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Project Cost Management

Strategic Course Goals and Objectives:
1. Fluency in cost estimating methods
2. Skills and tools allowing the development of a project cost estimate
3. Development and management of the Cost Baseline
4. Ongoing cost baseline management and control
Tactical Skills:
1. The mechanics of Bottom-up Estimating
2. The mechanics of Analogous Estimating
3. The mechanics of Parametric Estimating and “Cost Estimating Relationships”
4. How to read and analyze a project cost estimate
5. Life-Cycle Costing - how to estimate the costs of a project over the project life cycle
6. Time-Phased Budgeting - how to prepare the budget/cost baseline
7. A comprehensive introduction to cost variance analysis and cost control