RedVector RVLS-2869a

PMBOK® Guide - Sixth Edition: 12-Controlling Costs

PMBOK® Guide - Sixth Edition: 12-Controlling Costs

1 hr. Online Course

Level: Intermediate

Item#: RVLS-2869a

SME: Neal Rowland, PMP, PMI-ACP, ITIL Expert, ITIL Practitioner

Cost management is one of the most integral components of the project management process. Controlling Costs shows how the project manager assumes full responsibility for cost oversight and delivery of the project within budgetary constraints. Financial tools and analysis enable the project manager to oversee activities and the cost associated with delivering the project's product. Control Costs is the process of monitoring your project status to ensure that your budget is up to date that the project's value is being delivered to meet expectations.
Course Objectives
At the end of this course, you will be able to:
  • Explain the need and reasons why the importance of value is critical to the cost management of a project.
  • Describe why it is important to ensure that the full value of a project is recognized.
  • Explain why it’s important for a project manager to monitor expenditures that are relevant to the value of the work accomplished.
SUBJECT MATTER EXPERT: Neal Rowland, PMP, PMI-ACP, ITIL Expert, ITIL Practitioner
Neal Rowland, PMP, PMI-ACP, ITIL Expert, ITIL Practitioner Photo
Neal Rowland has been a Project Management Professional (PMP) for over 13 years. During that time he has instructed, authored courses, advised training companies and corporations, and applied the best practices of project management in his work at Microsoft, Plex, and others. As the Lead Crowd Surfer of The Crowd Training [], Neal leads product development, instructional design, and graphic design. He is a contributor to the PMBOK. Beyond being certified as a PMP, Neal is also a certified agile project manager (PMI-ACP) and IT service management (ITIL Expert and ITIL Practitioner). Neal currently resides in the Detroit area with his wife and 5 kids.
Professional Organizations
Project Management Institute (PMI) - Project Management Professional (PMP, PgMP, PfMP, PBA) (Ways of Working - 1510-RVLS-2869a)
Accreditation: Authorized Training Partner 1510