepare project budgets, including the cost of labor, materials, equipment, and travel.
• Identify project performance measures that will be monitored and evaluated during a project.
• Determine control costs, which is useful in situations where the budget is exceeded or the value of the work is not meeting expectations.
• Determine cash flow management.